South African court authorizes freezing of $130 million in McKinsey case - source


  • World
  • Tuesday, 16 Jan 2018

The logo of consulting firm McKinsey + Company is seen at an office building in Zurich, Switzerland September 22, 2016. REUTERS/Arnd Wiegmann

JOHANNESBURG (Reuters) - A South African court has authorized the freezing of 1.6 billion rand ($130 million) in assets earned by global consultancy McKinsey and a firm linked to friends of President Jacob Zuma, a source at the state prosecutors' office told Reuters.

The Pretoria High Court made the decision in December after a request by the National Prosecuting Authority (NPA) to freeze the fees earned by McKinsey and local consultancy Trillian for advising South African power utility Eskom.

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