International consultancy Bain & Co has launched an internal investigation into its work for the SA Revenue Service (Sars) after shocking information emerged at the commission of inquiry into governance at the tax agency. The company’s overhaul of the Sars operating model was blamed by senior officials testifying at the commission chaired by retired judge Robert Nugent for the destruction of the tax agency’s capacity — which contributed to the hole of about R50bn in revenue collection for 2017-18. The information raises concern about the role played by private sector consultants in the audacious attempt to hollow out the state and neutralise key institutions during the Jacob Zuma administration. McKinsey and audit firm KPMG have also launched internal investigations into allegations that some of their employees made state capture possible. On Sunday, Bain confirmed that it has launched an investigation to establish the "facts" about the work it did for Sars. The probe will be conduc...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.