Bain Shuts Scandal-Tainted South African Consulting Business

US-based Bain & Co to exit SA but remain part of B20

Consultancy says it will keep its offices in Joburg as a service hub supporting its global operations

Bain Shuts Scandal-Tainted South African Consulting Business

Bain & Co. is closing down its consultancy business in Johannesburg, likely bringing to an end a years-long battle to try and restore its reputation in Africa’s biggest economy following a 2022 ban.

FT: Bain finally closes down in SA after business collapses over corruption scandal

Bain closes SA consulting unit amid corruption fallout; Johannesburg office to support global operations as services hub.

Bain and Company officially shuts down consultancy operations after losing government trust in South Africa - TDPel Media

After years of controversy and damaged credibility, Bain & Company—the international consulting powerhouse—has officially closed its consultancy branch in South Africa. This comes just three years after it was banned from doing any work with the government. The fallout from the state capture saga continues to echo through the country’s business landscape, and Bain is the latest high-profile exit. From Major Contracts to Total Shutdown Bain & Co …

Bain & Company closes its South African operations

Bain & Company, the international firm implicated in state capture, has shut down its South African consultancy just three years after the government banned it from doing business. In 2014, Bain & Co secured a R187 million contract to restructure the South African Revenue Service (SARS) after Tom Moyane became commissioner. The Zondo Commission later implicated the firm in its 2022 findings. BAIN & COMPANY SHUTS DOWN SOUTH AFRICA CONSULTANCY Acc…

Bain & Company Closes South Africa Consulting Arm Amid State Capture Fallout

Global management consultancy Bain & Company has confirmed the closure of its consulting operations in South Africa, marking the end of a turbulent chapter in the firm’s history in the country. The decision follows years of reputational damage stemming from its controversial role in the dismantling of the South African Revenue Service (SARS) during former […] The post Bain & Company Closes South Africa Consulting Arm Amid State Capture Fallout a…