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Bain's ex-boss in SA lands top job

Publish date: 17 January 2022
Issue Number: 956
Diary: IBA Legalbrief Africa
Category: Auditing

Former Bain SA boss Vittorio Massone has landed a top job in Milan as executive director of Alkemy, despite being behind the management consultancy’s capture of the SA Revenue Service (SARS). Appointed in 2020, he is now Alkemy’s head of business and corporate development. The company said in a Bloomberg News announcement that he had ‘extensive experience in transforming the business models of some of the most important companies at the domestic and international level’. Massone joined Bain in 1994 and quietly parted ways with the company after the Daily Maverick exposed its central role in state capture during the Zuma years. He appears to have undergone no disciplinary action or censure by the consulting giant. Bain is facing renewed global scrutiny after the Zondo Commission’s first report found that the company had been central to the capture of SARS. DM reports that Massone’s ‘schmoozing’ was so successful that he met former President Jacob Zuma 17 times between 2012 and 2014, and boasted to his colleagues that he knew about Tom Moyane’s appointment as SARS commissioner long before it was announced. The Zondo report has recommended that all of Bain’s public sector contracts be scrutinised.

Full Daily Maverick report

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