You are currently viewing our desktop site, do you want to visit our Mobile web app instead?
 Registered users can save articles to their personal articles list. Login here or sign up here

Construction firms to oppose Sanral’s R760m claim

Road agency says it suffered damages and overcharges because of the collusive conduct of firms including Murray & Roberts and Basil Read.

JOHANNESBURG – South African construction firms Murray & Roberts and Basil Read said on Tuesday they will oppose damages claims by national roads agency Sanral for anti-competitive behaviour flagged by antitrust authorities last year.

Sanral said on Monday it had approached the court to claim total damages of as much as R760 million ($50 million) from Murray & Roberts and Basil Read as well as Concor, Wilson Bayly Holmes-Ovcon, Group Five, Stefanutti Stocks and Raubex.

“The agency argues that it suffered damages and overcharges as a result of the companies’ collusive conduct,” Sanral said.

The biggest chunk of the claims is for work done on freeways in Gauteng, South Africa’s wealthiest and most populous province, but relief is also sought for conduct in other parts of the country, Sanral said.

Murray & Roberts, which merged with Concor in 2011, told Reuters it intends to dispute the damages claims and will keep stakeholders informed on its progress.

Basil Read spokesperson Andiswa Ndoni confirmed that Sanral has filed a civil suit against the firm.

“The claim is for R84 million, on a joint and several liability with two other construction companies. Basil Read has filed a notice of intention to defend the matter,” said Ndoni.

The other firms could not be reached for comment.

($1 = R15.2343) 

Get access to Moneyweb's financial intelligence and support quality journalism for only
R63/month or R630/year.
Sign up here, cancel at any time.

COMMENTS   0

To comment, you must be registered and logged in.

LOGIN HERE

Don't have an account?
Sign up for FREE

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR

Podcasts

SHOP NEWSLETTERS TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: