HILARY JOFFE: Bain made little from state capture, but lost billions for Sars and SA

2022-01-13 08:25:00 PM

The Zondo report fleshes out some interesting details about how the process occurred

HILARY JOFFE: Bain made little from state capture, but lost billions for Sars and SA

The Zondo report fleshes out some interesting details about how the process occurred

Hilary JoffeThe Zondo commission’s report on the capture of the SA Revenue Service (Sars) doesn’t add much to what we already knew from the Nugent commission’s more thorough report on the tax authority. But it offers a couple of crucial takeaways and prompts some big questions, not just about Sars but about state capture more generally.

The Zondo report has served to spotlight the role played by management consultancy Bain, in a way the Nugent report did not, despite the dramatic revelations it contained. Rival McKinsey and other firms such as KPMG that enabled state capture have taken huge flak in SA and abroad for the role they played and have sustained significant damage...

Read more:
Business Day »

Big business offers to help prosecutors pursue state capture culpritsCorporate SA is offering the National Prosecuting Authority additional resources to pursue people and entities named in the state capture inquiry report. Hahahahahahah which big business like Steinhoff? IOL insightfactor come this That is also state capture. Those are the donors of CR17BankStatements disguised as businesses and currently milking the state. Yes they are welcome

ZEN MATHE: Inside the reign of BainThe consulting firm was present for every step of the dismantling of Sars, from conception, to collusion, to capture. WhereAreTheConvoctuons? 𝙸 𝚓𝚞𝚜𝚝 𝚖𝚊𝚍𝚎 R100k 𝚒𝚗 5 𝚍𝚊𝚢𝚜 𝚘𝚏 𝚝𝚛𝚊𝚍𝚒𝚗𝚐, 𝚒𝚝'𝚜 𝚞𝚗𝚋𝚎𝚕𝚒𝚎𝚟𝚊𝚋𝚕𝚎! 𝙰𝚕𝚕 𝚝𝚑𝚊𝚗𝚔𝚜 𝚝𝚘 Stephanie_fx_tr 𝚐𝚛𝚊𝚝𝚎𝚏𝚞𝚕 𝚖𝚊, 𝙸'𝚕𝚕 𝚔𝚎𝚎𝚙 𝚘𝚗 𝚝𝚎𝚜𝚝𝚒𝚏𝚢𝚒𝚗𝚐 𝚘𝚏 𝚢𝚘𝚞𝚛 𝚐𝚘𝚘𝚍𝚗𝚎𝚜𝚜

OPINION | It’s imperative that SA moves fast on state capture prosecutions. Here’s why ...State capture prosecutions - can South Africans really expect a different outcome this time? 𝐈𝐧 𝐭𝐡𝐞 past 4Days 𝐈 𝐡𝐚𝐯𝐞 𝐦𝐚𝐝𝐞 𝐨𝐯𝐞𝐫 $8,𝟘𝟘𝟘 𝐣𝐮𝐬𝐭 𝐰𝐢𝐭𝐡 $3,𝟘𝟝𝟘 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭, 𝐢𝐭𝐬 𝐚𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐦𝐲 𝐟𝐢𝐫𝐬𝐭 𝐨𝐧𝐥𝐢𝐧𝐞 𝐭𝐫𝐚𝐝𝐞 𝐚𝐧𝐝 𝐈'𝐦 𝐚𝐦𝐚𝐳𝐞𝐝, 𝐚𝐥𝐥 𝐭𝐡𝐚𝐧𝐤𝐬 𝐭𝐨 Mr Hendricksnino77 𝐚𝐧𝐝 𝐡𝐞𝕤 the best platform

NPA concedes failure to respond to state captureThe National Prosecuting Authority creates a dedicated Task Force to tackle allegations in the state capture report. Get off your backside and do some work for goodness sake. If you 'can't handle the heat get out of the kitchen'. Lets find some people who want to do the job. NPA_Prosecutes such incompetence is beyond sad,maybe it's time to disband and rebuild cos this agency is jst another criminal enterprise that is out to protect other criminals at the cost of a while nation.

NPA creates task force team to handle state capture casesThe NPA also acknowledged its slow pace regarding prosecutions. Apartheid criminals and looters have died waiting to be prosecuted and all of a sudden there is a task force to prosecute political opponents

Ramaphosa aided state capture – DA | CitypressThe DA has accused President Cyril Ramaphosa of presiding over a committee in the ANC that has been “the roots” of state capture. I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Derrick_Jones39 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with him Yes, he did. I'm happy to join those who are sharing the good news about Brandonkaren11 I'm not persuading anyone to trade with her but i advise every investor to make the right choice when it comes to Bitcoin mining i got my withdrawal safely without any interruption

13 January 2022 - 19:18 Hilary Joffe The Zondo commission’s report on the capture of the SA Revenue Service (Sars) doesn’t add much to what we already knew from the Nugent commission’s more thorough report on the tax authority.By - 11 January 2022 - 11:39 President Cyril Ramaphosa receives the first part of the state capture inquiry report from acting chief justice Raymond Zondo.13 January 2022 - 05:00 Zen Mathe Picture: SUPPLIED The first report from the Zondo commission into state capture, released on January 4, shines a light on the reign of global management consulting firm Bain & Co at the SA Revenue Service (Sars).It may be worth taking guidance from the strategy being pursued by the US justice department to pursue wrongdoers in the attack on the US Capitol on January 6 2021.

But it offers a couple of crucial takeaways and prompts some big questions, not just about Sars but about state capture more generally. The Zondo report has served to spotlight the role played by management consultancy Bain, in a way the Nugent report did not, despite the dramatic revelations it contained. Image: GCIS Corporate SA is offering the National Prosecuting Authority (NPA) additional resources to pursue people and entities named in the state capture inquiry report. Rival McKinsey and other firms such as KPMG that enabled state capture have taken huge flak in SA and abroad for the role they played and have sustained significant damage. For years, Sars was considered a model state institution with a reputation for excellence and efficiency — an exemplary institution whose impressive revenue collection funded vital public spending by the state, and garnered the revenue service global recognition.. The Busa board held an urgent meeting this week to discuss acting chief justice and inquiry chair Raymond Zondo's report, and called on the criminal justice system to ensure speedy investigations and prosecutions.. This includes interviewing more than 300 witnesses, and collecting a trove of documents that will provide important sources of evidence.

B Premium This article is reserved for our subscribers. Such resources could include private prosecutors and other relevant assistance,” said Coovadia. Evidence of this in the report — relying heavily on the testimony of whistle-blower and former Bain partner Athol Williams — includes details from about 17 meetings that allegedly took place between Zuma and Bain SA’s then managing partner Vittorio Massone between 2012 and 2014. A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily. Already subscribed? Simply sign in below.” This comes after NPA boss Shamila Batohi said late last year that the extent and nature of state capture corruption required additional and specialised skills and capacities. . Importantly, the report says there was no need to contract the consulting firm in the first place, and this appointment was used to justify and then implement the changes that enabled the capture of Sars.