Bain is being barred for competing in bids for central government consultancy work for three years. RaymondZondo ECR_Newswatch
Bain is being barred for competing in bids for central government consultancy work for three years, effective from January 4 this year, a spokesman for the cabinet office told AFP.
The punishment stems from a four-year probe into graft under South Africa's former president, Jacob Zuma. Bain was hired by the South African government in 2015-16 on a contract to overhaul the country's revenue service.But eventually it ran for more than two years, at a cost of more than $9 million, and extended into many other sectors.
The British government said it had taken the decision"in light of Bain's responsibility as a global brand for its South Africa division and the company's failure to clarify the facts and circumstances of its involvement".
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