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'Firms implicated in state capture shouldn't be allowed to do business in SA'

18 January 2022 8:57 PM
Tags:
State Capture
Corruption
The Money Show
Bruce Whitfield
BMF
Business Leadership SA
Black Management Forum
state capture report
BLSA
Zondo commission
Busi Mavuso
Esethu Mancotywa
private sector and state capture

Ray White talks to Esethu Mancotywa, Deputy President of the Black Management Forum (BMF), about its statement.
FILE: Acting Chief Justice Raymond Zondo handed the first part of the state capture report over to President Cyril Ramaphosa at the Union Buildings in Pretoria on 4 January 2022. Picture: GCIS.

The Black Management Forum (BMF) wants companies fingered in the State Capture Report to be expelled from doing business in South Africa.

"Whilst corruption in South Africa has been made to be synonymous with the public sector and government, what this report has starkly revealed, is the complicity of the private sector in aiding and abetting State Capture" the BMF says in a statement.

RELATED: Bain drops membership of Business Leadership SA amid state capture fallout

It says the spotlight needs to be shone on not only the local companies implicated, but also the multinationals.

The BMF is of the view that all companies who are fingered by the Report must be expelled from doing business in the country for their facilitation in weakening the organs of the State. This action will send a strong message to the private sector in the country and to the international business community, that their influence must be informed by the principles of justice, equity, and fairness.

Statement by Black Management Forum

The companies and individuals involved must be prosecuted and sanctioned accordingly, even if they have paid back the money.

Statement by Black Management Forum

Does the BMF then believe that Bain & Company should have been expelled a long time ago? Ray White asks Forum Deputy President Esethu Mancotywa.

RELATED: BLSA showing SA the middle finger by defending Bain - Athol Williams

She says Business Leadership South Africa's (BLSA) stance has opened conversations to understand the thinking behind its logic.

This is not a BMF-against Busi Mavuso issue... We have a great respect for Mavuso and members of the BLSA board... but honestly, we just fail to understand...

Esethu Mancotywa, Deputy President - Black Management Forum

There are a number of factors that simply don't convince us of these 'reforms' that have supposedly taken place within Bain that allow BLSA to really stick their necks out for this entity...

Esethu Mancotywa, Deputy President - Black Management Forum

Mancotywa recalls whistle-blower Athol Williams (former Bain senior partner) saying Bain was not very cooperative with either the Nugent or Zondo Commissions.

It doesn't give us a sense that... they were remorseful about this.

Esethu Mancotywa, Deputy President - Black Management Forum

Listen to Mancotywa's argument in the audio clip below:


This article first appeared on CapeTalk : 'Firms implicated in state capture shouldn't be allowed to do business in SA'




18 January 2022 8:57 PM
Tags:
State Capture
Corruption
The Money Show
Bruce Whitfield
BMF
Business Leadership SA
Black Management Forum
state capture report
BLSA
Zondo commission
Busi Mavuso
Esethu Mancotywa
private sector and state capture

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