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State capture-implicated Bain & Company shuts down SA operations
State capture-implicated Bain & Company shuts down SA operations

The South African

time30-07-2025

  • Business
  • The South African

State capture-implicated Bain & Company shuts down SA operations

State capture-implicated international company Bain & Company has shut down its consultancy in South Africa just three years after being banned from doing business with the government. Bain & Co, which scored a R187 million contract to restructure the South African Revenue Service (SARS) following the appointment of Tom Moyane as commissioner in 2014, was part of the companies implicated in the Zondo Commission in 2022. According to the Financial Times, Bain confirmed it was winding down its consulting operations in South Africa, saying its Johannesburg office would become a services hub supporting its global operations, while retaining the vast majority of its local employees. The company has reportedly struggled to re-establish itself as a management consultancy group of integrity. In September 2022, the company was also banned by the National Treasury from doing business with the government for 10 years. Bain & Company's partner in South Africa, Athol Williams, blew the whistle on the corruption. During his testimony at the Zondo Commission, he suggested that the company, with the help of Moyane, had been embroiled in questionable activity at SARS and even accused Bain & Co of attempting to silence him. In 2021, Williams had to flee South Africa over fears for his safety after he blew the whistle on companies and individuals involved in state capture and testified before the Zondo Commission. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X, and Bluesky for the latest news.

Mural unveiled by Read to Rise in honour of Athol Williams
Mural unveiled by Read to Rise in honour of Athol Williams

IOL News

time02-05-2025

  • Entertainment
  • IOL News

Mural unveiled by Read to Rise in honour of Athol Williams

From left, Cape Town Deputy Mayor Eddie Andrews interacts with Mavis and Roscoe Williams at the launch of a mural along Eisleben Drive, Portlands, honouring Dr Athol Williams. Image: Alicia English Literacy organisation Read to Rise paid special tribute to its co-founder Dr Athol Williams on Monday at the official launch of a mural of the internationally acclaimed author and Oxford University professor, who is currently living abroad in exile. Measuring 10x8 metres, the mural was painted by artist Rizah Potgieter, and can be seen along Eisleben Drive, between Morgenster Drive and Silversands Avenue. Williams grew up and attended both primary and high school in Mitchell's Plain and was an avid baseball and soccer player before embarking on a successful international academic and business career. He has contributed to numerous other educational causes and schools, including his high school Westridge High. "In 2019, Dr Williams was inspired to establish the Cape Flats Book Festival in Mitchell's Plain because he believed that such festivals should not be the preserve of elite communities only. The annual festival now attracts writers from across the community and country, and thousands of attendees,' said Roscoe Williams, Read to Rise programme director. From left: Artist Rizah Potgieter, Read to Rise programme director Roscoe Williams, Athol Williams' mother, Mavis, and Read to Rise board chairperson Nicholas Williams at the official unveiling of the Athol Williams mural along Eisleben Drive in Portland. Image: Alicia English

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