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Top consulting firm McKinsey played a strategic role in justifying the awarding of Transnet deals worth millions to little known companies.
The Guptas stood to benefit from a R500m deal at Eskom, allegedly to implement initiatives that would improve the SOE’s liquidity.
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.
Former McKinsey CEO and Goldman Sachs director, Rajat Gupta has just surfaced after spending time in prison after he was found guilty of insider trading.
Professional services consultancy McKinsey is in the headlines again in connection with unethical – and illegal – business behaviour.
The media spotlight is sharply focused on McKinsey, with journalists around the world piecing together its work for authoritarian and corrupt governments.
McKinsey has actively nurtured the world’s nastiest political leaders and helped entrench systems that suppress democracy and human rights.
South African lawmakers have accused McKinsey of possible criminal wrongdoing in a report that condemns the consultant’s work for power utility Eskom.
Not only have firms like Bain, McKinsey and KPMG enjoyed an easy ride – they’ve behaved like thugs by helping to raid taxpayers’ funds.