Bain chief crafted Moyane’s agenda
Nugent inquiry told of move to ‘refresh’ tax agency, based only on publicly available information
Bain & Co partner Vittorio Massone provided suspended SA Revenue Services (SARS) commissioner Tom Moyane with a new structure for the agency before either men even set foot at SARS. Evidence at the commission of inquiry chaired by retired judge Robert Nugent on Tuesday appeared to suggest that far from being misled and have its work used for a sinister agenda, Bain, one of the world’s top three consultants, helped craft plans that weakened the agency so much that South Africans eventually paid the price through higher taxes as the government struggled to plug resultant revenue shortfalls, which were also due to a weakening economy. In another twist, Massone failed to pitch at Tuesday’s hearing as expected, with the commission being told that he was ill and receiving treatment in his native Italy. Nugent said failing to fix SARS would have dire consequences. It also emerged that Bain misled the public about the corrective action it said it was taking. While the firm said it would be ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.