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McKinsey will repay Monday 902 million rand from the 1.6 billion rand that Eskom granted him in 2016, but will keep millions of interest earned on fees.
The global consulting firm, through its new CEO, also make a public apology and "speak frankly" about how he "handled the situation" relating to his work at the company. # 39; electricity.
Even though he claims "full and final settlement", McKinsey will not pay balance, which ordered Eskom to pay Trillian Capital related to Gupta in 2016.
"The R902m is the total amount that we have received from Eskom and we have repaid it, "McKinsey spokesman Bonita Dordel said Sunday. "Just the full price and not the interest."
At preferential loan rate of 10% per annum, the interest on the total amount would be about R320m for the two years since Eskom paid the money.
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