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Geomechanics CC, Geomech Africa reach settlement agreement for bid rigging

( October 19, 2016, 15:57 GMT | Official Statement) -- MLex Summary: South Africa’s Competition Tribunal has confirmed that the Competition Commission has reached a settlement agreement with Geomechanics CC and Geomech Africa over bid rigging. The companies had colluded on tenders for the Gautrain Rapid Rail Link Project and other projects, and have agreed to pay a fine of 1.65 million rand (around $118,000).The full text of the statement is below:...

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