Cape Town Stadium was one of 15 projects covered by a settlement agreement with one of the companies, Group Five.
In December 2006, the commission said, Group Five colluded with WBHO Construction to submit a “cover price” on the stadium tender designed to ensure it would not be accepted.
The tender was awarded to the Murray & Roberts (M&R)/WBHO joint venture and the project was completed in December 2009. The World Cup kicked off at the stadium in June 2010.
Wednesday's joint statement said the three companies being sued had “engaged positively with the City of Cape Town”.
“Since 2010, the SA construction sector has contracted in scale and capacity, with limited infrastructure spend by government over the past decade, compounded by the lacklustre economy and the Covid-19 pandemic.
“These challenges have seen several industry failures while others, including Aveng, have divested of their SA construction businesses.
“While the city and the contractors remain confident of their respective legal positions, it has been mutually agreed that it is in the best interests of all parties to amicably settle the matter rather than prolong an extended and costly arbitration and court process. This will allow for future positive engagements between the city and the contractors.”