McKinsey

South Africa Declines Collaboration with McKinsey for 2025 G20 Summit

14 days ago

In a significant move that signals a shift in governance and transparency, the South African government has announced it will not be partnering with the global consulting firm McKinsey & Company for the upcoming G20 summit scheduled for 2025. This decision comes amid ongoing scrutiny of the firm's past dealings with the government and reflects a broader effort to enhance accountability and ethical practices in public service.

McKinsey's $122 Million Settlement: A Response to South Africa Bribery Allegations

17 days ago

In a significant development, McKinsey & Company has reached a settlement agreement worth $122 million to resolve allegations related to bribery connected to South Africa’s state-owned companies. This resolution marks a critical juncture in a case that has attracted widespread scrutiny and legal challenges focusing on the consulting firm’s conduct in the region.

McKinsey Sounds Alarm: Banks Face Temporary Profit Rebound Amid Falling Interest Rates

2 months ago

In a recent report, management consulting firm McKinsey & Company has sent a stark warning to banks globally about the precariousness of their profit margins. The firm points out that while there may be a short-lived recovery in bank profits, this rebound is likely to be overshadowed by the ongoing decline in interest rates, which have historically provided a vital cushion for bank earnings.

McKinsey Says Only Climate Tech Cash Can Help Avoid Calamity

3 months ago

Consulting giant McKinsey & Co. has sounded the alarm that the world needs to radically ramp up investments in climate technology if it is going to avoid devastating environmental impacts. It issued this statement in a report underlining the urgent requirement of finance in climate innovation and green technology development.