Recent investigations of American Company Corruption in SA

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Jan 12, 2022, 09:03

The two major companies from the USA that got contracts from SA Government  involving millions through obvious kickback means - namely Bains iro the SA Revenue Service and McKinsey (Eskom  and the SA Rail Service).

Apparently both these companies have had or still has links to US Politicians - eg Bains had close ties with Mitt Romney and the institutional framework he introduced in the company are  still use as the company basis of operation.

However, the links between the Democrats and McKinsey is a major problem as is evidenced by the following:-

 "Just a week before the Times broke Rebate-gate, Joe Biden announced that he’d chosen McKinsey’s deputy general counsel and head of public affairs, Louisa Terrell, as his head of legislative affairs. Now, Axios reports that Biden is considering Pete Buttigieg to be his ambassador to China. Buttigieg, too, spent his profoundly unidealistic youth at McKinsey, as I wrote about in Jacobin a year ago"

There obviously is a problem when US Politicians have links to a company that operated on a corrupt basis in other countries in the world when the Company  which have huge  Government contracts in the USA, but are also working for the Chinese Communist Party Government in China, can be regarded as corrupt  and the question is does it not foster corruption in the USA as well.  Why are corruption in the USA becoming institutionalized  and companies protected as a result of their links to Government? 

How can countries like SA ever be successful with there  struggles against State Corruption when corrupt US politicians and Public Servants have links to corrupt US companies?

   .

Jan 13, 2022, 17:31

McKinsey is a highly ethical company which hires the very best from the top Business Schools around the world. But it’s comprised of human beings…..no matter how careful you are there will always be a few bad apples. That’s more likely to happen far away from mainstream.

Jan 13, 2022, 20:17

Those two companies cost SA at lest a $300 billion by their destruction of the Revenue Services and malfunctioning of  Escom and SA Rail Services,   It is not what they were paid is the resul of what they did.   There reps in SA had direct links with Zuma and they convinced him they can help with what he wanted to achieve through State Capture.   

Phase I of the the Zondo Report  is out  and the chances are the two companies will end up in court. being party to financial mismanagement and charged with bribery and corruption.   

Any company linked to Biden cannot really be all that ethical.

Wonder what will be in the Phase 2 and   3 reports/          

Jan 13, 2022, 21:11

McKinsey isn’t linked to Biden, anymore than Goldman Sachs was linked to Trump. These blue chip firms have many smart people working for them….some are bound to find their way into current administrations.

Jan 13, 2022, 22:13

Mozart

I do not like dishonesty in Government - whether in SA or the USA.   Biden is not exactly a model of rectitude and is probably as corrupt as Zuma is.   Be it as it may I think it is necessary to call those companies to account and hope they are high on the list of companies to be charged with criminal activities.    

 
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