Bain and company
Bain withdraws from Business Leadership SA, apologises for aiding state capture
The US firm has been tied to alleged controversies in recent years related to work it had done for the South African Revenue Service (Sars).
Williams said that while the lid had been lifted on corruption in the company, not enough was being done now to clear out the rot.
Former Bain partner, Atholl Williams, has presented statements from various employees who said that they were uncomfortable with the work they were doing at the South African Revenue Services ( Sars).
Former Bain partner Athol Williams testified at the Zondo Commission on 23 March 2021. Williams, who delivered Sars-related evidence, said that several meetings were held between Bain and former President Jacob Zuma. Bain is a US-based management consultancy firm that was appointed by former Sars commissioner, Tom Moyane.
Boston-based firm, Bain and Company, was appointed by former South African Revenue Services commissioner, Tom Moyane, to develop an operating model.
The witness says the anti-corruption unit she led was graded as the best in the government, yet its structure and reporting lines were changed.
Evidence leader Carol Steinberg referred to a handful of at least eight meetings Tom Moyane had with Bain officials.
Tom Moyane appointed Bain to restructure Sars, and it’s been credited with introducing numerous inefficiencies and leading to a tax under-collection.
The commission, led by retired Judge Robert Nugent, is investigating tax administration and governance under suspended Sars commissioner Tom Moyane’s leadership.
Sars acting commissioner, Mark Kingon, discusses the revenue service's reaction to Massone’s revelation that he met with Tom Moyane to discuss the institution a year before the suspended commissioner’s appointment.
The first set of public hearings allowed former Finance Minister Pravin Gordhan and former executives such as Gene Ravele to set the tone for the damage done to Sars.