Eskom is in talks to recover the interest on money paid to global consultancy McKinsey & Company, the electricity producer has confirmed. The utility said it was in "protracted talks" with the management consultancy to recover the capital amount, claim back VAT and recover interest accrued on the capital. Last week McKinsey refunded Eskom the R902m it received from the utility, part of the R1.6bn it shared with Trillian Capital — money that was stolen by executives at the utility. Trillian was then majority-owned by Salim Essa, a close associate of the Gupta family, which is connected to former president Jacob Zuma. Without invoice or contract, Eskom’s former chief financial officer, Anoj Singh, paid the Gupta-linked firm R565m on the instruction of McKinsey partner Vikas Sagar. McKinsey denied having authorised the letter and said it had no relationship with Trillian. Although it had no contract with either Eskom or McKinsey, Trillian denies receiving unearned and undue payments fr...

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