McKinsey has returned R1bn to Eskom, Jabu Mabuza tells inquiry
McKinsey had been awarded a lucrative contract by Eskom alongside a Gupta-linked firm, Mabuza said on Friday
Eskom has banked R1bn returned to it by consultancy McKinsey, which was awarded a lucrative contract by the troubled state-owned power utility alongside a Gupta-linked firm, board chair Jabu Mabuza said on Friday. McKinsey joined a string of companies including investment management company Trillian Capital, audit firm KPMG and software giant SAP, whose reputations were battered after being embroiled in state-capture scandals involving the Guptas. Mabuza was the first witness to testify at the state capture commission of inquiry about the financially distressed parastatal. He was appointed Eskom board chair in January 2018 as part of a plan to clean up the power utility. Eskom was one of the state-owned enterprises that was at the heart of state capture and was used to loot billions of rand. Earlier, Mabuza told the commission that Eskom had already laid criminal charges with the Hawks in relation to the utility's coal contract with the Guptas' Tegeta, and was planning on taking civ...
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