Consultancy Bain & Co says it will pay back the R164 million it earned for work it was contracted to do at the South African Revenue Service (Sars), allegedly through an irregular tender process.
It admits the work was used for “a different agenda” than the intended one.
The company has also replaced its South African head Vittorio Massone.
In a recent article, Van Wyk showed how Bain & Co entered SARS with a premeditated goal, directed by Tom Moyane and sanctioned by Jacob Zuma.
Vittorio Massone met Tom Moyane to discuss changing Sars months before Moyane’s 'surprise' appointment as Commissioner … Massone and his team spent several days — tens of billable hours — in late 2013 to compile a document on changes Bain & Co would suggest at Sars. For free. To a man without an official government position and ostensibly no political power. [Bain & Co splurged on Moyane when he was acting as a 'lowly adviser' at Sita, after he was kicked out as Commissioner of Correctional Services.]— Pauli van Wyk, Scorpio at Daily Maverick
…Massone met then President Jacob Zuma at his homestead in Nkandla around December 2013, two Bain insiders told Scorpio…— Pauli van Wyk, Scorpio at Daily Maverick
Listen to the interview in the audio below (and scroll down for quotes from it).
No, it was not… [When asked if the tender was above board.]— Pauli van Wyk, Scorpio at Daily Maverick
They [Bain] have no clue about the business of Sars… They tried to force Sars into a model that wasn’t for South Africa…— Pauli van Wyk, Scorpio at Daily Maverick
Bain suggested the wrong model that fragmented and broke Sars…— Pauli van Wyk, Scorpio at Daily Maverick
Sars will never be able to recover in two years from what Bain has done…— Pauli van Wyk, Scorpio at Daily Maverick
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