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South Africa Joins the UK in Banning Bain, Citing Fraud

  • South African public-sector contract ban to last 10 years
  • Bain allegedly helped weaken South African tax agency
Updated on

South Africa has banned Bain & Co. from bidding for public-sector contracts for a decade, following the lead of the UK, after the consulting firm was accused of helping government officials degrade the African country’s revenue service’s ability to probe tax evasion.

South Africa’s National Treasury said in a response to queries that the ban will last for a decade and relates to the company “engaging in corrupt and fraudulent practices related to a South African Revenue Service contract.” The UK in August banned Bain from public contracts for three years because of allegations related to the tax agency in the African country.