South African Presidency Questions McKinsey’s G20 Role

South African Presidency Questions McKinsey’s G20 Role

The South African Presidency has expressed concern over McKinsey's appointment to the business engagement group that meets to coordinate the participation of business in the G20, and Bain's role in South Africa's Energy Council Project Management Office. Highlighting their past involvement in state capture, the Presidency spokesperson Vincent Magwenya states that these appointments undermine public trust and good governance. Magwenya emphasised the need for more credible partners:

December 16, 2024 18

Business / Economics

Financial restructuring strengthens NAMCOR’s performance

The National Petroleum Corporation of Namibia has given an update on its efforts to become a leading energy company. According to Paulo Coelho, Manager of Marketing, Communications, and Public Relations, Namcor is focusing on financial restructuring, improving operations, and accountability to strengthen its performance.

October 2, 2024 42

Business / Economics

Businesses must declare owners, says BIPA

Following the introduction of the beneficial ownership requirement, which became law in 2023, all registered businesses are now required to declare their beneficial owners. We spoke to Ockert Jansen, the Business and Intellectual Property Authority's Executive of Marketing, Corporate Communications, and Client Management Services, to find out if local businesses have complied and the possible repercussions.

June 27, 2024 47