• Home
  • Insight
  • Blog
  • Business
  • Entertainment
  • Health
  • Politics
  • Shop
    • Gift Shop
    • Value Shop
    • Store
    • Bargain Shop
    • Discount
  • Sports
  • Tech
  • Travel
  • USA
  • Video
  • World
    • Asia
    • Africa
    • South America
    • North America
    • Europe
    • Oceania
Thursday, August 20, 2026
No Result
View All Result
Subscribe Now
  • Home
  • Insight
  • Blog
  • Business
  • Entertainment
  • Health
  • Politics
  • Shop
    • Gift Shop
    • Value Shop
    • Store
    • Bargain Shop
    • Discount
  • Sports
  • Tech
  • Travel
  • USA
    “The End of Oak Street” does pastiche right

    “The End of Oak Street” does pastiche right

    NTSB releases new videos, images from deadly Philadelphia medical jet crash

    NTSB releases new videos, images from deadly Philadelphia medical jet crash

    Iran Calls Trump ‘Delusional’ After He Claims Hormuz a ‘New U.S. Territory’

    Iran Calls Trump ‘Delusional’ After He Claims Hormuz a ‘New U.S. Territory’

    IPOs for Open AI, Anthropic could unlock 0B for charity

    IPOs for Open AI, Anthropic could unlock $430B for charity

    Poll showing Bass leading Raman by double digits was bogus, company says

    Poll showing Bass leading Raman by double digits was bogus, company says

    Multiple people dead as flooding continues in Indiana : NPR

    Multiple people dead as flooding continues in Indiana : NPR

    Sophie Cunningham defends stance on biological men in women’s sports

    Sophie Cunningham defends stance on biological men in women’s sports

    Democrats Make South Carolina the First Contest in 2028 Presidential Primary Calendar

    Democrats Make South Carolina the First Contest in 2028 Presidential Primary Calendar

    Has the Left Really Met Its Limit? 

    Has the Left Really Met Its Limit? 

  • Video
  • World
    • Asia
    • Africa
    • South America
    • North America
    • Europe
    • Oceania
The Insight Post
  • Home
  • Insight
  • Blog
  • Business
  • Entertainment
  • Health
  • Politics
  • Shop
    • Gift Shop
    • Value Shop
    • Store
    • Bargain Shop
    • Discount
  • Sports
  • Tech
  • Travel
  • USA
    “The End of Oak Street” does pastiche right

    “The End of Oak Street” does pastiche right

    NTSB releases new videos, images from deadly Philadelphia medical jet crash

    NTSB releases new videos, images from deadly Philadelphia medical jet crash

    Iran Calls Trump ‘Delusional’ After He Claims Hormuz a ‘New U.S. Territory’

    Iran Calls Trump ‘Delusional’ After He Claims Hormuz a ‘New U.S. Territory’

    IPOs for Open AI, Anthropic could unlock 0B for charity

    IPOs for Open AI, Anthropic could unlock $430B for charity

    Poll showing Bass leading Raman by double digits was bogus, company says

    Poll showing Bass leading Raman by double digits was bogus, company says

    Multiple people dead as flooding continues in Indiana : NPR

    Multiple people dead as flooding continues in Indiana : NPR

    Sophie Cunningham defends stance on biological men in women’s sports

    Sophie Cunningham defends stance on biological men in women’s sports

    Democrats Make South Carolina the First Contest in 2028 Presidential Primary Calendar

    Democrats Make South Carolina the First Contest in 2028 Presidential Primary Calendar

    Has the Left Really Met Its Limit? 

    Has the Left Really Met Its Limit? 

  • Video
  • World
    • Asia
    • Africa
    • South America
    • North America
    • Europe
    • Oceania
No Result
View All Result
No Result
View All Result
Home South Africa

Bain barred from UK state contracts over ‘grave misconduct’ in S Africa

by Theinsightpost
August 2, 2022
in South Africa
0 0
0
Bain barred from UK state contracts over ‘grave misconduct’ in S Africa


Bain & Co, the Boston-based global management consultant, was on Tuesday hit with a three-year ban from tendering for British government contracts because of its “grave professional misconduct” in a major corruption scandal in South Africa.

