McKinsey maintains working relationship with Eskom was 'in good faith'

Parliament's Public Enterprises Portfolio Committee has heard from a senior partner at advisory firm McKinsey in the ongoing inquiry into Eskom.

MPs have been told by McKinsey senior partner David Fine that the firm is prepared to repay the money it received from Eskom because the company does not want "tainted money,"

The firm earned R1 billion in fees from the power utility, while its partner company, Trillian, earned around R500 million.

Eyewitness News reporter Rahima Essop has more on the story.

David Fine explicitly said that McKinsey is prepared to pay back the R1 billion it received from Eskom. The question now is to who and how?

Rahima Essop, EWN reporter

McKinsey's relationship with Trillian stems from it's relationship with Regiments. McKinsey maintains that it did not have a contract with Trillian.

Rahima Essop, EWN reporter

The company says Trillian withheld information about its connections with the Gupta's and Salim Essa, and when that became apparent, McKinsey terminated discussions with Trillian about a supplier development partnership -and that was in March 2016.

Rahima Essop, EWN reporter

McKnisey's position is that it had entered into a working relationship with Eskom in good faith.

Rahima Essop, EWN reporter

Click on the link below to listen to the full audio....


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