Publisher

News24Wire

2 published claims from News24Wire appear in the database. The labels below compare each sampled claim with the record. They do not rate the publisher as a whole.

Supported1
Outdated1

Sampled claims

Supported71
News24 reported in September 2022 that National Treasury restricted Bain & Company from public sector contracts until 4 September 2032 for corrupt and fraudulent practices tied to a SARS contract.
Bain & Company South AfricaPress report, 29 September 20224 records citedCorporate status
Outdated71
News24 reported in September 2022 that the NPA charged McKinsey South Africa with fraud, theft and corruption over Transnet contracts.
McKinsey & Company Africa (Pty) LtdPress report, 30 September 20224 records citedCorporate status

Reports and statements sampled

Treasury bans Bain & Co. from public sector contracts for a decadePress report, 29 September 2022
NPA charges McKinsey SA with fraud over Transnet locomotive debaclePress report, 30 September 2022

Responses on record

Bain & Company South Africa, 17 February 2025, on this claim: In court papers Bain blamed lapses in leadership and cited significant remedial actions, as reported by Bloomberg.^S3

Sources

S3Tier C Major firm guilty of serious offences wants a comeback in South AfricaBusinessTech (Bloomberg). Press report. 17 February 2025.Bloomberg report on Bain's court challenge and quotes from its papers. It does not name the court or give hearing dates.