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You are at:Home » McKinsey and Bain Controversy Sparks G20 Row Presidency’s Disapproval
POLITICS

McKinsey and Bain Controversy Sparks G20 Row Presidency’s Disapproval

By mdntvDecember 18, 2024No Comments4 Mins Read
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There’s something that’s causing quite a stir in South Africa right now. The country’s Presidency is not happy, and it’s all because of two big consulting firms: McKinsey and Bain. These companies have been given important roles in the G20 and Energy Council of South Africa, but there’s a catch – they’ve got a bit of a troubled past.

You see, during Jacob Zuma’s time as president, these firms were mixed up in some pretty serious allegations. We’re talking about corruption and financial funny business involving state-owned companies. It’s like inviting the school troublemakers to be hall monitors – it just doesn’t sit right with everyone.

Appointments Under the Microscope

McKinsey has landed a sweet deal as a supporting partner for the B20. If you’re wondering what that is, it’s the group that helps businesses get involved in next year’s G20 meeting. It’s a big deal, and usually, you’d want someone squeaky clean for a job like that.

Bain’s New Role

As for Bain, they’ve been put in charge of the project management office for the Energy Council of South Africa. This council is tied to the National Energy Crisis Committee of Ministers (Necom). Given South Africa’s ongoing energy challenges, this is a pretty important position.

What the Presidency Has to Say

The folks at the Presidency aren’t mincing words. They’re saying these appointments are like putting a fox in charge of the henhouse. It doesn’t exactly inspire confidence, does it? They’re worried that having these companies in such important roles might make people trust the government even less.

They’re calling on businesses to think twice about who they’re partnering with. It’s like they’re saying, “Come on, guys, surely we can find someone without all this baggage?”

Busa’s Involvement and Response

Now, Business Unity South Africa (Busa) is right in the middle of all this. They’re heavily involved in getting ready for the G20, and word on the street is they had a hand in giving McKinsey their new role.

When asked about it, Busa’s CEO, Cas Coovadia, played it cool. He said they’re not going to talk about it publicly until they’ve had a chat with the Presidency. It’s like when your parents say, “We’ll discuss this later” – you know something’s up.

The Zondo Commission’s Findings

Remember the Zondo Commission? It was led by former Chief Justice Raymond Zondo, and it dug deep into state capture. Both McKinsey and Bain came out of that investigation looking pretty bad. It’s like they got caught with their hands in the cookie jar, and now everyone’s giving them the side-eye.

Bain, in particular, took a big hit for its part in the South African Revenue Service (SARS) scandal. It’s been tough for them to shake off that reputation.

A Call for Change

The Presidency isn’t just complaining – they’re calling for action. They want these appointments reconsidered. It’s like they’re saying, “Let’s press the reset button and start over with someone we can all trust.”

This whole situation shows that South Africa is still dealing with the fallout from state capture. It’s like trying to clean up after a really messy party – it takes time, and sometimes you find mess in unexpected places.

What This Means for Everyone

This controversy isn’t just a local issue. It’s making waves on the international stage, especially with the G20 involved. It’s like South Africa is trying to host a dinner party, but some of the guests are raising eyebrows at the choice of cooks.

Trust and Accountability

At its core, this is all about trust and doing the right thing. The government is trying to rebuild people’s faith in how things are run. It’s like they’re saying, “We’ve learned our lesson, and we’re trying to do better.”

“Choose your partners wisely – your reputation depends on it.”

This situation is a reminder that in both business and government, the company you keep matters. It’s not just about what you do, but who you work with that shapes how people see you.

As we watch this story unfold, it’ll be interesting to see how businesses and the government respond. Will they stick to their guns or make changes? Only time will tell, but one thing’s for sure – people are paying attention, and they’re expecting better.

 

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