Today's Big Stories

City of CT wants R429m refund from World Cup stadium construction cartel

The City of Cape Town is continuing with its legal battle to fight stadium construction companies accused of colluding during the build up to the 2010 Fifa World Cup.

Mayor Patricia de Lille says the City is seeking R429. 4 million in compensation and is determined to take the matter to court.

Municipalities nationwide incurred a loss of approximately R112 billion with the building of the stadiums but will reportedly not get any compensation.

Instead, a settlement that government reached with the construction companies involved will leave municipalities empty handed.

She says all municipalities should seek compensation for the losses suffered by metros and their residents.

The settlement agreement requires the construction companies involved to set aside R1.5 billion towards the transformation of industry, which she, de Lille, says is a slush fund.

She says the construction industry should be contributing to transformation in any case.

The case will be heard on December 2.

Get all the details from the interview here:

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