The anger towards Bain following Zondo report is justified: Mavuso

2022-01-17 01:05:00 PM

But we need to channel this properly says BLSA CEO.

Bain, Sars

What Bain did at Sars was highly damaging and every South African is right to be angry. But we need to channel this anger properly. Moneyweb BusinessNews

But we need to channel this properly says BLSA CEO.

We all benefit from constructive criticism.Kekana Reports Anger DStv Prem Club Jan 16, 2022 - 08:55 am By Soccer Laduma A DStv Premiership outfit is angered by reports linking former Mamelodi Sundowns midfielder Hlompho Kekana with the club, as the veteran player is expected to find a new home in the coming weeks after leaving Chloorkop.Premium 13 January 2022 - 05:00 The Zondo commission says the evidence it has gathered over four years amounts to one petabyte of data.Premium 13 January 2022 - 05:00 This is going to be a torrid year for SA politics.

In this weekly letter, I’ve criticised freely and often. But it is always important to get one’s facts straight when doing so. Read: Yeye Surfaces Abroad, Club Confirms Why Speaking to the Siya crew, an insider at Royal AM who spoke on condition of anonymity said they are not happy about the the club’s name being linked with players who are not part of their plans. BLSA (and often me personally) has faced much criticism over consulting firm Bain, which is a member, since the publication of the first Zondo Commission report.. Much of this has been ignorant of the facts, poorly informed, sensationalist and not even vaguely constructive. The club is busy making decisions on players leaving and those that are likely to join but Hlompho hasn’t been mentioned in any of the discussions. I completely understand there is much anger at Bain following the Zondo Commission report, as there should be..

What Bain did at Sars was highly damaging and every South African is right to be angry.  Read: P irates Set For Further Boost With Returning Stars? Kekana has been a free agent since parting ways with Sundowns in November and the Zebediela-born player has previously said that he believes that he has two more seasons left in him before retiring from professional football. 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. But we need to channel this anger properly. The criticism has claimed variously that BLSA has “embraced” or “defended” Bain following the Zondo Commission. This is nonsense. The facts are that in 2018 following revelations at the Nugent Commission, BLSA suspended Bain, adding it to previous suspensions related to state capture, including KPMG, Transnet and Eskom.

That suspension was directly in response to the actions of Bain at SARS – the same actions that the Zondo Commission has highlighted in its report. BLSA acted swiftly and publicly condemned the misconduct over three years ago. This was certainly no embrace or defence. It reflected our absolutely clear view that our members must reflect the high standards of the integrity pledge that they made to fight against corruption. In much of the criticism directed at us, these actions in response to what Bain did are not mentioned.

Why not? In the two and a half years after Bain’s suspension, BLSA had several engagements with Bain in which we set out our views on what the company had to do to regain the trust of BLSA. Among the steps we required was that Bain pay back all the fees it took from SARS with interest. It has been said that was not enough – there are damages that should also be compensated and we agree. At no point did we say refunding the fees should be the end of it and those who suggest so are tilting at windmills. In mid-2021, Bain met with the BLSA board and outlined all the institutional reforms it had undertaken.

Bain convinced us that these were material and would allow it to again meet the standards we expect of it. The question was whether Bain could meet the requirements of our integrity pledge and our view, which was not developed lightly, was “yes”. That in no way detracts from the issues at SARS. To say that an institution now has in place the appropriate processes and structures obviously does not amount to a claim that it always did and that it somehow should be absolved from consequences for past acts. We have on numerous occasions said that the executives who were involved in the state capture project should be brought to book.

So, the claim that BLSA is defending Bain is deliberately ignorant of the facts. We made clear our views on Bain’s activities at SARS. Those views are unchanged. We fully support the Zondo Commission’s recommendation that Bain’s contracts with the public sector be investigated and all legal remedies pursued. Not only do we support it in sentiment, but we do so through actions including supporting the strengthening of the criminal justice system to deal with such cases.

We were as shocked and disappointed as any other South African at what happened at SARS. And we took action. Our actions supported corrections in that company. That is the influence we intend to have, and the possibility of renewed membership is a catalyst to drive change. Is there fair criticism that should be made of us? Of course there is – our actions don’t always lead to the outcomes we want.

But such criticism must be realistic about what our capabilities are. We do not have any of the powers of the criminal justice system – to investigate or punish transgressors. We are a business organisation and fundamentally forward looking. We expect high standards of our members and we act when evidence comes to light that they do not live up to them. We did that in the case of Bain.

