South Africa
MapoList


McKinsey drawn into South Africa’s Gupta business scandal

McKinsey has been drawn into the scandal around South Africa’s powerful Gupta business family after revealing that a partner who allegedly misrepresented the consultancy in a deal with a Gupta-linked investment company would temporarily stand down.

Новости - mainAssistant.com

McKinsey drawn into South Africa’s Gupta business scandal

McKinsey has been drawn into the scandal around South Africa’s powerful Gupta business family after revealing that a partner who allegedly misrepresented the consultancy in a deal with a Gupta-linked investment company would temporarily stand down.

The firm said that Vikas Sagar, a director in its South African office, would take a leave of absence to allow an internal investigation to proceed after he “inaccurately characterised” Mckinsey’s ties with Trillian Capital, a company owned by Salim Essa, a close business associate of the Guptas.

The move demonstrates how international companies have become entangled in the fallout from allegations that the Guptas used their friendship with President Jacob Zuma to obtain lucrative state contracts and sway public appointments — referred to locally as state capture — to bolster their mining-to-media business empire.

The long-running Gupta scandal has cast a shadow over the Zuma presidency and fuelled tensions within the ruling African National Congress, which will choose Mr Zuma’s successor in December.

McKinsey acted after evidence emerged that Mr Sagar wrote to Eskom, South Africa’s state-owned power monopoly, last year stating that the firm had subcontracted certain services to Trillian.

The consultancy said that managers in its South African office had been “surprised to learn” of Mr Sagar’s letter to Eskom, which was revealed in an investigation into Trillian’s alleged involvement in state capture. The consultancy said it had “carried out work with Trillian at Eskom, but did not have a formal subcontract with them” and did not hire Trillian as a local supplier.

Both the Guptas and Mr Zuma have denied the accusations of corruption, which have been fuelled by recent email leaks that exposed an alleged complex web of influence from the Guptas to the heart of the ANC.

Last week Bell Pottinger, the British public relations adviser, apologised for work it had done for a company owned by the Guptas, saying its management had been misled over “inappropriate and offensive” social-media campaigning linked to the contract. Bell Pottinger was widely accused in South Africa of inciting racial tension to divert criticism of the family.

The Trillian investigation was launched last year by Tokyo Sexwale, the company’s outgoing chairperson and a senior member of the ANC. Mr Sexwale called for the probe following allegations that executives at Trillian were aware that Nhlanhla Nene would be sacked as finance minister weeks before it was announced in late 2015.

Mr Sexwale, a former supporter of Mr Zuma, wants the investigation’s report to be included in a judicial inquiry into state capture.

Geoff Budlender, the lawyer who led the Trillian investigation, said in the report last month that the apparent relationship between McKinsey and Trillian “served little purpose other than to provide a substantial financial benefit to Trillian and its shareholders — and presumably to induce Eskom to award the contract to McKinsey”.

The consultancy said it did not accept Mr Budlender’s conclusion and would not enter into supplier contracts “simply to provide financial benefit for a partner firm.” The group has brought in the law firm Norton Rose Fulbright to investigate Mr Budlender’s findings.

McKinsey managers decided not to partner with Trillian as a supplier last year following concerns over the firm’s ownership, people familiar with the matter said.


FT

Google+FT

')"> Facebook Twitter Link

Battle of Britain: Michael 'Venom' Page and Paul 'Semtex' Daley ready for war at Bellator 216

It's the hottest rivalry in Bellator MMA and the biggest fight in British MMA history. And after a two-year build-up, Michael 'Venom' Page and Paul 'Semtex' Daley will finally do battle at Bellator 216 on Saturday night. Read Full Article at RT.com
RT - Daily news

Battle of Britain: Michael 'Venom' Page and Paul 'Semtex' Daley ready for war at Bellator 216

It's the hottest rivalry in Bellator MMA and the biggest fight in British MMA history. And after a two-year build-up, Michael 'Venom' Page and Paul 'Semtex' Daley will finally do battle at Bellator 216 on Saturday night. Read Full Article at RT.com

Talks on Patriot missiles get rocky, no step back from deal with Russia – Erdogan

