Investigative journo unravels details around Eskom's Trillian deal

While Eskom has decided to act on recommendations by law firm Bowman Gilfillan's to try and recover R1.5 billion paid unlawfully to McKinsey and Trillian Capital, there are questions around how the power utility got to this point.

READ: Eskom ignored warnings over McKinsey and Trillian

Eskom says it has taken steps to recover the money from both McKinsey and Trillian Capital because interim investigations show that the payments were illegal.

ALSO READ: Pay back the money we paid you Eskom tells McKinsay and Trillian

Eusebius McKaiser spoke to Financial Mail's Stephen Hofstatter about the business of consultancy firms like McKinsey, and some of the key role players in the Trillian deal.

The sense I got is billions and billions are being spent to keep a bureaucracy going, their primary focus is to keep themselves going and incentivise the entities that are spending money on them to keep spending money on them.

Stephen Hofstatter, journalist

Mcinsey has a very long history in South Africa and part of its modus operandi is to get close to the centers of power and to stay close to those centres of power.

Stephen Hofstatter, journalist

Click on the link below to listen to the full audio


702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
#ANC54 Three CNN journalists intimidated, threatened with arrest

#ANC54 Three CNN journalists intimidated, threatened with arrest

The group are said to have crossed a barricade separating delegates from journalists, before being ushered to a room.

#ANC54 The bigger the body the harder it is to make decisions - Stephen Grootes

#ANC54 The bigger the body the harder it is to make decisions - Stephen Grootes

Political reporter and talk show host Stephen Grootes reviews some of the proposed changes around the ANC's NEC.

Pay back the money we paid you, Eskom tells McKinsey and Trillian

Pay back the money we paid you, Eskom tells McKinsey and Trillian

Eskom says it's planning to recover the R1.5 billion but Sikonathi Mantshantsha wonders if 'they are lying or telling the truth?'

Eskom ignored warnings over McKinsey and Trillian

Eskom ignored warnings over McKinsey and Trillian

A damning report by Eskom’s own legal team has revealed that the utility deliberately ignored advice at least four times.

DA lays criminal charges against McKinsey, calls on US commission to investigate

DA lays criminal charges against McKinsey, calls on US commission to investigate

DA's shadow minister for public enterprises Natasha Mazzone opened a case against McKinsey for corruption, fraud and collusion.

Those in state capture may want to 'lawyer up' - Karima Brown

Those in state capture may want to 'lawyer up' - Karima Brown

Corruption Watch says it believes that McKinsey may be in contravention of the US Foreign Corrupt Practices Act.

Popular articles
'ANC may split if Dlamini-Zuma is elected leader'

'ANC may split if Dlamini-Zuma is elected leader'

Political analyst Dr Somadoda Fikeni sat down with Ray White to discuss the future of the ANC.

The Steinhoff Story: from humble beginnings to billions

The Steinhoff Story: from humble beginnings to billions

Financial Mail editor Rob Rose chats to Eusebius McKaiser about how Steinhoff became the retail giant we know, before the fall.

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

In 2012 Steinhoff acquired 20% of wealth manager PSG, reportedly infuriating Mouton. Bruce Whitfield interviews him.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...