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Bain gets three-year ban from UK government over ‘grave misconduct’ in SA.

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Bain & Co has been banned for three years from tendering for UK government contracts, over its role in state capture in South Africa.

The Financial Times reports that UK Cabinet Office Minister Jacob Rees-Mogg has written to Bain UK Managing Partner James Hadley, informing him of the ban, which will be applied retrospectively from 4 January 2022.

Initially, cabinet office officials reportedly rejected taking any action against Bain, but pressure from anti-apartheid campaigner Lord Peter Hain appears to have shifted opinion within government.

3 Aug 2022 3AM English South Africa Business News · Investing

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