The world is changing fast and to keep up you need local knowledge with global context.
The Guptas and their associates deserve every drop of bile now being poured over them. But so too do the multinationals which facilitated their thievery.
John Mulcahy is adamant: by facilitating industrial scale plunder by the Guptas, KPMG, McKinsey and SAP have disrespected their hosts and should be stripped of all right to conduct business in South Africa.
First is was consultancy firm McKinsey, and then software developer SAP, to be invited for the attention of the US Securities & Exchange Commission (under the Foreign Corrupt Practices Act) amongst other jurisdictions internationally empowered to prosecute bribery.
McKinsey and the $860 billion management consulting industry grapples with budget cuts and layoffs amid ethics scandals.
Will SA ever forgive McKinsey for corruption? In 2018, business leaders publicly skewered its CEO; now Transnet has rejected R650m offer through Zondo.
SAP’s Africa head said company is battling to complete investigations after allegations its employees paid kickbacks for government business.
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.
Enterprise software giant SAP finds itself, once again, caught up in a graft scandal on the African continent – this time in Kenya and Tanzania.
Alec Hogg caught up with Magda Wierzycka in a sweltering London where Sygnia’s founder and CEO is investigating ways to globalise her mushrooming business.
Alec enjoyed a front row seat at the first public engagement by Kevin Sneader, new global managing partner of the world’s largest consulting firm, McKinsey & Company – the business in the vortex of South Africa’s State Capture scandal.