The writer argues that the BLSA board, led by CEO Busi Mavuso, is among the South Africans defending a company that colluded to undermine the democratic state.While SA and the world read, with outrage, the Zondo commission’s account of Bain’s “unlawful” involvement at the SA Revenue Service , Business Leadership SA continues to defend Bain.
How BLSA determines that Bain has fully co-operated is a mystery. It has continuously thumbed its nose at our country’s pursuit of truth and justice. While Bain and its newfound praise-singers claim what went wrong at Sars was a failure of governance, it is apparent that Bain’s involvement in state capture emanates from a cavalier culture and attitude of disrespect towards SA and our public institutions. Adding an independent chair to a board comprising Bain people hardly changes this.
The BLSA website statement continues: “Our view, based on the process we undertook with the company, is that the current leadership runs the company ethically within an appropriate governance framework, and there is nothing in the Zondo commission report that suggests otherwise.” It is good that Bain has beefed up its governance to give its clients and SA some comfort that what happened at Sars and elsewhere will not be repeated. This is an important part of the process of redeeming itself. But without comprehensive amends, starting with full disclosure, Bain will always come up short, no matter how much BLSA defends it.
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