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Competition Tribunal finds Tourvest and Siyazisiza Trust guilty of collusive tendering

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The Competition Commission has welcomed the decision of the Competition Tribunal finding Tourvest and the Siyazisiza Trust guilty of collusive tendering, in contravention of the Competition Act.

The Competition Commission issued a statement on Monday, 11 October 2021, announcing that Tourvest and the Siyazisiza Trust have been found guilty of collusive tendering, welcoming the Competition Tribunal’s decision to have found them to be in contravention of the section 4(1)(b)(iii) of the Competition Act 89. The commission is said to have received a collusive complaint against Tourvest and Siyazisiza, alleging that both colluded when bidding the tender for “opportunity 3.”

The commission’s investigation found that the Memorandum of Understanding concluded by both respondents had been made up of a collusive agreement which contravened the Competition Act. Tourvest was therefore ordered to pay an administrative penalty of R9 181 073 within 30 days of the date of the issuing order, while the Tribunal found Siyazisiza Trust guilty as well but opted not to sanction them with a penalty.

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Mahlohonolo Lakaje
[email protected]

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