Beleaguered consultancy Bain & Company on Monday morning issued a clarification that managing partner Vittorio Massone was not stepping down as previously communicated, but rather merely taking time to focus on cooperating with the Sars commission of inquiry.
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Bain & Company won’t be stepping down in state capture allegations
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Treasury News:- Sars shortfall to blame for VAT hike, so we are paying for their incompetency!
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Treasury would not have needed to increase value added tax (VAT) by one percentage point to 15% in April if not for the revenue shortfall at the South African Revenue Services (SARS), deputy director general at national treasury Ismail Momoniat told the Nugent commission of inquiry on Wednesday.
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