McKinsey admits helping Transnet CEO with MBA, but Gama says only aid was editing

2018-08-06 12:04

Global consultancy McKinsey & Co has admitted to helping Transnet Group Chief Executive Siyabonga Gama prepare a part of his thesis to obtain an MBA, but Gama told Fin24 the help had amounted to nothing more than checking language.

Gordhan talks tough on Trillian, Regiments

2018-08-02 19:47

Public Enterprises Minister Pravin Gordhan said the actions of controversial contractors Regiments and Trillian would be investigated by newly appointed boards of state-owned entities and the Judicial Commission of Inquiry into State Capture.

Eskom welcomes apology and R902m from McKinsey

2018-07-09 19:26

Eskom has welcomed McKinsey's apology to South Africans and confirmed it received R902m from the global consultancy firm.

Eskom, McKinsey settle over R1bn fee

2018-07-06 17:53

McKinsey, Eskom and the Asset Forfeiture Unit (AFU) have reached a settlement regarding the controversial fee McKinsey earned from Eskom.

Another hammer falls on KPMG, McKinsey as Gauteng govt terminates contracts

2018-06-13 19:08

The Gauteng provincial government has taken key decisions related to contracts with auditing firm KPMG and consultancy McKinsey which are facing allegations of misconduct.

Eskom in court bid to recover R1.3bn from McKinsey and Trillian

2018-04-13 14:30

Eskom says it has approached the court in a bid to recover money from global consultancy McKinsey, and is looking into ways of recovering money from Gupta-linked company Trillian.

Khoza quashed forensic investigation into Eskom, inquiry hears

2018-02-27 18:22

Parliament has heard that Eskom's former acting chair Zethembe Khoza halted an investigation by a forensic firm into the power utility, but Khoza has denied the allegations.

Corruption hinders growth, results in fewer jobs – Patel

2018-02-19 19:35

Economic Development Minister Ebrahim Patel has spoken out against corruption in SOEs and in the private sector, calling players to combat the "cancer".

Eskom's new board to probe previous board's R1bn McKinsey U-turn

2018-01-25 16:24

Eskom’s new board will investigate why the power utility’s previous board wrote a letter to global consultancy McKinsey to say a R1bn payment was lawful, despite previously saying the opposite.

SA companies regulator charges KPMG, McKinsey, SAP

2018-01-18 11:36

The Companies and Intellectual Property Commission has laid criminal charges against the local units of KPMG, McKinsey and SAP for contraventions of the Companies Act.

 

Is the local auditing watchdog effective?

2018-08-05 10:58

Following numerous corporate scandals across the world, Makhosandile Kwaza asks how regulators miss the red flags.

How KPMG and McKinsey tanked their reputations in a year

2018-07-16 06:00

PR experts believe that, whatever the extent of a brand's crisis, you can recover if you handle it correctly. Both KPMG and McKinsey failed - something social media capitalised on, writes Tonya Khoury.

McKinsey apologises for overcharging Eskom

2018-07-09 13:08

The consulting firm, which last week repaid almost R1bn in fees, has apologised for overcharging Eskom and for being slow to admit wrongdoing.

In a devastating NY Times report, McKinsey boss fights back, claims 'real work was done' for R1 billion fee

2018-06-27 13:22

“It did not take a Harvard Business School graduate to explain why South Africans might get angry seeing a wealthy American firm cart away so much public money."

NPA applies for forfeiture order in McKinsey, Eskom matter

2018-05-24 20:16

The National Prosecuting Authority has filed papers in the North Gauteng High Court in Pretoria in an application for a forfeiture order against global consultancy McKinsey.

SA could score $4bn chunk of Africa's huge banking potential

2018-03-02 07:16

There is huge room for growth in meeting unmet needs in Africa and if banks can tap into this, there will be massive revenue increase prospects, according to a new study by McKinsey.

Forensic firm to testify on Eskom’s payments to Trillian

2018-02-27 07:24

The Eskom inquiry resumes on Tuesday. A forensic company which investigated allegations of irregular payments made to Trillian will present its evidence.

Eskom hasn't given reasons for validity of R1bn payment - McKinsey

2018-01-29 22:00

Eskom hasn’t given McKinsey reasons for why it says the R1bn payment it made to the global consultancy was legal.

Five takeaways from Koko's testimony at the Eskom inquiry

2018-01-25 09:55

Fin24 looks at five key moments from top executive Matshela Koko's testimony to Parliament's inquiry into mismanagement of state funds at Eskom.

Gupta-linked companies feeling the pinch

2018-01-17 20:15

The walls are caving in on the Gupta family's empire as the NPA's Asset Forfeiture Unit targets R50bn worth of assets connected to the state capture report by former public protector Thuli Madonsela.

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