Presidency concerned with the recent appointments of Mckinsey and Bain

The Presidency has noted with concern the recent appointments of McKinsey as a supporting partner to the B20, the business engagement group that meets on the sidelines of the G20 and coordinates the participation of business in the G20, and Bain to the Project Management Office of the Energy Council of South Africa.

Whilst the Presidency or government has no control over the B20 processes, it does not endorse the appointment of McKinsey in this regard. Similarly, the Presidency does not condone the inclusion of Bain in supporting the activities of NECOM. The appointments do not contribute to the engendering of public trust and promotion of good governance, given the well documented role of the two firms in state capture and corruption.

The Presidency calls on business to reconsider its position and to appoint more suitable partners for these important endeavours.

Media enquiries: Vincent Magwenya, Spokesperson to the President - [email protected]

Issued by: The Presidency
Pretoria