Using the information in this case study conduct a macro/remote environmental analysis of Bain and Co. Treasury
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Using the information in this case study conduct a macro/remote environmental analysis of Bain and Co.
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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. 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.
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The South African Revenue Service SARS of which mention is made in the Treasurys email answer to Reuters is the target of the restriction that will be ... View the full answer
Related Book For
Corporate Finance Core Principles and Applications
ISBN: 978-0077905200
3rd edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
Posted Date:
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