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Eskom welcomes apology and R902m from McKinsey

By: News24Wire      10th July 2018 Eskom on Monday welcomed McKinsey's apology to South Africans and confirmed it received R902-million from the global consultancy firm. Eskom Group Chief Executive Phakamani Hadebe said the payment goes a long way towards the utility's quest to address the issues of lost funds and regaining trust.... 

Transnet chair resigns on eve of meeting with government 

By: African News Agency      4th May 2018 The chairperson of Transnet, Linda Mabaso, has resigned with immediate effect, Public Enterprises Minister Pravin Gordhan said on Thursday. Mabaso's resignation comes on the eve of a shareholder meeting called by Gordhan for Friday.  

Ramaphosa refers Eskom allegations to Special Investigating Unit

By: News24Wire      6th April 2018 President Cyril Ramaphosa referred allegations of mismanagement and graft at state power utility Eskom and rail and ports group Transnet to the Special Investigating Unit (SIU). The SIU, which probes corruption and maladministration in the government, must include “any alleged serious... 

Public Protector finds Brown 'inadvertently' misled Parliament about Eskom-Trillian  

By: News24Wire      23rd February 2018 The Public Protector has found that Public Enterprises Minister Lynne Brown misled the National Assembly when she denied there were engagements between power utility Eskom and the Gupta-linked company Trillian Capital Partners. This is according to a report issued by the Public Protector Busisiwe... 

Gupta-linked company denies getting asset seizure order from NPA

By: News24Wire      17th January 2018 Gupta-linked companies Trillian and McKinsey have until Thursday to submit to the National Prosecuting Authority (NPA) a list of its assets to be frozen or seized. They were officially served with a preservation order to freeze assets worth R1.6-billion. 

Trillian whistleblower says Eskom’s Singh paid R30.6m for no reason

By: African News Agency      3rd November 2017 A whistleblower on Friday told the parliamentary inquiry into Eskom the power utility settled a fraudulent invoice from Trillian for R30.6-million. Former Trillian Management Consulting (TMC) chief executive Bianca Goodson said she found her signature on a cover letter to the invoice that was... 

Trillian raked in money for nothing, knew Nene and Gordhan would be fired, Eskom inquiry hears

By: African News Agency      31st October 2017 A former top executive of Trillian Capital Partners on Tuesday confirmed that the company did work for Eskom to the tune of R600-million without any formal contract with the power utility after earning R93-million from Transnet for no services rendered. Mosilo Mothep’s testimony before... 

Outa accuses Eskom consultants of ‘gambling’ with public money

By: Kim Cloete     19th October 2017 The Organisation Undoing Tax Abuse (Outa) has alleged that Eskom consultants Trillian Capital Partners have been “dabbling” in derivatives and losing billions of rands in the process. “Trillian has been dabbling in derivatives with our public money, racking up losses of R27-billion,” Outa... 

Black Business Council says Eskom CEO musical chairs doesn’t inspire confidence 

By: African News Agency      9th October 2017 The Black Business Council (BBC) said on Monday that it was concerned by the sudden change of leadership at State-owned power utility Eskom, saying that government must give the enterprise some space and not meddle in its affairs. This comes after Eskom last week appointed its chief information... 

McKinsey told Eskom of transparency risk at Trillian Capital

By: Bloomberg     3rd October 2017 Eskom Holdings continued to pay Trillian Capital Partners even after McKinsey & Co warned the South African State power company that it had concerns over transparency at the project development partner. Letters written in March 2016 by McKinsey to Eric Wood, the chief executive officer of... 

McKinsey, KPMG targeted as South Africa graft scandal widens

By: Bloomberg     15th September 2017 After helping topple one of Britain’s best known public-relations companies, South African anti-corruption groups are now targeting US consultancy McKinsey & Co. and auditing firm KPMG for doing work for businesses tied to the Gupta family and President Jacob Zuma’s son. The Guptas, originally... 

Sexwale appoints advocate to investigate possible corruption allegely involving Trillian

By: Anine Kilian     4th November 2016 Advisory group Trillian Capital Partners has appointed Advocate Geoff Budlender to lead an inquiry into the company regarding allegations of corruption, announced nonexecutive chairperson Tokyo Sexwale on Friday. This follows a Sunday Times article published last week alleging that a member or... 

Sexwale to probe shock Trillian Gupta, Nenegate allegations

By: News24Wire      26th October 2016 Tokyo Sexwale, independent nonexecutive chair of Trillian, plans an independent investigation in order to fully test the veracity of allegations made in a Sunday newspaper this past weekend. The Sunday Times alleged pre-knowledge by a member or members of Trillian concerning President Jacob... 

Melrose Arch gives Trillian Capital Partners’ fresh new headquarters

22nd September 2016 Securing new headquarters at South Africa’s most sought after business address, Trillian Capital Partners has moved its head office to Melrose Arch, crafting a fresh and highly collaborative workspace that supports its business. Adding to the long list of corporate heavyweights already enjoying... 

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