amaBhungane & Scorpio: The McKinsey Dossier, Part 3 – Eskom tells McKinsey and Trillian to #PayBackTheMoney
Eskom has moved to reclaim R1.6-billion paid to McKinsey and Trillian for a consulting project that left the power utility “open to excessive economic exposure”, according to a confidential report. By Susan Comrie for AMABHUNGANE and Pauli van Wyk for SCORPIO.
KPMG’s appearance before Parliament’s standing committee on public accounts on Thursday was the equivalent of lifting the bed covers to release a nasty odour. What is clear is that at present KPMG SA will meet with everyone and anyone to offer “comfort” in an attempt to salvage the auditing giant’s tattered reputation following revelations of its role in facilitating the capture of the state by the Gupta family as well as mopping up the blood following its report into a SARS “rogue unit”. KPMG also revealed that executives who resigned last month all received lucrative severance packages. By MARIANNE THAMM.
As yet another ANC-related murder has shaken the KwaZulu-Natal Midlands this week, the deputy mayor of the Dr Nkosazana Dlamini-Zuma Municipality recalled an assassination attempt that he survived a year ago. By CARIEN DU PLESSIS.
Parliament: Public Protector’s curious take on her powers as she stands by review of Reserve Bank mandate
Public Protector Busisiwe Mkhwebane on Thursday stood by her call to review the South African Reserve Bank (SARB) constitutional mandate, part of the controversial Absa Bankorp report, still under court review. She picked up the political ball from ANC MP Bongani Bongo, a vociferous critic of her predecessor Thuli Madonsela, who described that report as “an intelligent move”, adding: “The Reserve Bank matter should be pursued.” Mkhwebane’s response was one of several curious statements in a justice committee meeting in which ANC MPs moved to deflect sharp opposition criticism. By MARIANNE MERTEN.
Several civil society organisations mobilised under the banner of Future South Africa to demonstrate outside the Sandton offices of international consultancy firm McKinsey and Company. Protesters indicated that multi-national conglomerates like KPMG and McKinsey were displaying grossly unethical conduct and were enabling corruption in South Africa. By IHSAAN HAFFEJEE.
The Standing Committee on Finance called in the JSE this week to report on the progress it has made in transformation. Which is another way of asking: has there been any meaningful shift in the JSE away from its traditional white, male power base? By MOIRA LEVY.
Men from Langa talk about the challenges of finding employment, how foreigners are taking the jobs and what they can do to rise above this situation. They feel that the government should be helping them but is failing due to corruption, lack of accountability and political infighting, which has thrown the country into a recession. By STREET TALK.
Cosatu has been an enabler of State Capture and was a driving force behind Zuma’s ascending to the presidency. It can’t now divest itself of responsibility for a formal programme adopted 10 years ago and remain in the Alliance. By SARA GON.
by Michael Mathes with Cyril Julien in Las Vegas US lawmakers bolstered efforts Thursday to ban devices used by the Las Vegas shooter to make his guns fire faster, while the National Rifle Association unexpectedly urged federal officials to review the legality of such modifications.
Sim Tshabalala: South Africa in the Fourth Industrial Revolution – a new opportunity to create more jobs and a better society
Business Leadership SA’s “Contract with South Africa” commits us to strive for inclusive growth, job creation and transformation. To become a truly modern, prosperous, fair and decent society, we have to reimagine who we are and what we can do.