Home Business and Technology McKinsey to pay back R1 billion to Eskom

McKinsey to pay back R1 billion to Eskom


Eskom says it has now finalised a settlement agreement with McKinsey to pay back R1 billion under the parastatal’s turnaround strategy.

In a statement released on Friday evening, Eskom Board Chair Jabu Mabuza says while this is the first successful recovery, it won’t be the last as its members are committed to dealing decisively with improper and irregular contracts.

The utility says given that Trillian was not party to the settlement, it will use the legal review process to continue pursuing the recovery payments made to the Gupta-linked firm.

Source – EWN


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