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Commercial Fishing news Commission to tackle fishing industry tenderThe Competition Commission is investigating allegations against the R800 million tender won by Sekunjalo to combat illegal fishing along South Africa's coastline. According to Corruption Watch, a non-profit organisation that gathers and reports information on corruption in South Africa, Sekunjalo is said to have had an unfair advantage, as it submitted four separate bids under different company names. The non-profit organisation raised further concerns around a conflict of interest involving one of Sekunjalo's subsidiaries, Premier Fishing. Premier Fishing has rights to fish in South Africa, which effectively allows Sekunjalo to be both referee and player in the fishing industry. Collusive tendering per se is prohibited under s4(1)(b)(iii) of the Competition Act. The competition authorities have previously found collusive tendering to include the rigging of bids, bid allocation and bid rotation, as well as the submission of cover bids and cover prices, agreements on tender prices and the allocation of bids to customers or territories. Source: The Times SOURCE I-Net BridgeFor more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions. We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field. Go to: http://www.inet.co.za
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