The letter from Gawie Malan (McKinsey’s apology rich, July 10) confuses me. Unless I’m wrong, the arithmetic does not work out. The capital sum refunded to Eskom by McKinsey is R902m. Mr Malan then refers to two interest amounts – R320m using prime or R175m using a daily call rate, but R320m on R902m is 35%, and R175m is 19%. Prime is certainly not 35%, nor is call 19%. An explanation would be welcome. Max Leipold Hermanus
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.