Consulting company McKinsey and Gupta-associated Trillian have both agreed to repay the R1.6 billion they received from Eskom.
Deputy Editor at Financial Mail Sikonathi Mantshantsha says McKinsey has been keeping the R1 billion in a trust fund for a over a year but is surprised that nobody is talking about the interest.
When I did ask them about the interest they said to me, 'Well, Eskom did not ask for it.'.— Sikonathi Mantshantsha, Deputy Editor at Financial Mail
According to Mantshantsha the interest on the amount over 12 months should be in the region of R160 million.
That is a bribe on its own. If you were to let me keep it, of course I'd be happy to return the stolen R1.6 billion— Sikonathi Mantshantsha, Deputy Editor at Financial Mail
To hear the rest of the analysis from Sikonathi Mantshantsha, listen below: