Eskom on retribution mission against McKinsey and others which plundered R19bn since 2012

LONDON — This week's release of financial results from South Africa's State-owned electricity supplier Eskom was always going to be worth watching. It marked the first public engagement of a fresh board of directors installed 69 days earlier by a forceful new political head. The occasion lived up to its billing. Those who plundered a now quantified R19bn from Eskom are going to be pursued for as long as it takes. Which is bad news for a number of multinationals led by consulting group McKinsey which earlier this month repaid almost R1bn in fees it received from the parastatal. It now transpires that McKinsey's malfeasance was merely the tip of an iceberg… – Alec Hogg

This is The Rational Perspective. I'm Alec Hogg and in this episode, Eskom seeks revenge after a R19bn plundering spree. This week's release of financial results from South Africa's state-owned electricity supplier Eskom, was always going to be worth watching. It marked the first public engagement of a fresh board of directors that had been installed just 69 days earlier by a forceful new political head. The occasion certainly lived up to it's billing. Those who had plundered (now quantified) R19bn from Eskom are going to be pursued for as long as it takes and that's bad news for a number of multinationals led by consulting group McKinsey, which earlier this month, repaid almost R1bn in fees that it had received from the parastatal. It now transpires that McKinsey's malfeasance was merely the tip of an iceberg. Here's Eskom's chairman, Jabu Mabuza.

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