Talks on buying US-made Patriot missile systems aren't going smoothly, as Americans are giving the cold shoulder to Turkish requests, President Recep Tayyip Erdogan said after his trip to Russia. Read Full Article at RT.com
RT - Daily news

Talks on Patriot missiles get rocky, no step back from deal with Russia – Erdogan

Talks on buying US-made Patriot missile systems aren't going smoothly, as Americans are giving the cold shoulder to Turkish requests, President Recep Tayyip Erdogan said after his trip to Russia. Read Full Article at RT.com

Pioneer Preparatory receive BBC Micro:bits

The Pioneer Preparatory Primary students have been equipped with BBC Micro:bits through a kind donation from the National Telecommunications Regulatory Commission (NTRC). With funding from the Universal Service Fund, the NTRC donated approximatly $ 50,200.00
Dominica News Online

Pioneer Preparatory receive BBC Micro:bits

The Pioneer Preparatory Primary students have been equipped with BBC Micro:bits through a kind donation from the National Telecommunications Regulatory Commission (NTRC). With funding from the Universal Service Fund, the NTRC donated approximatly $ 50,200.00 worth of ICT equipment to...

В Конгрессе назвали «грубым злоупотреблением властью» решение Трампа ввести режим ЧП на границе

Судебный комитет Палаты представителей начал расследование в связи с объявленным режимом ЧП. Ведомство требует провести слушания с участие
В мире - NEWSru.com

В Конгрессе назвали «грубым злоупотреблением властью» решение Трампа ввести режим ЧП на границе

Судебный комитет Палаты представителей начал расследование в связи с объявленным режимом ЧП. Ведомство требует провести слушания с участием юрисконсульта Белого дома и представителей Минюста США, чтобы те дали финансовое и юридическое обоснование введению режима ЧП.

Army officer martyred, soldier injured in IED blast along LoC in J&K's Rajouri

An Army officer was martyred and a soldier suffered injuries in an improvised explosive device (IED) explosion along the Line of Control (LoC) in Rajouri district of Jammu and Kashmir on Saturday, officials said. The IED was apparently planted by «enem
India News, Latest News Headlines & Live Updates from India: TOI

Army officer martyred, soldier injured in IED blast along LoC in J&K's Rajouri

An Army officer was martyred and a soldier suffered injuries in an improvised explosive device (IED) explosion along the Line of Control (LoC) in Rajouri district of Jammu and Kashmir on Saturday, officials said. The IED was apparently planted by «enemy forces within Indian territory» in Naushera sector.

'New India' won't spare those who target its soldiers: PM Modi

Continuing his tough talk in the wake of the ghastly strike that claimed the lives of 40 CRPF jawans Thursday, PM Modi said this is a «new India» which will not tolerate those who provide guns and bombs to target security personnel. He said anger
India News, Latest News Headlines & Live Updates from India: TOI

'New India' won't spare those who target its soldiers: PM Modi

Continuing his tough talk in the wake of the ghastly strike that claimed the lives of 40 CRPF jawans Thursday, PM Modi said this is a «new India» which will not tolerate those who provide guns and bombs to target security personnel. He said anger over the horrific assault in Jammu and Kashmir is palpable in the country and all eyes are moist.

China condemns terror attack in Kashmir, offers condolences to slain soldiers' families

In a condolence message to external affairs minister Sushma Swaraj on Friday, foreign minister Wang Yi said he was «shocked to learn that a suicide attack was carried out in Kashmir and heavy casualties were caused». While extending condolences, h
India News, Latest News Headlines & Live Updates from India: TOI

China condemns terror attack in Kashmir, offers condolences to slain soldiers' families

In a condolence message to external affairs minister Sushma Swaraj on Friday, foreign minister Wang Yi said he was «shocked to learn that a suicide attack was carried out in Kashmir and heavy casualties were caused». While extending condolences, he said «terrorism is the common enemy of mankind. The Chinese side resolutely opposes and strongly condemns all forms of terrorism».

Judas kiss: Dealing with betrayal in church

“Smiling faces sometimes pretend to be your friend Smiling faces show no traces of the evil that lurks within Smiling faces, smiling faces sometimes They don’t tell the truth.” Undisputed Truth – Smiling Faces Sometimes...
News

Judas kiss: Dealing with betrayal in church

“Smiling faces sometimes pretend to be your friend Smiling faces show no traces of the evil that lurks within Smiling faces, smiling faces sometimes They don’t tell the truth.” Undisputed Truth – Smiling Faces Sometimes...

