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Times Live Global consultancy firm Bain & Co has been prohibited from doing business with the state for 10 years, the National Treasury said on
Times Live Global consultancy firm Bain & Co has been prohibited from doing business with the state for 10 years, the National Treasury said on Thursday. The effective date of restriction is September 5, 2022, until September 4, 2032, for engaging in corrupt and fraudulent practices related to a SA Revenue Service (Sars) contract, said the Treasury. The ban comes after the Zondo commission of inquiry into state capture and the Nugent commission found Bain & Co had played a part in dismantling Sars. The Treasury said the restriction had been published on its website and database for restricted suppliers. The UK has also banned Bain & Co from government contracts for three years because of its actions in SA
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