A new investigative report by Open Secrets highlights once more how consultants greased the wheels of state capture. Big-name global consultancies have been implicated in helping South Africans to capture State-Owned Enterprises to serve corrupt ends.
Noluthando Mthonti-Mlambo speaks to Luvano Ntuli, Investigator at Open Secrets about their new report, “The Consultants – A Corporations and Economic Crime”.
A new report by Open Secrets, revealed here exclusively, details just how consultants have pillaged the state. So how can this disturbing trend be reversed, given the country’s skills crisis?
In The Corporations and Economic Crime: The Consultants, Open Secrets profiles McKinsey & Company, Bain & Company, and, the Boston Consulting Group (BCG). Three companies that occupy immensely influential seats at the tables of the world’s most powerful corporations and governments.
Boston Consulting Group (BCG) is one of the world’s largest consulting firms. Its corporate mission is to “unlock the potential of those who advance the world”. What BGC fails to mention is that this includes its clients who are kleptocrats and dodgy corporations
Please join FM editor Rob Rose and the Open Secrets team for the launch of the The Consultants. We will be discussing the destructive power of BCG, McKinsey and Bain toSouth Africa, and what can be done to hold them to account.
The British government has lifted the three-year ban it imposed on Bain and company last year. In August 2022, London placed a ban on its government doing business with Bain and Company.
Mediated Conversation: auditing firm Deloitte had reached a settlement with the company Tongaat Hulette – over the massive auditing scandal at Tongaat.
Daily Maverick | Sasha Planting | 16 February 2021 | With SA’s Independent Regulatory Board for Auditors (Irba) in a full-blown governance crisis and the Auditing Profession Amendment Bill still wending its way through Parliament, two of the firms involved in SA’s gigantic accounting scandals are attempting to make right for past failings. On Monday,…
