Zondo Commission Communications: Media Statement

Zondo Commission Communications: Media Statement

Johannesburg - 31 March 2021 - Bain categorically denies it intentionally supported state capture in any way, or purposely withheld any relevant information from the authorities. Recent allegations by Mr Athol Williams, which are rooted in speculation and opinion, cover no new ground and offer no new facts beyond those already disclosed.

As we have consistently stated before, the global law firm Baker McKenzie carried out a thorough investigation, which was not limited in any manner. Their investigation was extensive and included a review of more than 250,000 documents along with 83 interviews conducted with 58 individuals, including former employees. After all this, we uncovered no evidence that Bain was involved in state capture, including at SARS.

Bain has taken comprehensive action to ensure that we do not repeat our past mistakes. We established a global whistleblower line, set up a global risk management team that oversees all public sector work, established a risk subcommittee on our Board of Directors, put in place an oversight board in Africa and appointed new senior leadership for South Africa and our broader African business. 

While we remain deeply sorry for any role that our work may have inadvertently played in what transpired at SARS, Bain is committed to operating with integrity, meeting the high standards our clients expect and making a positive contribution to South Africa.

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About Bain & Company 

Bain & Company is a global consultancy that helps the world’s most ambitious change makers define the future. 

Across 64 cities in 39 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today’s urgent challenges in education, racial equity, social justice, economic development, and the environment. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry.