Bain keeps giving SA pain, but not for much longer thanks to

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Bain keeps offering SA discomfort, but not for a lot more time many thanks to Hain

My colleague Mike Appel experienced a super interview yesterday with London-primarily based South Africans Peter Hain and Athol Williams. Each of them reside in the United kingdom possessing been pressured to go away the land of their beginning. 

Lord Hain’s story is very well recognized. Williams, on the other hand, only lately emerged into the spotlight. He is the whistleblower who exposed large malfeasance by Bain & Co at the Zondo Commission. The American consultancy was in cahoots with the Zuptas and engineered their capture of the SA Revenue Solutions. 

There is a lot in the interview, together with the superior news that Hain now has the ear of forthright British isles Cupboard Minister Jacob Rees-Mogg. Worrying, while, was Williams’ disclosure that Bain’s South African small business is booming. To the extent that the firm’s SA procedure has just relocated into extravagant new places of work.

Disgrace on public enterprises that maintain pouring tens of millions into the coffers of a organization that pretty much ruined SARS. Doubly so on Sasol, a supposed SA champion, which Williams says is paying out hundreds of tens of millions to Bain. Seems the flip-floppers in Pretoria (and Sandton) have shorter memories. A lot of many others do not. Hain and Williams are worthy of our support. Sasol petrol stations, not.

View: BizNews A-As well as Clearly show duo Alec Hogg and Michael Appel are back again with their weekly round-up of organization, investments, information and politics banter you want to know. In target this episode: UCT Political Science Professor Anthony Butler on the EFF currently being a “natural coalition partner” for the ANC appear 2024 Denker Capital’s Kokkie Kooyman points out why prolonged neglected banking shares would be amongst the most important beneficiaries of a enterprise-friendly ruling coalition come 2024 Mantashe’s suggestion for Eskom 2. “preposterous” Counterpoint Price Fund’s Piet Viljoen on the attraction of a variety of SA’s methods shares ISS chairperson on spate of mass shootings likely being organised crime shareholder activist David Woollam demanding that the Tongaat Hulett board resign en masse.

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