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April 2015
Industry Buzz, Events & Products
T
he Department of Trade and
Industry will award certificates
towomenwho have completed
the Corporate Governance Develop-
ment Programme, which aims to in-
crease the pool of trained candidates
for possible appointment on boards
of public and private entities.
The department has to date
trained approximately 200 women
in its partnershipwith the Institute of
Directors of Southern Africa (IoDSA)
and the South African Women Entre-
preneurs’ Network (SAWEN).
The Corporate Governance Devel-
opment Programme aims to address
the increasing importance of good
governance and ethical conduct
in the private and public sector. It
provides a platform for business and
government leaders to communicate
what should constitute ethical and
good governance in daily businesses.
One of the policy objectives for the
Companies Act, 2008 is to enhance
transparency and corporate gover-
nance in companies.
The Corporate Governance Devel-
opment Programme was initiated to
promote the principles of good gov-
ernance espoused in the Companies
Act and the King Code of Governance
DTI’s Corporate Governance Development Programme
Principles.
The programme was launched by
the former Deputy Minister of Trade
and Industry, Elizabeth Thabethe,
in September 2013. The focus in
2015 is on the second phase of the
programme, which is placing each
trainee on a company board as an
observer in one meeting to obtain
practical exposure regarding the
workings of boards.
Most companies have heeded to
the request from the department and
have opened their boardmeetings to
trainees of the programme to attend
meetings as observers.
■
T
he Competition Commission
has referred three cases of col-
lusive tendering in theWestern
Cape against GVK Siyazama.
The
first collusive tendering is
between GVK and Neil Muller Con-
struction (NMC) in respect of the
Tygervalley Mall project.
The second collusive tendering is
also between GVK andNMC in respect
of the Akila Trading project. The third
collusive tendering is between GVK
and Group Five in respect of the Cape
Gate Medi-Clinic.
GVK had bilateral collusive agree-
ments with NMC and Group Five, in
which GVK submitted bid prices that
were higher than that of NMC and
Group Five respectively.
The Commission’s investigation
found that there is sufficient evidence
that GVK colluded with NMC in re-
T
he Competition Commission
has referred a case of collusive
tendering against Group Five to
the Competition Tribunal.
The collusive tendering was be-
tween Group Five and WBHO Con-
struction as well as with Concor, a
subsidiary of Murray and Roberts, in
respect of the rehabilitation of the
Commission fines Group Five
National Route 5, section 4, between
Senekal and Vaalpenspruit in the
Free State.
Group Five had bilateral collusive
agreements with WBHO and Concor
respectively, in terms of which Group
Five would submit a bid price lower
than those submitted by WBHO and
Concor, in order to ensure that Group
Five won the tender.
The Commission’s investigation
found sufficient evidence that Group
Five colludedwithWBHO and Concor
in respect of the Senekal project.
The Commission is requesting the
Competition Tribunal to impose a
maximum penalty of 10% of Group
Five’s annual turnover.
■
spect of the TygervalleyMall andAkila
Trading tenders.
The investigation further found
that GVK also colluded with Group
Five in respect of the Cape Gate Medi-
Clinic tender.
The Competition Commission is
requesting the Competition Tribunal
to impose amaximumpenalty of 10%
of GVK’s annual turnover in respect of
each contravention.
■
Collusive tendering