BLSA is certainly not here to vouch for Bain – it must speak for itself. But I can say that BLSA interrogated and continues to interrogate members to ensure they comply with the standards we expect. We may not know all the material facts and we always welcome information that will help us in this mission. As new information comes to our attention, we will act again. BLSA strongly endorses the recommendations the Zondo Commission has made.

BLSA is actively working to make real the wish we all share for justice following the years of state capture. In our efforts we welcome fair criticism. But let’s ensure the anger we feel now is directed at the right places. In yesterday’s Sunday Times, journalist Chris Barron quoted me regarding our offer of support to the National Prosecuting Authority. BLSA is committed to ensuring our criminal justice system is effective so that it can pursue justice, not only on state capture but all criminal activity.

We have no interest in interfering with the NPA’s work, only in supporting its capacity that has been so severely damaged. Alongside our Business Against Crime project, this is one area where we are walking the talk. Busi Mavuso is CEO Business Leadership South Africa. jQuery(document).on('click', 'a[href*="#to-comments"]', function (event) { event.

preventDefault(); jQuery('html, body').animate({ scrollTop: jQuery(jQuery.attr(this, 'href')).offset().top }, 500); }); jQuery(document).

ready(function () { jQuery('img[class*="wp-image-"]').bind('click', function () { jQuery(this.parentElement).lightBox({ imageLoading:"https://www.moneyweb.

co.za/wp-content/themes/moneyweb-domination/images/spinner_moneyweb.gif", imageBtnPrev:"https://www.moneyweb.co.

za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", imageBtnNext:"https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.

png", }) }); function getSelectedText() { if (window.getSelection) { var range=window.getSelection(); return range.toString() } else { if (document.selection.

createRange) { var range=document.selection.createRange(); return range.text } } } function createTweetLink(text, e) { var oldTweetLink=document.getElementById("tweetLink"); if (oldTweetLink !=null && typeof oldTweetLink !="undefined") { oldTweetLink.

parentNode.removeChild(oldTweetLink); } if (text==="") return undefined; var newTweetLink=document.createElement("a"); newTweetLink.href="https://twitter.com/intent/tweet?text=" + encodeURI(text) +"&url=https://www.

moneyweb.co.za/news/south-africa/the-anger-towards-bain-following-zondo-report-is-justified-mavuso/&via=Moneyweb"; newTweetLink.id="tweetLink"; newTweetLink.target="_blank"; newTweetLink.

innerHTML=' Tweet'; var appendedTweetLink=document.getElementById("article-body-content").appendChild(newTweetLink); var x=(e.clientX + 5) + 'px', y=(e.clientY + 5) + 'px'; jQuery(appendedTweetLink).

css({ "top": y, "left": x }); return newTweetLink; } var textParagraph=document.getElementById("textParagraph"); if (textParagraph) { textParagraph.addEventListener("mouseup", function (e) { tweetLink=createTweetLink(getSelectedText(), e); }, false); } }); .

Read more:
Moneyweb News »

Royal AM Angered By Reports Linking Hlompho Kekana With The ClubA DStv Premiership outfit is angered by reports linking former Mamelodi Sundowns midfielder Hlompho Kekana with the club. SLSiya Read more: This is an insult to Keke by Royal AM , they should be honoured to be linked with him 𝙸 𝚓𝚞𝚜𝚝 𝚖𝚊𝚍𝚎 R100k 𝚒𝚗 5 𝚍𝚊𝚢𝚜 𝚘𝚏 𝚝𝚛𝚊𝚍𝚒𝚗𝚐, 𝚒𝚝'𝚜 𝚞𝚗𝚋𝚎𝚕𝚒𝚎𝚟𝚊𝚋𝚕𝚎! 𝙰𝚕𝚕 𝚝𝚑𝚊𝚗𝚔𝚜 𝚝𝚘 Tatiana_Fx_ 𝚐𝚛𝚊𝚝𝚎𝚏𝚞𝚕 𝚖𝚊, 𝙸'𝚕𝚕 𝚔𝚎𝚎𝚙 𝚘𝚗 𝚝𝚎𝚜𝚝𝚒𝚏𝚢𝚒𝚗𝚐 𝚘𝚏 𝚢𝚘𝚞𝚛 𝚐𝚘𝚘𝚍𝚗𝚎𝚜𝚜 because you're a guardian angel to us all. 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 LeticiaThomas90 on Twitter she guides me through and i made a return of $10500 after a week of trading, connect with her LeticiaThomas90

TOBY SHAPSHAK: Biting corruption with a zillion bytesThe Zondo commission report shows how digitalisation can be a game-changer for accountability and information, writes shapshak. shapshak I really enjoyed this article

JUSTICE MALALA: 11 key risks for SA in 2022From the repercussions of the Zondo commission report to the havoc caused by Covid, there are many areas of concern, writes justicemalala.

