Forget the PR gloss, Bain, tell us the whole truth about Sars
The firm's 'remedial plan' shows its unrepentant stance in obfuscating its liability in the state capture scandal
Bain & Company partner Athol Williams’s article “Jump into the fire to quell corporate pyre” (Business Day, June 27 2019) justifies his choice to rejoin the company when “many are running from Bain”, but fails to answer the real question facing him and the company’s leadership in Boston: when will Bain tell the whole truth about its role in attempting to capture and destroy the capacity of the SA Revenue Service?
Bain’s contribution in facilitating state capture in SA is unforgivable. We must not be blinded by Bain’s PR gloss, which is now in full swing. Bain’s role in “restructuring” Sars in 2014 not only nearly destroyed Sars but also destroyed the livelihood of many officials it identified “to neutralise”.
The damage to Sars’s capacity to collect revenue not only significantly damaged our fiscal framework and economy, but further entrenched the devastating inequality that defines our nascent democracy. Bain deliberately plotted to reverse the hard work between 1994 and 2014 to build tax morality and Sars into a world-renowned revenue-collection agency...