Treasury says Bain has much more to answer for

2022/01/19 09:34:00

Treasury says Bain has much more to answer for

Treasury says Bain has much more to answer for

Deputy director-general Ismail Momoniat calls for scrutiny of all the consultancy’s public sector contracts

Thando MaekoHours after Bain & Co withdrew its membership of Business Leadership SA (https://www.businesslive.co.za/bd/national/2022-01-18-bain-withdraws-from-blsa/) (BLSA), Treasury deputy director-general Ismail Momoniat called for scrutiny of all of the US consultancy’s contracts with the public sector.

Momoniat, who has previously criticised the firm for its failure to co-operate with the Nugent commission, which was set up in 2018 to probe governance failures at the SA Revenue Service (Sars), told Business Day on Tuesday that many executives still at the firm bore criminal liability for the attempted destruction of Sars, a post-apartheid institution that was once regarded as among the best in the world...

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The anger towards Bain following Zondo report is justified: MavusoWhat 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

BREAKING NEWS: Bain withdraws from BLSAImplicated in the state capture report for its part in the harm caused to Sars, Bain has withdrawn its membership from the SA business organisation How does a company benefit from being a member of BLSA

Tainted Bain leaves BLSA | Whistleblower Athol Williams commentsDisgraced management consultancy Bain and Company has withdrawn from Business Leadership SA. The firm has been linked to alleged corruption for work it did for SARS. The State Capture Inquiry's first report, released this month, was scathing in its assessment of Bain's consultancy work for the revenue agency. Corruption whistleblower and author, Athol Williams chats to Dan Moyan about this. Good riddance This was inevitable. Let them regroup, reflect on the damage done, get rid of those people that have no moral compass. Who knows, they could come back one day and do something good for the country. I really appreciate all your efforts with the little Startup of $5,250 with all joy over me after withdrawing $10,000 with the help of Arlene_riggio

Bain&Co voluntarily quits Business Leadership SABain was previously suspended as a BLSA member in September 2018.

Bain withdraws from BLSAImplicated in the state capture report for its part in the harm caused to Sars, Bain has withdrawn its membership from the SA business organisation 🔒 Wait, the same BLSA that offered to assist Hawks with State Capture. 🤔

Athol William, Lord Peter Hain react to Bain SA's withdrawal from BLSAWill corporate companies who were involved in State Capture in South Africa ever really be held to account? That is something concerning many South Africans ... I really appreciate all your efforts with the little Startup of $5,250 with all joy over me after withdrawing $10,000 with the help of Arlene_riggio

19 January 2022 - 05:10 Thando Maeko Hours after Bain & Co withdrew its membership of Business Leadership SA (https://www.We all benefit from constructive criticism.18 January 2022 - 11:40 Thando Maeko Facing backlash for its involvement in the erosion of the SA Revenue Service (Sars) under state capture, US-based management consultancy firm Bain has withdrawn its membership from Business Leadership SA (BLSA)..

businesslive.co. But it is always important to get one’s facts straight when doing so.za/bd/national/2022-01-18-bain-withdraws-from-blsa/) (BLSA), Treasury deputy director-general Ismail Momoniat called for scrutiny of all of the US consultancy’s contracts with the public sector.. Momoniat, who has previously criticised the firm for its failure to co-operate with the Nugent commission, which was set up in 2018 to probe governance failures at the SA Revenue Service (Sars), told Business Day on Tuesday that many executives still at the firm bore criminal liability for the attempted destruction of Sars, a post-apartheid institution that was once regarded as among the best in the world. Much of this has been ignorant of the facts, poorly informed, sensationalist and not even vaguely constructive..

. What Bain did at Sars was highly damaging and every South African is right to be angry. Already subscribed? Simply sign in below. B Premium This article is reserved for our subscribers. 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. The criticism has claimed variously that BLSA has “embraced” or “defended” Bain following the Zondo Commission. Already subscribed? Simply sign in below. . 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.