Bain & Co: ulterior motives for Sars revamp possible
The restructuring at Sars has emerged as a key factor that felled its capacity to collect revenue
International consultancy Bain & Co admitted that it could have been "used" for "other" purposes during the R164m restructuring of the SA Revenue Service (Sars), in a contract which was allegedly awarded irregularly. The restructuring at Sars has emerged as a key factor that felled its capacity to collect revenue — required to finance state spending — contributing to a shortfall of R49bn during suspended commissioner Tom Moyane’s tenure, according to evidence presented at the commission of inquiry into governance at the tax agency chaired by retired judge Robert Nugent. The second round of evidence focused on how Bain conducted its work. Bain SA’s managing partner, Vittorio Massone, admitted to the commission on Wednesday that the firm had consulted only 33 employees over six days before presenting a diagnostic report on overhauling Sars — a 14,000-strong organisation that took about 20 years to build. This was in January 2015 and the list of those the consultancy interviewed was pr...