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.

NPA concludes Eskom payments to McKinsey and Trillian were criminal

2018-01-17 15:00

Eskom's payments to McKinsey and Trillian were criminal and a deliberate and fraudulent circumvention of the power utility’s supply management processes, the NPA has found.

Cosatu hopes freezing of assets, commission is 'beginning of end' of Gupta patronage network

2018-01-16 22:17

The Congress of South African Trade Unions "(Cosatu) says it hopes freezing the assets of Gupta-linked companies McKinsey and Trillian, combined with the Commission of Inquiry into state capture, would signify the "beginning of the end of the Gupta patronage network that has wreaked havoc on our economy".

McKinsey: We've been ready to pay back Eskom's money for two months

2018-01-16 14:09

Global consultancy McKinsey says it has written to Eskom five times since October to arrange to pay back the R1.028bn it earned for consultancy work, but Eskom has taken no action.

Trillian, McKinsey to be served over Eskom and Transnet services, NPA confirms

2018-01-15 22:55

A preservation order is expected to be served on Trillian and McKinsey for assets worth around R1.6bn, the National Prosecuting Authority has confirmed.

 

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.

Gupta-linked company denies getting asset seizure order from NPA

2018-01-17 14:11

Gupta-linked companies Trillian and international consulting firm McKinsey have until Thursday to submit to the National Prosecuting Authority a list of its assets to be frozen or seized.

14 Gupta linked companies and individuals to have their assets frozen

2018-01-16 17:28

At least 14 people and entities linked to the alleged corruption by Gupta-linked company Trillian and international consultancy firm McKinsey have been identified in a preservation order obtained by the Asset Forfeiture Unit.

OUTA praises new ANC leadership for change in attitude on corruption

2018-01-16 11:26

Reacting to action against Gupta-associated businesses by the Asset Forfeiture Unit, the Organisation Undoing Tax Abuse has praised the new ANC leadership for changing the party's attitude towards tackling corruption.

Coca-Cola SA bottling unit severs ties with McKinsey over Gupta probe

2018-01-11 13:32

The unit says it will not award business to McKinsey, until the outcome of probe into the consultancy’s work involving the politically connected Gupta family are finished.

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