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A Boston Consulting Company Become a Energy Dealer, and Then a P…

“I’m involved that we’re buying and selling off quick time period get entry to for long run problems,” Ms. Miller wrote in an inner e-mail in 2014.

She wrote that Bain was once looking to recuperate its popularity after the presidential election in 2012, when the Republican candidate, Mitt Romney, was criticized for his work on the consulting company. Ms. Miller, who has since left Bain, didn’t reply to a request for remark.

Inner shows through Bain, passed over to the fee as proof, display that the corporate pitched proposals to Mr. Zuma to restructure different state-owned companies, like those that oversee communications and effort, in order that Mr. Zuma would have direct oversight of them. This, the judicial fee mentioned, may just ruin South African regulations that forbid the pinnacle of state from immediately controlling state enterprises.

Mr. Massone and Mr. Zuma met 17 occasions from 2012 to 2014. The fee’s record prompt that the ones conferences, and the truth that Bain knew who would turn into the brand new head of the tax company — Tom Moyane — earlier than it was once made public, had been proof of a plan between the consulting company and the presidency to infiltrate the earnings carrier “and motive harm to the establishment.”

Bain helped to arrange Mr. Moyane, a Zuma loyalist, to take over the tax company as its new commissioner. Mr. Moyane is blamed for destabilizing the company and shedding thousands and thousands of greenbacks in tax earnings.

On the time, Mr. Zuma was once facing accusations of tax evasion, and the primary order of commercial was once to “neutralize” earnings carrier staff observed as stumbling blocks, in line with proof offered all through the inquiry. The inquiry record described Bain’s paintings with Mr. Moyane as “some of the clearest demonstrations of state seize,” a time period used to explain politically hooked up people and companies getting wealthy off state companies.

Mr. Zuma was once compelled to step down in 2018, after Cyril Ramaphosa turned into head of the governing African Nationwide Congress. Promising to root out graft, Mr. Ramaphosa quickly fired Mr. Moyane. Mr. Moyane didn’t reply to a request for remark.


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