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Construction sector 'needs accountability'

Apr 12 2013 10:19

Johannesburg - Construction bosses must be held accountable if their firms are found guilty of bid-rigging, corruption, price fixing and collusion, according to a report on Friday.

The Business Day reported that rampant collusion had rocked the construction industry, and government wanted to hold company bosses personally liable by making them sign binding contracts.

"CEOs in future will take personal responsibility to grow the culture of transparency," Economic Development Minister Ebrahim Patel was quoted as saying at a conference in Midrand on Thursday.

"We'll make them sign some kind of contract on this."

His comments come after the Competition Commission received more than 400 confessions related to collusion.

Patel said government planned to boost its capacity in planning, procuring, managing and monitoring projects.

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ebrahim patel  |  construction  |  accountability


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