First Take SA

Bain announces withdrawal from BLSA


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Controversial consultancy firm, Bain and Company, yesterday announced its withdrawal from Business Leadership South Africa (BLSA). The US firm has been linked to allegations of corruption related to work it did for the South African Revenue Service (Sars), pocketing millions of rands in what was subsequently declared as illegal in the State Capture Commission of Inquiry Report. The company has also apologized saying it was an "unwitting participant in a process that inflicted serious damage" on SARS. The scathing Zondo report found that Bain knew about the appointment of former SARS commissioner Tom Moyane before it was announced and assisted Moyane in crafting a planned restructuring at the tax agency before he even stepped foot into SARS.  Independent researcher and author Dr Dale McKinley has been keenly following the Zondo Commission and it's first report and gives us his perspective

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