Bain & Company South Africa released a statement in which it asked the government to repeal a decision to ban the company from doing business with the state for 10 years. The decision was made because Bain has been implicated in state capture, but the company insists it is innocent.
It also claimed: “There is no evidence Bain colluded with Sars or engaged in any corrupt and fraudulent practices.”
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PODCAST | Heard the joke about Bain & Company South Africa being a victim of state capture?Eusebius McKaiser invited Financial Mail deputy editor Natasha Marrian and Iraj Abedian, chief economist at Pan-African Investment & Research Services, to discuss the company’s claims. Tom Moyane is untouchable?
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