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The allegations are more that McKinsey specifically chose a partner that they knew was well connected with the political elite in order to have government busin
by wernsey 8y ago
The allegations are more that McKinsey specifically chose a partner that they knew was well connected with the political elite in order to have government business sent their way.
Yes, it is true that the South African law forced them to get a local partner. During the apartheid years black people were limited in where they were allowed to work, and this law is an attempt to rectify the past. Unfortunately this law is also abused by well connected politicians to enrich themselves and their cronies.
Where things went wrong for McKinsey here is that the local partner they chose, Trillian, had a shareholder that was a well known associate of the Gupta brothers, and the Gupta brothers had a relationship with the president, Zuma, and his son. It also later emerged that the CEO of Eskom and his CFO had a relationship with the Gupta brothers.
[1] https://www.dailymaverick.co.za/article/2017-09-14-scorpio-amabhungane-how-mckinsey-and-trillian-ripped-r1-6bn-from-eskom-and-planned-to-take-r7-8bn-more/ https://www.dailymaverick.co.za/article/2017-09-14-scorpio-a...
- sonnyblarney 8y ago"The allegations are more that McKinsey specifically chose a partner that they knew was well connected with the political elite in order to have government business sent their way." On it's face, that's extremely rational and normal behaviour. The less transparent a government is, the more this is a necessity. Basically outside the Western world, and many places within, it's a given. Try getting a snow clearing contract from the Montreal City Hall ... and then find out 'who knows who' ...