State capture whistle-blowers want answers from BLSA over Bain & Co

2022/01/14 21:35:00

State capture whistle-blowers want answers from BLSA over Bain & Co

State capture whistle-blowers want answers from BLSA over Bain & Co

A group of whistle-blowers who testified at the state capture inquiry are calling for Business Leadership SA to explain how it let Bain & Company off the hook.

Political reporterBain & Co has been criticised for its role in troubles at the SA Revenue Service. File photo.Image:SuppliedA group of whistle-blowers who testified at the state capture inquiry are calling for Business Leadership SA (BLSA) to explain how it let Bain & Company off the hook.

At a press conference held at Constitution Hill in Johannesburg on Friday, Thandeka Gqubule-Mbeki, who is part of the group of whistle-blowers, said they would approach BLSA to explain themselves.BLSA was criticised when it decided to keep the consultancy firm as one of its members, saying it was not “inherently corrupt”.

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HILARY JOFFE: Bain made little from state capture, but lost billions for Sars and SAThe Zondo report fleshes out some interesting details about how the process occurred

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

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'Slippery slope': Thuli Madonsela weighs in on BLSA's support of Bain | Fin24Business Leadership SA this week defended its decision to keep Bain & Company as a member, despite scathing findings by the State Capture Inquiry. The purpose of money is to get it for free for this reason each person must be given one million rand for free and that must be done by government, banks and business. Money is just a paper. We all agree on that. There was people before money who lived freely. The purpose of money is to get it for free from the state, government, banks and business because money is just a paper. People must be given one million each person. There was people before money. We are more special and important than money. Money be given to us people freely.

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.

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14 January 2022 - 17:27 Political reporter Bain & Co has been criticised for its role in troubles at the SA Revenue Service.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.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).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).

File photo. Image: Supplied A group of whistle-blowers who testified at the state capture inquiry are calling for Business Leadership SA (BLSA) to explain how it let Bain & Company off the hook. 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. At a press conference held at Constitution Hill in Johannesburg on Friday, Thandeka Gqubule-Mbeki, who is part of the group of whistle-blowers, said they would approach BLSA to explain themselves. 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. BLSA was criticised when it decided to keep the consultancy firm as one of its members, saying it was not “inherently corrupt”.. Bain & Co is one of the companies implicated in aiding state capture after it was appointed by the SA Revenue Service (Sars). It concludes that Bain, Moyane and Zuma jointly conceptualised and co-ordinated an agenda to restructure and seize Sars long before Moyane was installed as commissioner.

  The consultancy firm was found by the state capture inquiry, in its preliminary report, to have irregularly scored R164m worth of work at Sars which was initially supposed to have been work for six weeks. B Premium This article is reserved for our subscribers. 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. It has since paid back the money with interest. After it was initially suspended by BLSA in 2018, the company was brought back. Already subscribed? Simply sign in below. BLSA CEO Busisiwe Mavuso this week publicly defended the decision during an interview with radio 702. 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. “We are in discussion with the leadership of Busa [Business Unity SA] and the leadership of BLSA. The SA Revenue Service.

We have discussed the membership of Bain, which people are very concerned about, because they have been mentioned by [state capture inquiry chair Raymond] Zondo and have come under criticism for the role they played in dismembering Sars,” said Gqubule-Mbeki. She was answering a question about the reinstatement of Bain & Co and the offer by Busa to help fund the prosecutions of those found by the state capture inquiry to have done wrong. It also lays bare how what happened at Sars was emblematic of how state capture worked at other institutions. .