A mea culpa from McKinsey’s boss Kevin Sneader earlier this month increasingly appears to be hollow, especially following a City Press report over the weekend that revealed how the consultancy firm’s fleecing of Eskom and Transnet was much bigger than previously thought.
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.
It’s clear that South Africa’s equivalent of Brazil’s eight year old Operation Car Wash has arrived. In the South American country more than 160 mostly powerful politicians and business executives have been arrested.
Angry South Africans have succeeded, slowly but surely, in getting one corporate after the next to turn their backs on the firms that have sucked juicy fees out of state owned entities while helping to feather the nests of the Gupta and Zuma families.