Telkom won’t award any new business to KPMG’s local unit pending the outcome of an investigation into the firm by the country’s accountancy body. Any contracts underway with the auditor and consulting firm
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skom has said it will ask McKinsey & Co and Trillian Capital Partners to return “unlawful” payments that the power utility has made under arrangements with the companies. Eskom is seeking the return of R1bn from McKinsey and
South Africa is ready to start a probe into contracts of state-owned power utility Eskom, which provided false information about dealings with Trillian Capital Partners and McKinsey & Co, public enterprises minister Lynne Brown
National treasury is pressuring the continent’s biggest money manager to provide as much as R100bn to fund struggling state companies, according to two people with knowledge of the situation. The Public Investment Corp, which
Debt and corruption scandals at Eskom make the utility the biggest risk to South Africa’s economy and the government needs to replace its management, Goldman Sachs Group has said. Eskom plans to
Public enterprises minister Lynne Brown has instructed Eskom to begin legal action against companies including McKinsey & Co over their involvement in disputed contracts at the state-owned electricity
Companies controlled by the Guptas lost a court bid to prevent Bank of Baroda from shutting their accounts, which would leave the politically connected family without banking services in South Africa from the end of this month
The Reserve Bank unexpectedly kept its benchmark lending rate unchanged because it’s concerned about higher inflation expectations. The rand rallied. The central bank’s monetary policy committee
After helping topple one of Britain’s best known PR companies, South African anti-corruption groups are now targeting US consultancy McKinsey & Co and auditing firm KPMG for doing work for
Deputy President Cyril Ramaphosa has an edge in the race to become the next leader of the ANC, according to a survey of analysts. Sixteen of 26 analysts canvassed by Bloomberg named Ramaphosa as the front-runner to take over