Power utility Eskom has finalised a settlement agreement that will see McKinsey pay back the R1 billion paid to it by the utility under the Turnaround Programme. Eskom board Chairman Jabu Mabuza, says this is a significant milestone for the Board...
Global consultancy firm McKinsey is ready to return the R1 billion it earned from a flawed deal with Eskom because it does not want tainted money. This is according to Senior McKinsey executive David Fine who testified before parliament’s inquiry...
Eskom has confirmed that another senior executive has been suspended amidst the utility’s investigations into allegations of corruption. EWN on Thursday reported that Abraham Masango, group executive for capital, was up for suspension for allegedly...
Global consultancy firm McKinsey announced on Tuesday that it will repay fees it earned from Eskom on a contract linked to the Gupta business family if a court determines that the power utility had acted unlawfully. The firm said in a statement...
Public enterprises minister Lynne Brown has instructed Eskom to begin legal action against consultancy firms McKinsey and Trillian Capital Partners over their involvement in disputed contracts at the country’s state-owned electricity company....
