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McKinsey

McKinsey capitulates (again), will pay back Transnet and SAA R650m

The world’s most powerful consulting firm will return roughly this amount in consulting fees to Transnet and SAA, according to a statement released by the Zondo commission. The firm decided to return the fees after being presented with new evidence by the commission – but Transnet thinks it is not enough.

Update: Sars freezes R2.8-billion from Chinese rail company that paid Gupta kickbacks

The tax collector can breathe a sigh of relief after the court ordered a last-minute halt to the release of funds linked to state capture.

At a minute to midnight, Sars attempts to secure R4bn state capture loot

At a minute to midnight, Sars attempts to secure R4bn state capture loot

Days before the Reserve Bank must release funds it quietly froze to Chinese rail group CRRC, the taxman goes to court to preserve them and prepares to claim billions from CRRC based on evidence that it paid kickbacks to the Guptas.

How Geoff Makhubo lied to amaB

Johannesburg’s embattled mayor was grilled by the state capture commission last week after it was confirmed that his company received millions from a city contract – despite his earlier denials to amaBhungane.

At Zondo, EOH plunges ANC and Joburg mayor Makhubo into tender kickback scandal

New information at the Zondo commission has unearthed evidence that executives of the tech giant channelled questionable payments to the ANC – before and after it landed significant contracts with the city – and to a company controlled by current Johannesburg mayor Geoff Makhubo.

Zondo Commission

EOH’s Mackay doled it out to Zizi Kodwa and other ANC officials, Zondo hears

Flamboyant tech firm executive Jehan Mackay made repeated payments to ANC functionaries over three years, the Zondo commission heard today [Wednesday]. An investigation commissioned by EOH found payments to the current deputy minister of state security, the then ANC Youth League treasurer and Jacob Zuma’s assistant.

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