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Treasury bans Bain and Co. from public sector contracts for a decade
National Treasury has banned consultancy Bain & Co. from tendering for public sector contracts for
a period of 10 years for engaging in "corrupt and fraudulent practices" related to its contract at the
SA Revenue Service (SARS).
The ban will run from 5 September 2022 until 4 September 2032.
"This restriction has been published on the National Treasury website and database for restricted
suppliers. The restriction will apply to any other contract for services awarded to Bain & Co in the
public sector."
Treasury said it was, in collaboration with SARS, "in the process of restricting Bain & Co, South
African Directors through a phased approach".
The decision to ban the company comes seven weeks after the UK government banned it from
competing for state contracts for three years.
Source: Cronje, J. 2022. Treasury bans Bain and Co. from public sector contracts for a decade.
Available from: https://www.news24.com/fin24/companies/breaking-treasury-bans-bain-cofrom-public-sector-contracts-for-a-decade-20220929 (accessed 25 October 2022).
With a relevant example, explain uncertain decision-making conditions with
application to Bain and Company.
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