Statement from Bain & Company on the Zondo Commission of Inquiry

Statement from Bain & Company on the Zondo Commission of Inquiry

Johannesburg – 5 January 2022 – Bain & Company notes the findings of Part I of the Zondo Commission’s report.

While we remain supportive of the Commission and its work, we are disappointed that Part I of the Commission’s report mischaracterizes Bain’s role at SARS:

  • While we made mistakes in our work with SARS, we remain confident that we did not in any way wilfully or knowingly support state capture at SARS or elsewhere.
  • There are no new facts considered in this report; the report relies heavily on the affidavit and testimony of one witness who admitted to having “no first-hand knowledge” of Bain’s work at SARS. Bain submitted two detailed affidavits to the Commission, neither of which appear to have been factored into the report.

Bain has offered full cooperation to enforcement authorities and will continue to do so.

About Bain & Company

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

Across 63 offices in 38 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. We earned a gold rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 2% of all companies. 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.