Déjà vu? McKinsey SA's mea culpa this week for corruption bombs - like it did in 2018. #BizNewsFlashback. LISTEN!

Will SA forgive McKinsey for its role at the centre of state capture? This week, McKinsey’s R650m offer to pay back Transnet, SAA has been rejected by Transnet - which says it owes far more. In 2018, its mea culpa bombed as it claimed “no corruption”, but critics rejected its apology as too little, too late. Listen to this powerful report by BizNews founder Alec Hogg, on events in 2018 when he enjoyed a front row seat at the first public engagement by Kevin Sneader, at the time the new global managing partner. McKinsey & Company is among the businesses in the vortex of South Africa’s State Capture scandal. Sneader, who was been in the post for exactly a week, accepted an invitation from GIBS, a leading South Africa’s business school. A scathing riposte to his 20-minute speech was delivered by the other panelist, Bonang Mohale, CEO of Business Leadership South Africa. Mohale, who is as eloquent as he is outspoken, was formerly chairman of Shell South Africa. The temperature rose even further when the floor was opened to questions where former Competitions Tribunal’s chairman David Lewis and Forensic Investigator Paul O’Sullivan kept up the pressure. Learn more about your ad choices. Visit megaphone.fm/adchoices