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 […]
Eskom paid Trillian R595-million without a valid contract while lying to the public about doing so. This is well established by now. But how the Gupta-linked company was sneaked onto Eskom’s payment system – a system designed to prevent fraud […]
Staff numbers have dwindled from 80-odd in its heyday to just a handful of mainly support staff sparking concern of reduced commercial activity that could impact on the company’s ability to pay back Eskom. By Jessica Bezuidenhout for SCORPIO. In […]
“Ultimately we are appealing to [Eskom’s] bravery,” McKinsey in-house lawyer Benedict Phiri concluded on 3 December 2015. He was consulted over questions about the legality of the contingency or “risk-based” contract for the contentious “turnaround” programme McKinsey had devised for […]
The Auditor-General has given tax boss Tom Moyane an ultimatum: Declare controversial bonus payments to your executive committee as irregular expenditure or SARS gets slapped with a qualified audit opinion. The bonuses Moyane unilaterally increased and signed off on around […]
In Part 1 of the #Guptaleaks: The McKinsey Dossier, we detailed how global consultancy McKinsey lined up a R9.4-billion bonanza from Eskom with the help of Gupta-linked Trillian Capital Partners. We also showed how Eskom executives ignored warnings from their […]
