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Bain’s exit from local consulting reflects ongoing fallout from the state capture era

# Bain and Company is closing its consulting business in South Africa due to the lasting stigma from its role in the state capture scandal during Jacob Zuma’s presidency. After controversial work at the South African Revenue Service and a government ban, Bain struggled to regain trust and retain clients and talent. Its Johannesburg office will remain open as a global services hub, but will no longer offer local consulting. The scandal continues to impact its reputation and partnerships in the country.