Genevieve Quintal Political editor

Global consultancy McKinsey & Co essentially announced a financial mea culpa this week, agreeing to repay about R650m it received for work done for Transnet and SAA during the state capture years.

It was one of many private sector companies that benefited from dodgy contracts after working with Gupta-linked firms during the Jacob Zuma administration, which resulted in some of the country’s key state-owned enterprises being decimated through looting...

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