Audio By Carbonatix
South Africa is targeting the giant consulting firm Deloitte, as it seeks to reclaim money allegedly lost to corruption over the past decade.
The state-owned power company Eskom has gone to court to demand Deloitte pay back $14m (£10m) that it says was improperly awarded.
Eskom alleges Deloitte charged five times more than its competitors for work done back in 2016.
The company is struggling to repair the damage caused by a giant corruption scandal known in South Africa as “state capture".
Deloitte insists it did nothing wrong and will fight the claim in court.
South Africa's state-owned power company Eskom has been caught up in the "state capture" allegations
But it is not the first giant multi-national company to get caught up in South Africa’s “state capture” scandal.
McKinsey, Bain, SAP and KPMG have also been accused of working with corrupt local officials. They have denied wrongdoing. But several have already paid money back.
South Africa’s former President Jacob Zuma was kicked out of office in 2017 for allegedly presiding over the scandal. His successor is now trying to restore trust in Eskom and other key state institutions.
But a string of recent power cuts has underlined the scale of the task ahead, and the extraordinary damage done to South Africa’s economy, and its young democracy, by years of systematic corruption.
South Africa's state-owned power company Eskom has been caught up in the "state capture" allegations
But it is not the first giant multi-national company to get caught up in South Africa’s “state capture” scandal.
McKinsey, Bain, SAP and KPMG have also been accused of working with corrupt local officials. They have denied wrongdoing. But several have already paid money back.
South Africa’s former President Jacob Zuma was kicked out of office in 2017 for allegedly presiding over the scandal. His successor is now trying to restore trust in Eskom and other key state institutions.
But a string of recent power cuts has underlined the scale of the task ahead, and the extraordinary damage done to South Africa’s economy, and its young democracy, by years of systematic corruption.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Increase Ghana’s share in the value chain through partnerships, not isolation – Ing. Ashigbey
9 minutes -
AIB Ghana to release report on fatal Tema microlight aircraft crash today
14 minutes -
Krachi East school feeding programme near collapse as cooks threaten boycott over unpaid allowances
15 minutes -
Cedi’s depreciation does not make it world’s weakest currency — Hopeson Adorye
17 minutes -
Auditor-General recommends sanctions for Ussif, Dr Ofosu-Asare and Kartey over GHC 726m administrative lapses, procurement breaches
33 minutes -
Tanyigbe SHS plunged into darkness as fallen electricity pole disrupts WASSCE preparation
34 minutes -
Photos: IGP engages personnel amid Atebubu-Yeji security operations
36 minutes -
Beyond the Boardroom: An African Union Day reception at White Restaurant & Garden
37 minutes -
Swedru: 23-year-old apprentice missing after falling into floodwater
44 minutes -
9 in 10 Ghanaians trust vaccines, support local production — Survey
45 minutes -
Rainstorm wreck houses in Ketsi, Koensim
53 minutes -
US launches new strikes on Iran, targeting missile sites and boats
53 minutes -
BoG directs MTN to halt 0.75% charge on MoMo-to-bank transfers from June 1
54 minutes -
BoG suspends implementation of 0.75% wallet to bank transfer fee
58 minutes -
Livestream: To nationalise or Transform? Joy Business hosts roundtable on Ghana’s extractive future
1 hour