‘No impact at all’ on us, says M&R

THE COMPETITION Tribunal has granted a declaratory order confirming Concor, a subsidiary of listed Murray & Roberts (M&R), contravened the Competition Act in tendering for a number of projects. The Competition Commission applied for the declaratory order. It follows M&R being granted conditional immunity from an administrative penalty for the projects, with this immunity extended to Concor, which was acquired by M&R in 2006. The tribunal found Concor colluded with other construction companies in tenders for five projects. Ed Jardim, the group investor and media executive at M&R, said yesterday the group had received conditional leniency and there was no impact at all on M&R. – Roy Cokayne