Parliament building, was on fire and the true costs still to be determined. South Africa got a glimpse of the state capture report with damning revelations. Of particular was Dudu Myeni, the chair under whose watch SAA was laid. The report further named Tom Moyane, The destruction of the country’s tax agency. Bain was central to the conspiracy and not an innocent consultancy that saw its work abused by Sars insiders.
The unethical behavior in the report names KMPG, McKinsey, SAP and the banks HSBC, Standard Chartered and Baroda. It is odd that BLSA CEO Busi Mavuso seems to be singing from Bain’s hymn sheet. Has Bain and Co been involved in other state institutions Athol Williams asks! The commission is questioning Nedbank’s role regarding interest rate swap products worth R3.5bn bought by Acsa.
Economics and Finance SA 