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. With a relevant example, explain uncertain decision-making conditions with application to Bain and Company.
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.
With a relevant example, explain uncertain decision-making conditions with application to Bain and Company.
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