Statement regarding the National Prosecuting Authority matter

Statements on the Transnet and SAA Matter

Read McKinsey’s statement on its settlement with South African Airways, 5 July 2021

Read McKinsey’s statement on its settlement with Transnet SOC Ltd, 26 May 2021

Read the joint media statement by Transnet SOC Ltd and McKinsey & Company, 25 May 2021 

The background context to this settlement agreement was included in the 9 December 2020 media statement from the Judicial Commission of Inquiry (published here) and McKinsey’s announcement (published here).

VIDEOS ABOUT MCKINSEY’S SETTLEMENT WITH TRANSNET SOC LTD

Minister Pravin Gordhan about McKinsey’s settlement

Honourable Minister Pravin Gordhan of the Department of Public Enterprises comments about McKinsey’s settlement with Transnet and applauds McKinsey’s efforts and that of the board and management of Transnet.

Adv. Chaskalson about McKinsey’s settlement

Evidence Leader Adv. Chaskalson places on record at the Commission that McKinsey will soon have repaid all fees earn, including interest, on contracts with Regiments Capital at Transnet and with Trillian at Eskom.

Adv. Chaskalson about McKinsey’s conduct as a good corporate citizen

Evidence Leader Adv. Chaskalson places on record with the Commission that McKinsey has shown what a responsible corporate citizen does in these circumstances.

Videos of Testimony

Adv. Chaskalson about McKinsey

Evidence Leader Adv. Chaskalson talks about how McKinsey has been unjustifiably criticised in relation to state capture, its ongoing co-operation and transparency with the Commission, and its response to issues of contracts linked to wrongdoing.

Commitment to repay fees

Chief Risk Officer Jean-Christophe Mieszala explains why McKinsey has committed to repay fees.

McKinsey’s regrets and apologies

Chief Risk Officer Jean-Christophe Mieszala talks about our firm’s regrets and apologies.

Regiments and Trillian

Chief Risk Officer Jean-Christophe Mieszala talks about why McKinsey ended its relationship with Regiments and that Trillian was not a SDP to McKinsey.

Internal investigation and findings

Chief Risk Officer Jean-Christophe Mieszala talks about the depth of McKinsey’s internal investigation and its findings.

What McKinsey could have done better

Chief Risk Officer Jean-Christophe Mieszala talks about McKinsey’s mistakes, lapses in judgement, and what the firm could have done better.

Changes in South Africa and globally

Chief Risk Officer Jean-Christophe Mieszala talks about the internal actions McKinsey has taken and changes made both to its South Africa office and globally to its network.

Internal actions

Chief Risk Officer Jean-Christophe Mieszala talks about the internal actions McKinsey has taken and changes made globally in respect of third parties as well as clients.

Approach to work with Public Sector and SOEs

Chief Risk Officer Jean-Christophe Mieszala talks about some of the changes McKinsey has made to how it approaches work for the public sector and State-Owned Entities.

Approach to work with Public Sector and SOEs (Part 2)

Chief Risk Officer Jean-Christophe Mieszala talks about McKinsey’s internal rules, reviews, and diligence of our work for the public sector and State-Owned Entities.

Audio of Testimony

Evidence Leader Adv. Chaskalson talks about how McKinsey has been unjustifiably criticised in relation to state capture, it’s ongoing co-operation and transparency with the Commission, and its response to issues of contracts linked to wrongdoing

00:00
Audio

Chief Risk Officer Jean-Christophe Mieszala explains why McKinsey has committed to repay fees

00:00
Audio

 

Chief Risk Officer Jean-Christophe Mieszala talks about our Firm’s regrets and apologies

00:00
Audio

Chief Risk Officer Jean-Christophe Mieszala talks about why McKinsey ended its relationship with Regiments and that Trillian was not a SDP to McKinsey

00:00
Audio

 

Chief Risk Officer Jean-Christophe Mieszala talks about the depth of McKinsey’s internal investigation and its findings

00:00
Audio

Chief Risk Officer Jean-Christophe Mieszala talks about McKinsey’s mistakes, lapses in judgement, and what it could have done better

00:00
Audio

 

Chief Risk Officer Jean-Christophe Mieszala talks about the internal actions McKinsey has taken and changes made both to its South Africa office and globally to its network.

00:00
Audio

Chief Risk Officer Jean-Christophe Mieszala talks about the internal actions McKinsey has taken and changes made globally in respect of third parties as well as clients.

00:00
Audio

 

Chief Risk Officer Jean-Christophe Mieszala talks about some of the changes McKinsey has made to how it approaches work for the public sector and State-Owned Entities.

00:00
Audio

Chief Risk Officer Jean-Christophe Mieszala talks about McKinsey’s internal rules, reviews, and diligence of our work for the public sector and State-Owned Entities.

00:00
Audio