Northern B.C. First Nation clan says ancient tools found at pipeline work site

Coastal GasLink says it has suspended pipeline work south of Houston, B.C., while claims of the discovery of Indigenous artifacts on the site are investigated.
CTVNews.ca - Canada - Public RSS

Northern B.C. First Nation clan says ancient tools found at pipeline work site

Coastal GasLink says it has suspended pipeline work south of Houston, B.C., while claims of the discovery of Indigenous artifacts on the site are investigated.

Conservative leaders to attend pro-pipeline rally in Saskatchewan

Federal Tory leader Andrew Scheer and the conservative premiers of Saskatchewan and New Brunswick are to speak today at a pro-pipeline rally near the Saskatchewan-Manitoba boundary.
CTVNews.ca - Canada - Public RSS

Conservative leaders to attend pro-pipeline rally in Saskatchewan

Federal Tory leader Andrew Scheer and the conservative premiers of Saskatchewan and New Brunswick are to speak today at a pro-pipeline rally near the Saskatchewan-Manitoba boundary.

Kaepernick accused of 'selling out' as NFL collusion case settlement ‘could net him up to $80mn’

NFL outcast Colin Kaepernick has been accused of “selling out” after speculation he could be paid up to $80 million for settling his collusion complaint with the league. Read Full Article at RT.com
RT Sport

Kaepernick accused of 'selling out' as NFL collusion case settlement ‘could net him up to $80mn’

NFL outcast Colin Kaepernick has been accused of “selling out” after speculation he could be paid up to $80 million for settling his collusion complaint with the league. Read Full Article at RT.com

US aimed at promoting own interests mindless of consequences for others, says Ryabkov

According to Russian Deputy Foreign Minister, Pence’s words mean that the US is proud of expelling Russian diplomats due to the Skripal case
TASS

US aimed at promoting own interests mindless of consequences for others, says Ryabkov

According to Russian Deputy Foreign Minister, Pence’s words mean that the US is proud of expelling Russian diplomats due to the Skripal case

Merkel says US calling European cars a threat is 'frightening'

German Chancellor Angela Merkel on Saturday labelled as "frightening" tough US trade rhetoric planning to declare European car imports a national security threat.
Channel NewsAsia

Merkel says US calling European cars a threat is 'frightening'

German Chancellor Angela Merkel on Saturday labelled as "frightening" tough US trade rhetoric planning to declare European car imports a national security threat.

India's semi high-speed train breaks down a day after its launch

India's first locally built semi high-speed train broke down early on Saturday on its way back to New Delhi from Varanasi in northern Uttar Pradesh, a day after its inauguration by Prime Minister Narendra Modi.
Channel NewsAsia

India's semi high-speed train breaks down a day after its launch

India's first locally built semi high-speed train broke down early on Saturday on its way back to New Delhi from Varanasi in northern Uttar Pradesh, a day after its inauguration by Prime Minister Narendra Modi.

Ferguson set for Man United return in charity match

Former Manchester United manager Alex Ferguson will return to the dugout for a charity match to celebrate the 20th anniversary of the team's treble-winning season, the Premier League club said on Saturday.
Channel NewsAsia

Ferguson set for Man United return in charity match

Former Manchester United manager Alex Ferguson will return to the dugout for a charity match to celebrate the 20th anniversary of the team's treble-winning season, the Premier League club said on Saturday.

Low blow! Mitrione takes out Kharitonov with agonizing below-the-belt kick at Bellator 215 (VIDEO)

The first leg of Bellator MMA's double-header weekend got off to a stuttering start, with the heavyweight main event between Matt Mitrione and Sergei Kharitonov ending in a no-contest after just 15 seconds in Connecticut. Read Full Article at RT.com
RT Sport

Low blow! Mitrione takes out Kharitonov with agonizing below-the-belt kick at Bellator 215 (VIDEO)

The first leg of Bellator MMA's double-header weekend got off to a stuttering start, with the heavyweight main event between Matt Mitrione and Sergei Kharitonov ending in a no-contest after just 15 seconds in Connecticut. Read Full Article at RT.com

Iran promotes using remote sensing satellites in agriculture

TEHRAN -- According to a recent agreement signed between the Iranian Space Research Center and the Ministry of Agriculture, remote sensing satellites are planned to be used in different sections of the agricultural industry, Mehr reported on Wednesday.
Tehran Times

Iran promotes using remote sensing satellites in agriculture

TEHRAN -- According to a recent agreement signed between the Iranian Space Research Center and the Ministry of Agriculture, remote sensing satellites are planned to be used in different sections of the agricultural industry, Mehr reported on Wednesday.