Jacob Rees-Mogg, Cabinet Office minister, told Bain that the affair had rendered the company’s integrity “questionable” and that he was not convinced that it had taken its role in the scandal “sufficiently seriously”.

Britain is the first western country to impose such penalties on Bain for its role in the “state capture” scandal in South Africa and there is already pressure on the US to follow suit.

In a letter seen by the Financial Times, Rees-Mogg told James Hadley, Bain’s UK managing partner, that the three-year ban would apply retrospectively from January 4 2022. “I trust that after three years have elapsed Bain & Co will have restored its reputation,” he wrote.

Rees-Mogg’s intervention came after pressure from Lord Peter Hain, the veteran anti-apartheid campaigner, who had urged Boris Johnson’s government to punish Bain for its “despicable” behaviour.

Initially, Cabinet Office officials advised that no action against the company was necessary but Rees-Mogg sought further advice, including from an external QC.

He told Hadley that the company would be banned from Cabinet Office contracts under 2015 legislation on the basis that “Bain & Co is guilty of grave professional misconduct which renders its integrity questionable”.

Rees-Mogg, who will advise all government departments to apply the same three-year ban, said he was particularly concerned at the way Bain’s South African division “colluded” with the regime of former president Jacob Zuma to undermine the country’s revenue service.

The consultancy has been awarded UK public sector contracts worth up to £63mn since 2018, including £40mn-worth of Brexit consulting work for the Cabinet Office, but the damage to the company will be mainly reputational.

In a letter in February to Hain, the then Cabinet Office minister Steve Barclay wrote that the firm was “not a strategic supplier to the government and is not currently undertaking any substantial work for the government”. 

Hain said: “I’m very pleased. This sets down a marker for all companies which behave in an unlawful, unethical and unprofessional way that they won’t be able to tender for government contracts.

“I commend Jacob Rees-Mogg for doing this and I want the US government to do the same thing.”

Bain said: “We were disappointed and surprised by the minister’s decision . . . We will be responding to express our concern about the process and its outcome and to address inaccuracies in his letter.

“If necessary, we will then consider other options for review of the decision. In the meantime, we will continue to work with the Cabinet Office to ensure that we do what is required to restore our standing with the UK government.”

Earlier this year an inquiry into South Africa’s biggest post-apartheid corruption scandal found that Bain had helped to undermine the country’s revenue service through advisory work that aided Zuma’s allies.

Bain’s work on a restructuring of the South African revenue service was “a clear example of how the private sector colluded” with the breakdown of public institutions, said the inquiry.

It added that Bain sought to use a relationship with Zuma to acquire further government business.

Bain has previously admitted failings in its work in South Africa and repaid fees, but said that the inquiry’s findings mischaracterised its activities. Zuma has denied any involvement in corruption.

Recommended

Other international consulting firms have been embroiled in corruption scandals in South Africa.

McKinsey agreed in 2020 to repay about R650m ($39mn) over irregularities in contracts it had entered into with a local partner at government-owned companies.

Auditor KPMG apologised in 2017 for “mistakes” in work for businesses linked to the Gupta family, accused of serious corruption through ties to Zuma.

UK public relations firm Bell Pottinger was brought down by its work for the Guptas, which led to accusations that it had stoked racial tensions in South Africa.

Banning a company from bidding for public sector contracts is rare. Security group G4S was temporarily barred in 2013 after overcharging the government for the electronic tagging of criminals, some of whom were dead or still in prison.

Consultancy Deloitte stopped pitching for public work for six months in 2016 after a note was leaked in which its consultants criticised the government’s Brexit strategy.



