McKinsey looks to court over refund
McKinsey will 'support' a court review of the controversial Eskom contract even as it absolved itself of any wrongdoing
Consultancy firm McKinsey has made a major concession: it is prepared to “pay back the money” Eskom is claiming from it “in full.” But there is a caveat, a court must first determine if the contract was unlawful. The consultancy made the dramatic announcement and pledged “to support” a court review of its R1.6bn contract in a media statement on Tuesday, the day Eskom had set for it to pay back the money. Eskom last week demanded that McKinsey, together with its partner, the politically-connected Trillian consultancy, repay the fee in full. Eskom said it would ask a court to review and set the contract aside as it did not meet legal stipulations. Bizarrely, McKinsey will “support” a court review of the controversial contract even as it absolved itself of any wrongdoing. “Eskom has now advised us that it believes it violated procurement regulations and its internal procedures in the formation of the contract and that decisions it took with respect to the contract may have been taken w...
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