POLITICAL YEAR AHEAD: Expect tumult and turmoilGoings-on in the ruling party are likely to dominate the political landscape in 2022 — there’s a pending leadership battle, possible fallout around the Zondo report, and the perennial faction fighting, writes carienduplessis.

POLITICAL YEAR AHEAD: Expect tumult and turmoilGoings-on in the ruling party are likely to dominate the political landscape in 2022 — there’s a pending leadership battle, possible fallout around the Zondo report, and the perennial faction fighting, writes carienduplessis.

‘Why burn her at the stake?’ — Mboweni and Maimane weigh in on Zondo rebuking SisuluFormer finance minister Tito Mboweni and One SA Movement leader Mmusi Maimane have weighed in on Raymond Zondo’s response to Lindiwe Sisulu. I want to share this because i want others to benefit from this opportunity that Julie_fx_trader gave to me i made R160,000 profit today. I strongly recommend this trader to those who look for a stable system. Mboweni says insulting her is uncalled for. Did Zondo insult her? She's the one who threw insults around in her quest for attention. She was looking for attention and now cries after she go it. Maimane is right; Zondo should've taken his grievances to the president. Couple of months ago I came across a recommendation about Evelynclark777 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great.

We all benefit from constructive criticism.Kekana Reports Anger DStv Prem Club Jan 16, 2022 - 08:55 am By Soccer Laduma A DStv Premiership outfit is angered by reports linking former Mamelodi Sundowns midfielder Hlompho Kekana with the club, as the veteran player is expected to find a new home in the coming weeks after leaving Chloorkop.Premium 13 January 2022 - 05:00 The Zondo commission says the evidence it has gathered over four years amounts to one petabyte of data.Premium 13 January 2022 - 05:00 This is going to be a torrid year for SA politics.

In this weekly letter, I’ve criticised freely and often. But it is always important to get one’s facts straight when doing so. Read: Yeye Surfaces Abroad, Club Confirms Why Speaking to the Siya crew, an insider at Royal AM who spoke on condition of anonymity said they are not happy about the the club’s name being linked with players who are not part of their plans. BLSA (and often me personally) has faced much criticism over consulting firm Bain, which is a member, since the publication of the first Zondo Commission report.. Much of this has been ignorant of the facts, poorly informed, sensationalist and not even vaguely constructive. The club is busy making decisions on players leaving and those that are likely to join but Hlompho hasn’t been mentioned in any of the discussions. I completely understand there is much anger at Bain following the Zondo Commission report, as there should be..

What Bain did at Sars was highly damaging and every South African is right to be angry.  Read: P irates Set For Further Boost With Returning Stars? Kekana has been a free agent since parting ways with Sundowns in November and the Zebediela-born player has previously said that he believes that he has two more seasons left in him before retiring from professional football. 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. But we need to channel this anger properly. The criticism has claimed variously that BLSA has “embraced” or “defended” Bain following the Zondo Commission. This is nonsense. The facts are that in 2018 following revelations at the Nugent Commission, BLSA suspended Bain, adding it to previous suspensions related to state capture, including KPMG, Transnet and Eskom.

That suspension was directly in response to the actions of Bain at SARS – the same actions that the Zondo Commission has highlighted in its report. BLSA acted swiftly and publicly condemned the misconduct over three years ago. This was certainly no embrace or defence. It reflected our absolutely clear view that our members must reflect the high standards of the integrity pledge that they made to fight against corruption. In much of the criticism directed at us, these actions in response to what Bain did are not mentioned.

Why not? In the two and a half years after Bain’s suspension, BLSA had several engagements with Bain in which we set out our views on what the company had to do to regain the trust of BLSA. Among the steps we required was that Bain pay back all the fees it took from SARS with interest. It has been said that was not enough – there are damages that should also be compensated and we agree. At no point did we say refunding the fees should be the end of it and those who suggest so are tilting at windmills. In mid-2021, Bain met with the BLSA board and outlined all the institutional reforms it had undertaken.

