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Assessing and promoting civil and minority rights in South Africa.

[Source: Business Day – Editorial.]

So Eskom has at last written to global management consultancy McKinsey and its Gupta-linked partner Trillian to demand that they pay back the money. Eskom paid the consultancies more than R1.6bn in “risk-based” fees for just six months’ work on a contract that, it is now crystal-clear, should never have been signed.

It was unlawful, because Eskom had not sought or obtained permission from the Treasury for this deviation from the rules on fee calculations for consultants. There is evidence to suggest the contract, and the payments, were also fraudulent.

Eskom has taken more than two months to deliver the letter of demand, which was drafted by law firm Bowmans after its investigation of the Eskom/McKinsey/Trillian saga.

Continue reading here.

South Africa at a Glance
56 500 000 (mid 2017 estimate)
4.6% y/y in June 2018 (CPI) & +4.6 y/y in May 2018 (PPI)
294.84 in USD BIllion (December 2017)
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