Blacklist Bain, says Lord Hain

Loading player...
Former UK cabinet minister Lord Peter Hain wants the British government to suspend and ban global management consultancy firm Bain and Company from doing any further work in the UK. This after two commissions of inquiry in South Africa made scathing findings against the company. The Nugent Commission's report stated: “The SARS evidence is a clear example of how the private sector [Bain] colluded with the Executive, including President Zuma, to capture an institution that was highly regarded internationally and render it ineffective.” Hain, together with whistleblower Athol Williams, who fled South Africa in November 2021 after unearthing Bain's role in the calculated evisceration of SARS, held a "positive" meeting with cabinet minister Jacob Rees-Mogg. In a joint interview with BizNews, Hain and Williams explain their continued pressure on governments around the world to cut ties with Bain until it "comes clean". Learn more about your ad choices. Visit megaphone.fm/adchoices
21 Jul 2022 9AM English South Africa Investing · Business News

Other recent episodes

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up…
25 Jun 7AM 9 min

The BizNews Edge: Nedbank, Grindrod and the coal stock no one was watching

Nedbank confirmed its guidance this morning, and its East Africa deal is weeks from closing - a transformation most investors are still underpricing. Grindrod's Port of Maputo posted extraordinary volumes, but the share may already be priced for perfection. A small coal miner no one follows just disclosed an 1,800%…
24 Jun 8AM 26 min