McKinsey says will pay back fees if S.African court finds Eskom deal illegal


McKinsey will repay fees it earned for six months’ work last year at South African state utility Eskom if a high court finds the deal was unlawful, the global consultancy said on Tuesday.

Eskom had given McKinsey and its local partner Trillian until Tuesday to repay 1.6 billion rand ($117 million) in consultancy fees for a contract that the state firm says was illegal.

($1 = 13.6881 rand)


Reporting by Joe Brock, editing by Louise Heavens