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Price fixing in building probed

A probe showed top construction companies fixed state and other contracts worth billions of rands, City Press reported yesterday. Affidavits detail a decades-long, formal kickback and price-fixing racket that allegedly involved prominent names in the industry. At least 11 affidavits were made by executives from Stefanutti Stocks - one of the country's biggest construction firms - to the Hawks serious economic offences investigator and the National Prosecuting Authority, the paper said.

Source: www.iol.co.za

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