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McKinsey to repay R870m to Transnet within a week


McKinsey to repay R870m to Transnet within a week
The funds will be paid over on May 31
PREMIUM
By Lisa Steyn - 26 May 2021
McKinsey & Co, one of the world’s biggest consultancy houses, which was caught up in state capture allegations, will pay back R870m in fees and interest earned on shady contracts at Transnet within the coming five days, it said on Tuesday.
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Hollywood embracing diversity could boost revenue by $10 billion


Black talent is underrepresented across the film and television industry, and it’s costing Hollywood billions.
So says McKinsey & Co, which found consumers might spend as much as $10 billion more, or an additional 7 per cent, if film and TV projects were more racially diverse. Black-led projects have been un­derfunded and undervalued, despite often providing a better return on investment, it said in a report on Thursday.
“Executives should aspire for even higher upside as audi­e­n­ces become more diverse and the growth in demand for diverse content far outstrips supply growth,” said the report.
Hollywood studios have for years produced films and shows that disproportionately cast White men. Netflix, the world’s biggest streaming service, is making some headway at diversifying Hollywood, but it’s still got a ways to go, particularly behind the camera. And the Hollywood Foreign Press Association, which puts on the TV awards show the Golden Globes, has be ....

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Whistleblower Bianca Goodson tells Zondo commission Eskom R1.6bn payment went directly to Gupta associate company


Siviwe Feketha > By Siviwe Feketha - 04 March 2021 - 14:16
Former Trillian Management Consultancy (TMC) CEO and whistleblower Bianca Goodson has recounted how she was barred from seeing any payments from Eskom to the company during her brief stint there because transactions were tightly controlled by Gupta associates.
Goodson, who blew the whistle on how the company swindled millions of rands from the power utility through dodgy dealings and without doing much work, took the stand at the Zondo commission on Thursday where she detailed operations of the company when she joined it in January 2016.
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The Great Workplace Migration: McKinsey Report Shows 25% Of Workers May Need To Switch Jobs Post-Pandemic


Because of the pandemic’s impact on low-wage jobs, we now estimate that almost all growth in labor demand will occur in high-wage jobs, the report says. Going forward, more than half of displaced low-wage workers may need to shift to occupations in higher wage brackets and requiring different skills to remain employed.
That is, as many as 25% of workers in the world s advanced economies, including the U.S., will need to find different occupations by 2030  ones requiring more advanced skills. That will put immense pressure on governments, corporations and other organizations to provide the training necessary to make such a transition. ....

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