Knowledge-based power projects are supported

TEHRAN – Iran’s Energy Research Institute supports knowledge-based projects which promote and meet demands of the electric power industry, IRNA reported.
Tehran Times

Knowledge-based power projects are supported

TEHRAN – Iran’s Energy Research Institute supports knowledge-based projects which promote and meet demands of the electric power industry, IRNA reported.

National optical fiber network to expand by 20% to 84,000km

TEHRAN -- The Telecommunication Infrastructure Company will expand the national optical fiber network by 14,000 kilometers to 84,000 kilometers by the next two months, the company’s managing director Sadeq Abbasi Shahkouh said, Mehr reported on Friday.
Tehran Times

National optical fiber network to expand by 20% to 84,000km

TEHRAN -- The Telecommunication Infrastructure Company will expand the national optical fiber network by 14,000 kilometers to 84,000 kilometers by the next two months, the company’s managing director Sadeq Abbasi Shahkouh said, Mehr reported on Friday.

Nationwide multi-sport event organized for the elderly 

TEHRAN — Iran’s national retirement fund will hold a nationwide multi-sport event in the Iranian calendar month of Ordibehesht (April 21-May 21), YJC reported on Friday. 
Tehran Times

Nationwide multi-sport event organized for the elderly 

TEHRAN — Iran’s national retirement fund will hold a nationwide multi-sport event in the Iranian calendar month of Ordibehesht (April 21-May 21), YJC reported on Friday. 

CNAMGS : Renaud Allogho Akoue impulse une dynamique sociale en faveur des employés

La Caisse Nationale d'Assurance Maladie et de Garantie Sociale (CNAMGS) a célébré la fête du nouvel an le vendredi 8 février dernier à Libreville. C'était l'occasion pour le syndicat du personnel de l'organisation (SYNA-CNAMGS) de faire le point des n
GABONEWS

CNAMGS : Renaud Allogho Akoue impulse une dynamique sociale en faveur des employés

La Caisse Nationale d'Assurance Maladie et de Garantie Sociale (CNAMGS) a célébré la fête du nouvel an le vendredi 8 février dernier à Libreville. C'était l'occasion pour le syndicat du personnel de l'organisation (SYNA-CNAMGS) de faire le point des négociations entamées en 2018 avec la direction générale. Les agents de la Caisse Nationale d'Assurance Maladie et de Garantie Sociale (CNAMGS) se sont retrouvés pour communier ensemble.Une rencontre qui a permis aux uns et les autres de renforcer leurs liens (...) - SOCIETE / SUJET_ECRIT_MAISON

How corruption and impunity are aiding terrorism in Kenya

Kenya is a powerhouse — politically, militarily and economically — in this part of the world. And on paper, it is governed by one of the world’s best counter-terror strategies. So, why is Kenya a sitting target for extremists?
Hiiraan Online

How corruption and impunity are aiding terrorism in Kenya

Kenya is a powerhouse — politically, militarily and economically — in this part of the world. And on paper, it is governed by one of the world’s best counter-terror strategies. So, why is Kenya a sitting target for extremists?

TNA for UNHRC resolution seeking more time for Lanka

The Tamil National Alliance (TNA) said yesterday it would stand for a fresh resolution to be moved by some western countries asking for more time for Sri Lanka to implement the provisions of the previous UNHRC resolution.
dailymirror.lk

TNA for UNHRC resolution seeking more time for Lanka

The Tamil National Alliance (TNA) said yesterday it would stand for a fresh resolution to be moved by some western countries asking for more time for Sri Lanka to implement the provisions of the previous UNHRC resolution.

Get more results via ClueGoal