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Posts about Consultancy

Booz Allen Hamilton: FY2019 highlights strong growth, but with reason to worry about US government


Revenues for Q4 stood at $1.8bn, representing a 9.1% increase for the same period a year ago, while financial year end revenues reached $6.7bn – a huge 8.7% increase year-on-year. EBITDA for the year increased 15.4% to $675m, while net income was the company’s biggest mover compared to 2018, with a 34.2% increase to reach $395m. Booz Allen Hamilton is also wary of the company’s reputation being damaged by the US government. Reputation issues could be pointed towards President Trump and his potential to create public outcry for the company,… Read more

Australia Banking sector under misconduct investigation


Finance is Australia’s biggest industry, and its banks are some of the most profitable in the world. Australia’s “Big Four” – Commonwealth Bank (CBA), ANZ, National Australia Bank (NAB) and Westpac – collectively hold about 80% of the country’s banking market. Despite its strong position, Australia’s banking and financial services sector has been rocked by a series of scandals over the last decade, with all “Big Four” largest banks being accused of serious misconduct. As a result, a royal commission, Australia’s highest form of public inquiry, has been called to… Read more

KPMG South Africa involved in “Zuptagate” scandal: Senior staff fired as audits fall “short of the quality expected”


In May 2017, a series of emails were leaked which showed a very close relationship between the Gupta family and the incumbent South African President Jacob Zuma. Opposition parties and civil rights groups claimed that this close relationship had resulted in a whole host of government contracts being given to the Gupta family without the proper procedures being followed. In the midst of this scandal were caught major multinationals like KPMG, McKinsey, Bell Pottinger and SAP. All of them have been associated with the Gupta family’s activities in South Africa… Read more

An inconvenient truth about the euro area


The creation of the euro area was a mistake. Top ranks of business and political classes in Europe were expecting an explosion in trade and economic activity following the creation of the single currency area in 2002. The euro would lubricate the integration of the newly formed euro area. It would be possible to achieve higher levels of growth and long-term prosperity. Unfortunately, the real GDP of the euro area increased only by 1.8% per year between 2001 and 2006 and by merely 0.2% per year within the 2007 -2015… Read more