Source link

ShareTweetSend
Previous Post

Live news updates: First grain ship from Ukraine reaches Turkey after months-long blockade

Next Post

Snoop Dogg and Kenya Barris Team for 'The Underdoggs' Comedy for MGM | Billboard News – Billboard

Related News

UN rights chief hails Pope’s ‘timely’ AI appeal
South Africa

UN rights chief hails Pope’s ‘timely’ AI appeal

May 27, 2026
How to choose the right business travel agency – The Mail & Guardian
South Africa

How to choose the right business travel agency – The Mail & Guardian

May 27, 2026
BP fires chair over ‘serious’ concerns
South Africa

BP fires chair over ‘serious’ concerns

May 26, 2026
Jelly Express Is New, but Its Millionaire Wins Are Already Loud – The Mail & Guardian
South Africa

Jelly Express Is New, but Its Millionaire Wins Are Already Loud – The Mail & Guardian

May 26, 2026
Next Post
Snoop Dogg and Kenya Barris Team for 'The Underdoggs' Comedy for MGM | Billboard News – Billboard

Snoop Dogg and Kenya Barris Team for 'The Underdoggs' Comedy for MGM | Billboard News - Billboard

Discussion about this post

Subscribe To Our Newsletters

    Customer Support


    1251 Wilcrest Drive
    Houston, Texas
    77042 USA
    Call-832.795.1420
    e-mail – news@theinsightpost.com

    Subscribe To Our Newsletters

      Categories

      • Africa
      • Africa-East
      • African Sports
      • American Sports
      • Arts
      • Asia
      • Australia
      • Business
      • Business Asia
      • Business- Africa
      • Canada
      • Defense
      • Education
      • Egypt
      • Energy
      • Entertainment
      • Europe
      • European Soccer
      • Finance
      • Germany
      • Ghana
      • Health
      • Insight
      • International
      • Investing
      • Japan
      • Latest Headlines
      • Life & Living
      • Markets
      • Mobile
      • Movies
      • New Zealand
      • Nigeria
      • Politics
      • Scholarships
      • Science
      • South Africa
      • South America
      • Sports
      • Tech
      • Travel
      • UK
      • USA
      • Weather
      • World
      No Result
      View All Result

      Recent News

      What Slow Quotes Cost Manufacturers

      What Slow Quotes Cost Manufacturers

      August 20, 2026
      Anthony Albanese tells the AFL to ‘do better’ in response to Swans scandal

      Anthony Albanese tells the AFL to ‘do better’ in response to Swans scandal

      August 20, 2026
      What it really takes to accelerate adolescent literacy across our district

      What it really takes to accelerate adolescent literacy across our district

      August 20, 2026
      THE BEST UPCOMING MOVIES IN MAY 2026 (Trailers)

      THE BEST UPCOMING MOVIES IN MAY 2026 (Trailers)

      August 20, 2026
      • Home
      • Advertise With Us
      • About Us
      • Corporate
      • Consumer Rewards
      • Forum
      • Privacy Policy
      • Social Trends

      Theinsightpost ©2026 | All Rights Reserved. Theinsightpost is an Elnegy LLC company, registered in Texas, USA

      Welcome Back!

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In

      Add New Playlist

      We are using cookies to give you the best experience on our website.

      You can find out more about which cookies we are using or switch them off in .

      No Result
      View All Result
      • Home
      • Insight
      • Blog
      • Business
      • Entertainment
      • Health
      • Politics
      • Shop
        • Gift Shop
        • Value Shop
        • Store
        • Bargain Shop
        • Discount
      • Sports
      • Tech
      • Travel
      • USA
      • Video
      • World
        • Asia
        • Africa
        • South America
        • North America
        • Europe
        • Oceania

      Theinsightpost ©2026 | All Rights Reserved. Theinsightpost is an Elnegy LLC company, registered in Texas, USA

      The Insight Post
      Powered by  GDPR Cookie Compliance
      Privacy Overview

      This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

      Strictly Necessary Cookies

      Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

      Cookie Policy

      More information about our Cookie Policy