The Helen Suzman Foundation (HSF)has called on the government in South Africa to follow the lead of its adversaries in the UK and ban consultancy Bain & Co the role it played in facilitating the capture of the SA Revenue Service during the Jacob Zuma years.
The Helen Suzman Foundation has called on the government in South Africa to follow the lead of its adversaries in the UK and ban consultancy Bain & Company for the role it played in facilitating the capture of the South African Revenue Service during the Jacob Zuma years.
Labour peer and veteran anti-apartheid campaigner Hain has long called for repercussions for the firm and other international businesses that were implicated in the practice known locally as state capture, which the government estimates cost the country R500 billion, Bloomberg reported. Bain, it said, earned this sanction for its role in the fraudulent restructuring and dismantling of the South African Revenue Services , one of the most notorious episodes in the “State Capture” period.The HSF paid tribute to whistleblower Athol Williams and Hain for their efforts in securing the sanction.
The foundation said that the UK’s action must only be the first of its kind and Hain has already announced his intention to turn his focus to the United States, where Bain has its headquartersed, to secure further sanctions.
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