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MCKINSEY HALTS WORK FOR SOES

JOHANNESBURG – Embattled consultancy firm McKinsey has announced that it has suspended all work done for state-owned companies in South Africa until further notice.

The company says that the decision comes after a four-month investigation by its general global council following the scandal surround its dealings with Eskom and Trillian.

Eskom has demanded that McKinsey and Trillian pay back at least R1.6 billion it paid them in disputed contracts.

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