'Sorry, Taxpayers! We’ve replaced our Head, and we’ll pay back the money'

Tom Moyane at a press briefing in Johannesburg. Picture: Kayleen Morgan/EWN

Consultancy Bain & Co says it will pay back the R164 million it earned for work it was contracted to do at the South African Revenue Service (Sars), allegedly through an irregular tender process.

It admits the work was used for “a different agenda” than the intended one.

The company has also replaced its South African head Vittorio Massone.

Ray White (in for Bruce Whitfield on The Money Show) interviewed Pauli Van Wyk, a journalist with Scorpio at Daily Maverick.

In a recent article, Van Wyk showed how Bain & Co entered SARS with a premeditated goal, directed by Tom Moyane and sanctioned by Jacob Zuma.

Vittorio Massone met Tom Moyane to discuss changing Sars months before Moyane’s 'surprise' appointment as Commissioner … Massone and his team spent several days — tens of billable hours — in late 2013 to compile a document on changes Bain & Co would suggest at Sars. For free. To a man without an official government position and ostensibly no political power. [Bain & Co splurged on Moyane when he was acting as a 'lowly adviser' at Sita, after he was kicked out as Commissioner of Correctional Services.]

Pauli van Wyk, Scorpio at Daily Maverick

…Massone met then President Jacob Zuma at his homestead in Nkandla around December 2013, two Bain insiders told Scorpio…

Pauli van Wyk, Scorpio at Daily Maverick

Listen to the interview in the audio below (and scroll down for quotes from it).

No, it was not… [When asked if the tender was above board.]

Pauli van Wyk, Scorpio at Daily Maverick

They [Bain] have no clue about the business of Sars… They tried to force Sars into a model that wasn’t for South Africa…

Pauli van Wyk, Scorpio at Daily Maverick

Bain suggested the wrong model that fragmented and broke Sars…

Pauli van Wyk, Scorpio at Daily Maverick

Sars will never be able to recover in two years from what Bain has done…

Pauli van Wyk, Scorpio at Daily Maverick

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Tax ombud to probe Sars – yet again - after taxpayers complain

Tax ombud to probe Sars – yet again - after taxpayers complain

The Money Show’s Bruce Whitfield interviews Adv. Eric Mkhawane, CEO at the Office of the Tax Ombud.

The businesses that boomed and went bust on Business Unusual

The businesses that boomed and went bust on Business Unusual

Predictions, products and personalities featured in "Business Unusual" in the last three years.

Got debt? Why the Sarb probably won't have a nasty surprise in store on Thursday

Got debt? Why the Sarb probably won't have a nasty surprise in store on Thursday

To hike interest rates, or not to hike interest rates? Bruce Whitfield interviews Standard Bank Chief Economist Kevin Lings.

Hits from the bong (it’s legal!)… then off to work I go?

Hits from the bong (it’s legal!)… then off to work I go?

The consequences of consuming dagga at home and showing up at the office high. Bruce Whitfield interviews a labour lawyer.

The ANC cannot claim innocence - Mahlatsi Mahlase (Sanef)

The ANC cannot claim innocence - Mahlatsi Mahlase (Sanef)

The Money Show’s Bruce Whitfield interviews Mahlatsi Mahlase of the South African National Editors Forum (Sanef).

Comair reports record earnings, 72nd profitable year in a row – a world record!

Comair reports record earnings, 72nd profitable year in a row – a world record!

Recession, soaring fuel costs and surplus capacity - yet profits keep coming! Bruce Whitfield interviews Comair CEO Erik Venter.

Popular articles
DStv Premium on a downward spiral, warns tech guru

DStv Premium on a downward spiral, warns tech guru

DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, tech expert Arthur Goldstuck.

Athol Trollip: We respect the court's judgment

Athol Trollip: We respect the court's judgment

Trollip says the DA respects that NMB has a new government, saying that he has learned fundamental lessons about coalitions.

Breaking down Polycystic Ovarian Syndrome

Breaking down Polycystic Ovarian Syndrome

Lalla Hirayama is on a national awareness campaign to bring attention to Polycystic Ovarian Syndrome in South Africa.

Don't blame racism on illness says Eusebius

Don't blame racism on illness says Eusebius

Eusebius McKaiser says it is not unethical for the media to accurately quote the word k***ir if it was used by someone.

Kylie Jenner tries cereal with milk for the first time

Kylie Jenner tries cereal with milk for the first time

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

Tax ombud to probe Sars – yet again - after taxpayers complain

Tax ombud to probe Sars – yet again - after taxpayers complain

The Money Show’s Bruce Whitfield interviews Adv. Eric Mkhawane, CEO at the Office of the Tax Ombud.

[LISTEN] 'Lesufi has been attacking Afrikaans schools since 2014'

[LISTEN] 'Lesufi has been attacking Afrikaans schools since 2014'

The Freedom Front Plus says the Gauteng Education MEC has flouted school language policies and is destroying Afrikaans.