McKINSEY & Co. will repay R650 million for contracts it had with South African Airways and state logistics company Transnet SOC Ltd., as it seeks to clear its name in the country.
The consultancy firm’s chief risk officer, Jean-Christophe Mieszala, will on Thursday testify at a state graft probe. McKinsey said the contracts were carried out together with Regiments Capital, a company associated with the Gupta family, some of whom have refused to return to South Africa from Dubai to face graft charges.
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“The judicial commission has confirmed there is no information that implicates any current personnel of McKinsey in any corruption or impropriety,” the company said in a statement on Wednesday.
“The repayment decision was made following the Judicial Commission’s recent introduction of documents and information
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