Stay updated with breaking news from Regiments Capital. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Global consultancy Bain & Co. and Nedbank Group, South Africa’s fifth-largest lender, denied willfully facilitating or being party to corruption after a judicial inquiry found their conduct wanting in their dealings with state-owned firms.
Nedbank has denied any wrongdoing after the State Capture Inquiry recommended that authorities investigate it and its employees for their alleged role in a "corrupt" contract.
Nedbank said it is still busy with a comprehensive review of the commission’s findings but denies any wrongdoing.
The commission recommends that law enforcement agencies must act.
National carrier South African Airways (SAA) tanked under former board chairperson Dudu Myeni’s tenure and former President Jacob Zuma cheered her on, the State Capture Commission has found.