EDITOR’S LUNCHBOX: FirstRand re-defines ‘keeping pay in line’
Waiting years to get money from a mine rehabilitation fund? Call the Guptas because they know a guy who knows a guy at the DMR
Stories of Note Bytes from the digital world Getting permission from the Department of Mineral Resources to take money from a mine rehabilitation fund takes years — unless you are the Guptas, in which case it takes just a day. "We have brought you McKinsey," Salim Essa and Kuben Moodley told Regiments Capital’s founders. "Salim knew the executives at Denel, Transnet and Eskom," said one former employee. His message to them was simple. "He told them if they don’t open the door, they’re out. Suddenly Regiments was flying." In My Opinion Matters of debate Welcome to the world of consultants. Most companies brag about their clients. Consultants prefer to move in the shadows. The reason is simple: they don’t want to stand in the way of management claiming credit for improvements — management is their employer after all. And they don’t want anyone to know the gobsmacking fees they charge. Bryan Rostron writes how western companies caught corrupting young democracies have a set response: i...
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