South Africa’s National Prosecuting Authority (NPA) claws back R1.1 billion (approximately $73 million) from McKinsey & Company and its subsidiary McKinsey South Africa through a Corporate Alternative Dispute Resolution process, representing a final settlement of the state capture scandal. …
McKinsey & CompanySouth Africa National Prosecuting AuthorityU.S. Department of JusticeMcKinsey South AfricaEskom+1 moremckinseysouth-africastate-capturecorruptionsettlement+3 more
McKinsey Africa enters into a three-year deferred prosecution agreement with the U.S. Department of Justice, agreeing to pay more than $122 million (approximately R2.2 billion) to resolve criminal charges for conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act. The …
McKinsey AfricaU.S. Department of JusticeVikas SagarSouth African National Prosecuting AuthorityTransnet+1 moremckinseysouth-africastate-capturebriberycorruption+5 more
McKinsey & Company reaches a settlement with South African power utility Eskom Holdings and a unit of the prosecuting authority, agreeing to return approximately R1 billion ($74 million) in fees earned on work for the electricity producer. Eskom had asked McKinsey to pay back the funds the …
McKinsey & CompanyEskomSouth AfricaGupta FamilyJacob Zuma+4 moremckinseysouth-africastate-capturecorruptiongupta-family+2 more
President Reagan vetoes the Comprehensive Anti-Apartheid Act of 1986, calling economic sanctions against South Africa’s white minority regime “economic warfare” and claiming they would hurt the impoverished Black majority. Reagan’s veto represents the culmination of his …
Ronald ReaganDesmond Tutuforeign-policyhuman-rightsapartheidsouth-africareagan-administration