Treasury bans Bain and Co. from public sector contracts for a decade National Treasury has banned consultancy Bain & Co. from tendering for public sector contracts for a period of 10 years for engaging in "corrupt and fraudulent practices" related to its contract at the SA Revenue Service (SARS). The ban will run from 5 September 2022 until 4 September 2032. "This restriction has been published on the National Treasury website and database for restricted suppliers. The restriction will apply to any
Treasury bans Bain and Co. from public sector contracts for a decade
National Treasury has banned consultancy Bain & Co. from tendering for public sector contracts for a period of 10 years for engaging in "corrupt and fraudulent practices" related to its contract at the SA Revenue Service (SARS).
The ban will run from 5 September 2022 until 4 September 2032.
"This restriction has been published on the National Treasury website and database for restricted suppliers. The restriction will apply to any other contract for services awarded to Bain & Co in the public sector."
Treasury said it was, in collaboration with SARS, "in the process of restricting Bain & Co, South African Directors through a phased approach".
The decision to ban the company comes seven weeks after the UK government banned it from competing for state contracts for three years.
Using the information in the article, and additional research, conduct a macro/remote environmental analysis of Bain and Company using five macro environmental factors.
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