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McKinsey, the global consulting firm that had to pay Eskom near R1bn for fees, will continue its work in the public sector in South Africa using the same controversial price model that has made it fall into hot water.
Trillian, a related partner, received 1.6 billion rand from an invalid contract in 2016 because it had not been approved by the Treasury.
McKinsey joined a family of companies including the audit firm KPMG, the SAP giant and public relations firm Bell Pottinger, whose reputations were defeated after being involved in scandals involving the Guptas.
McKinsey reached an agreement with Eskom and the unit of confiscation of badets Friday, but denied any criminal wrongdoing. On Monday, McKinsey's new global chief, Kevin Sneader, acknowledged that the company had overcharged Eskom with fees that "weighed on the recovery of our investment" at a time when the company was "on the edge of the cliff." financial
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