ABB to repay R1,56bn to Eskom, biggest SIU recovery ever
‘By returning the funds, ABB joins McKinsey and KPMG among firms that have given back money they’ve earned in South Africa from contracts tainted by graft’, says Bloomberg.
‘By returning the funds, ABB joins McKinsey and KPMG among firms that have given back money they’ve earned in South Africa from contracts tainted by graft’, says Bloomberg.
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.
Jackie Cameron spent a pleasurable hour on Zoom in the company of characterful world-leading futurist Faith Popcorn and Dean Jon Foster-Pedley.
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.
Top consulting firm McKinsey played a strategic role in justifying the awarding of Transnet deals worth millions to little known companies.
McKinsey was paid £563,400 to coin the “vision, purpose and narrative” of the UK’s National Institute for Health Protection, which replaces PHE.