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Bain & Company Statement:

Bain & Company Statement:

RESPONSE TO TREASURY RESTRICTION ON BAIN WORK FOR STATE  

Johannesburg29 September 2022We deeply regret the mistakes made in the procurement and execution of Bain South Africa‘s  (Bain SA) work with SARS between 2015 and 2017. SARS was – and remains – a critical institution and a source of pride for us as South Africans. We are embarrassed that this could have occurred in the first place and are angry that our work was used by others to damage a critical institution and South Africa.

We have acknowledged and apologised publicly for the mistakes that were made and we accept that there must be consequences for those mistakes.

We repaid to SARS all fees plus interest prior to the completion of the Nugent Commission in 2018 and have not pursued any public sector work since 2019, nor did we have plans to do so in the future.

We note National Treasury’s decision to restrict Bain SA from any public sector work for 10 years effective September 2022 based our work with SARS which ended in 2017.

We disagree with the ban and are considering our options in response to this decision. We had already reached out to various stakeholders, including Treasury and SARS, to engage in further dialogue. Despite this outreach, we were given no notice of or opportunity to respond to the restriction prior to its apparent implementation.

There is no evidence that Bain colluded with SARS or engaged in any corrupt and fraudulent practices. While we acknowledge that Bain SA was aware of the request for proposal (RFP) before it was formally issued (as detailed on www.bain.com/sars), we have found no evidence, nor has any been produced, that Bain manipulated the procurement process in any way to exclude other bidders or specifically advantage Bain. This process was wholly run by SARS.

Bain SA competed for the bid award alongside other candidates pursuant to a competitive tender process and was awarded the contract in January 2015. At the time of the investigation, Baker McKenzie asked SARS for additional information regarding the procurement process which only SARS had access to, but SARS never responded to the request.

The new Bain South Africa leadership is determined to make sure that the events of the past can never be repeated. In line with the public commitment we made in our recent appeal for constructive dialogue, we will continue reaching out to key stakeholders to engage openly and honestly on a way forward. This includes doing what is required to restore our standing with the South African government and other stakeholders over time and to be a force for good in the country.

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À propos de Bain & Company

Bain & Company est le cabinet de conseil international qui accompagne les dirigeants ambitieux pour transformer leurs entreprises en pionnières du monde de demain.  

À travers 64 bureaux dans 39 pays, nous faisons équipe avec nos clients autour d’une ambition commune : atteindre des résultats exceptionnels qui leur permettent de dépasser la concurrence et de redéfinir leur secteur. En appui de nos expertises intégrées et personnalisées, nous proposons aux entreprises l’accès à un écosystème dynamique qui rassemble les acteurs du digital et de la technologie les plus innovants. Grâce à cette approche, les résultats obtenus par nos clients sont supérieurs, plus rapides et plus durables.

À travers notre engagement d’investir plus d’un milliard de dollars sur 10 ans dans des activités bénévoles, nous mobilisons nos talents, ressources et expertises auprès d’associations et organismes à but non lucratif pour répondre aux défis urgents qui s’imposent en matière d’éducation, d’équité raciale et sociale et de développement économique et environnemental.   

Depuis la fondation de Bain & Company en 1973, nous mesurons notre succès à l’aune de celui des entreprises qui nous font confiance : nous sommes fiers de bénéficier du taux de recommandation le plus élevé de notre secteur du conseil.  

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