NUGENT COMMISSION
Nhlanhla Nene and Bain to testify about Sars mayhem
Bain has come under fire during the inquiry, with tax officials arguing that there had been no consultation with senior officials
Finance minister Nhlanhla Nene and consultancy Bain & Co are set to give evidence this week at the commission of inquiry into governance and administration at the SA Revenue Service (Sars). The commission, chaired by retired judge Robert Nugent, has been hearing evidence on what led to a shortfall of about R100bn in recent years. Nene was finance minister during the overhaul of the Sars operating model, which led to the destruction of its large-business centre, its investigation and enforcement capacity on the illicit economy, and its customs compliance and litigation units. Sars is one of the most important institutions of the state, collecting revenue that is used to fund everything from education to welfare. Its limitations in recent years have been costly for citizens, who were subjected to the first increase in VAT for a quarter of a century in 2018 as the government sought to plug its budget deficit. For Bain, one of the world’s biggest consulting firms, this week’s hearings w...
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