McKinsey 'remains deeply remorseful' that it ‘has in any way been associated with the dark era of statecapture'. Moneyweb corruption
Days after Boston-based consulting firm Bain & Co was banned from tendering for public work for 10 years by National Treasury, fellow global consulting firm McKinsey faced its own reckoning with justice over state capture allegations. For Bain, the public sector ban was punishment for the destruction it wrought at the South African Revenue Service during the tenure of disgraced former commissioner Tom Moyane.
McKinsey warned Eskom of risks at Gupta-linked Trillian Capital “We remain deeply remorseful that our firm has in any way been associated with the dark era of state capture. We publicly apologised and chose to take accountable action where we made mistakes,” says McKinsey over the latest charges. “After four years of exhaustive evidence, the [Zondo] Commission did not make any recommendations for further action against McKinsey and praised our ‘responsible corporate citizenship’.
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