Mail & Guardian
Mail & Guardian
mckinseylatest news & developments

How crypto payments make luxury goods more accessible

They offer a secure, fast and decentralised method of processing transactions

Transnet faced intense scrutiny in Parliament as MPs raised concerns about rising debt, weak governance and persistent audit failures in spite of signs of recovery

SIU finalising Transnet state capture cases but financial recovery slow

The Special Investigating Unit told parliament that settlement agreements with various companies were in the pipeline

The fraud and corruption case against Brian Molefe, Anoj Singh and their co-accused in the Transnet locomotive scandal was on Friday postponed until November 30. Photo: Delwyn Verasamy

Transnet locomotive case postponed to end of November

The Palm Ridge court granted a postponement to allow the full contents of the docket to be made availed to Brian Molefe, Anoj Singh and their co-accused

Over the next three years, Africa’s fintech industry is projected to hit record-breaking revenues for startups in the financial sector and herald a new growth phase characterised by more advanced financial services.

African fintech is evolving rapidly

However, report notes that startups on the continent will face a number of hurdles

The two Transnet executives appeared in court along with Regiments Capital directors Niven Pillay and Litha Nyhonyha. Photos Delwyn Verasamy

Molefe, Singh released on R50 000 bail in Transnet R93m corruption case

The two Transnet executive appeared in court along with Regiments Capital directors Niven Pillay and Litha Nyhonyha

R57-billion: How the Guptas played Monopoly with state money

The largest sources of state capture money were Transnet and Eskom, two of South Africa’s most fragile state-owned entities

KwaZulu-Natal residents who are unemployed, financially struggling and hungry have lambasted Eskom’s proposed 36.1% tariff hike. (Dean Hutton/Bloomberg/Getty Images)

‘Rampant corruption’ linked to McKinsey-Trillian transactions, says Zondo

Recommendations by the Zondo commission include investigation and possible criminal prosecution for Brian Molefe, Matshela Koko and Anoj Singh

The McKinsey dossier part 6 – five strikes and you’re IN

McKinsey did not tell the FDA it was working for opioid makers while also working for the agency

The consulting giant was helping Purdue Pharma and Johnson & Johnson fend off FDA regulations even as it helped shape FDA drug policy.

Campaigner: A young Peter Hain addresses an anti-apartheid meeting in London. (Photo by Watford/Mirrorpix/Mirrorpix via Getty Images)

Global players enabled ‘Zupta’ corruption

The Zupta decade: Governments and global corporates, banks and consultants must stop enabling money laundering

KwaZulu-Natal residents who are unemployed, financially struggling and hungry have lambasted Eskom’s proposed 36.1% tariff hike. (Dean Hutton/Bloomberg/Getty Images)

Eskom kept paying because Trillian kept working, Zondo commission hears

Former senior executive Prish Govender tried to justify why payments to McKinsey and the Gupta-linked consulting firm continued in the absence of a contract

Former Transnet chief financial officer Anoj Singh. (Photo by Papi Morake/Gallo Images via Getty Images)

Singh sticks to a firm line of denial as he concludes testimony at Zondo commission

The former Transnet chief financial officer said he has no idea how R41-million flowed to a Gupta front company, ostensibly for unblocking a deal

When Anoj Singh moved to Eskom, McKinsey was again awarded a lucrative R1-billion contract together with Trillian which was paid R600-million. (Oupa Nkosi/M&G)

Singh cannot say how Regiments obtained on his memos to Molefe

The former Transnet and Eskom chief financial officer agreed that it was highly irregular that the consultancy firm enjoyed this unfair advantage

Three strikes against KPMG – now what?

The private-sector players who facilitated public-sector fraud

Let us never forget the private-sector players who facilitated public-sector fraud

The McKinsey dossier part 6 – five strikes and you’re IN

How McKinsey is making $100m and counting) advising the US government’s coronavirus response

For the world’s best-known corporate-management consultants, helping tackle the pandemic has been a bonanza. It’s not clear what the US government has gotten in return

Graduates are being left in the lurch by a higher education department that is simply unable to deliver the crucial certificates proving their qualifications – in some cases dating back to 1992

We must equip graduates to excel in tasks that are beyond the scope of AI

With artificial intelligence taking over background tasks in the financial services sector, graduates need to be equipped with modern skills and mindsets to complement the…

Green but not good: Water hyacinth on Lake Victoria at Kichinjio Beach in Kisumu, Kenya, hamper fishermen’s efforts to make a living. In Lake Victoria, fisheries have declined from the depletion of tilapia caused by the spread of water hyacinth, the world’s most widespread terrestrial invasive alien species. (Yasuyoshi Chiba/AFP)

The commons, not the market

Greening the financial system is essential, but the environment can’t be shoehorned into the logic of finance

Isabel dos Santos is the daughter of Angola’s former president.

Isabel dos Santos did not loot Angola alone

Once again, Western auditing and consulting firms shamelessly facilitated corruption on an international scale

Eskom’s worst case scenario forecasts almost daily load-shedding during the summer. (Waldo Swiegers/Bloomberg/Getty Images)

Trillian payments were illegal — Eskom counsel

The utility’s battle to claw back the millions it paid to Trillian kicked off at the high court on Monday

Former acting Eskom CEO Matshela Koko. (Madelene Cronje/M&G)

Koko leaked emails to ‘demonstrate his capabilities to the captors’ — Mabuza

Former head of generation at Eskom, Matshela Koko, is alleged to have leaked confidential information to Gupta associate Salim Essa

Accountable: KPMG has come in for a lashing in South Africa for its entanglement in state capture, such as its assistance to the notorious Gupta family. (Delwyn Verasamy/M&G)

Idle watchdogs take a beating

State capture and the collapse of major businesses have cast the spotlight on auditors and industry regulators