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State-owned power utility Eskom reduced its debt by almost a fifth after repaying matured loans and benefiting from a more favourable exchange rate.
McKinsey’s senior partners have voted Kevin Sneader out of leadership at the end of his first term. His crisis management style is said to have caused friction in the ranks.
In 2017, McKinsey conceded that work done at power utility Eskom was also linked to state capture and it agreed to return R1bn in fees.
McKinsey was presented with evidence that its consulting work was tainted by the corruption of State Capture at Transnet and SAA.
Will SA ever forgive McKinsey for corruption? In 2018, business leaders publicly skewered its CEO; now Transnet has rejected R650m offer through Zondo.
The Commission urges other companies to follow the example of McKinsey, wherever they have benefited, directly and indirectly, from corruption.
Executives from McKinsey and KPMG have been placed front and centre of publicity about 100 judges involved in deciding a journalism prize in Africa.
Does the pursuit for truth-telling carry a greater cost? By exposing McKinsey, Bianca Goodson has become the victim rather than the hero.
McKinsey was paid £563,400 to coin the “vision, purpose and narrative” of the UK’s National Institute for Health Protection, which replaces PHE.
As tangible action against state capture masterminds, the Gupta brothers and Salim Essa, is taken by US authorities, the world spotlight is back on corporations that have aided and abetted the corrupt in South Africa.