Bain convinced us that these were material and would allow it to again meet the standards we expect of it. The question was whether Bain could meet the requirements of our integrity pledge and our view, which was not developed lightly, was “yes”. That in no way detracts from the issues at SARS. To say that an institution now has in place the appropriate processes and structures obviously does not amount to a claim that it always did and that it somehow should be absolved from consequences for past acts. We have on numerous occasions said that the executives who were involved in the state capture project should be brought to book.

So, the claim that BLSA is defending Bain is deliberately ignorant of the facts. We made clear our views on Bain’s activities at SARS. Those views are unchanged. We fully support the Zondo Commission’s recommendation that Bain’s contracts with the public sector be investigated and all legal remedies pursued. Not only do we support it in sentiment, but we do so through actions including supporting the strengthening of the criminal justice system to deal with such cases.

We were as shocked and disappointed as any other South African at what happened at SARS. And we took action. Our actions supported corrections in that company. That is the influence we intend to have, and the possibility of renewed membership is a catalyst to drive change. Is there fair criticism that should be made of us? Of course there is – our actions don’t always lead to the outcomes we want.

But such criticism must be realistic about what our capabilities are. We do not have any of the powers of the criminal justice system – to investigate or punish transgressors. We are a business organisation and fundamentally forward looking. We expect high standards of our members and we act when evidence comes to light that they do not live up to them. We did that in the case of Bain.

BLSA is certainly not here to vouch for Bain – it must speak for itself. But I can say that BLSA interrogated and continues to interrogate members to ensure they comply with the standards we expect. We may not know all the material facts and we always welcome information that will help us in this mission. As new information comes to our attention, we will act again. BLSA strongly endorses the recommendations the Zondo Commission has made.

BLSA is actively working to make real the wish we all share for justice following the years of state capture. In our efforts we welcome fair criticism. But let’s ensure the anger we feel now is directed at the right places. In yesterday’s Sunday Times, journalist Chris Barron quoted me regarding our offer of support to the National Prosecuting Authority. BLSA is committed to ensuring our criminal justice system is effective so that it can pursue justice, not only on state capture but all criminal activity.

We have no interest in interfering with the NPA’s work, only in supporting its capacity that has been so severely damaged. Alongside our Business Against Crime project, this is one area where we are walking the talk. Busi Mavuso is CEO Business Leadership South Africa. jQuery(document).on('click', 'a[href*="#to-comments"]', function (event) { event.

preventDefault(); jQuery('html, body').animate({ scrollTop: jQuery(jQuery.attr(this, 'href')).offset().top }, 500); }); jQuery(document).

ready(function () { jQuery('img[class*="wp-image-"]').bind('click', function () { jQuery(this.parentElement).lightBox({ imageLoading:"https://www.moneyweb.

co.za/wp-content/themes/moneyweb-domination/images/spinner_moneyweb.gif", imageBtnPrev:"https://www.moneyweb.co.

za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", imageBtnNext:"https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.

png", }) }); function getSelectedText() { if (window.getSelection) { var range=window.getSelection(); return range.toString() } else { if (document.selection.

createRange) { var range=document.selection.createRange(); return range.text } } } function createTweetLink(text, e) { var oldTweetLink=document.getElementById("tweetLink"); if (oldTweetLink !=null && typeof oldTweetLink !="undefined") { oldTweetLink.

parentNode.removeChild(oldTweetLink); } if (text==="") return undefined; var newTweetLink=document.createElement("a"); newTweetLink.href="https://twitter.com/intent/tweet?text=" + encodeURI(text) +"&url=https://www.

moneyweb.co.za/news/south-africa/the-anger-towards-bain-following-zondo-report-is-justified-mavuso/&via=Moneyweb"; newTweetLink.id="tweetLink"; newTweetLink.target="_blank"; newTweetLink.

innerHTML=' Tweet'; var appendedTweetLink=document.getElementById("article-body-content").appendChild(newTweetLink); var x=(e.clientX + 5) + 'px', y=(e.clientY + 5) + 'px'; jQuery(appendedTweetLink).

css({ "top": y, "left": x }); return newTweetLink; } var textParagraph=document.getElementById("textParagraph"); if (textParagraph) { textParagraph.addEventListener("mouseup", function (e) { tweetLink=createTweetLink(getSelectedText(), e); }, false); } }); .