Economy

PR company collapses following South Africa scandal

PR company collapses following South Africa scandal”

The recently expelled public relations firm, Bell Pottinger is under serious pressure to sell itself within next month else it would face the closure of the business by the year's due to huge amounts of debt.

"At last, there's a bit of justice after Bell Pottinger's malevolent, scandalous, fake news campaign, which re-racialised South African politics in a terrible way", he said.

A BDO spokesman said: "Following an immediate assessment of the financial position, the administrators have made a number of redundancies".

As a result, several clients including HSBC band and luxury goods company Richemont had severed ties with the firm.

Bell Pottinger had around 250 staff, and around half are believed to have been made redundant.

"We have taken appropriate steps to preserve the rights Bell Pottinger may have in relation to the failure of the business". Its subsidiaries in Asia and the Middle East, which are legally separate, have already moved to rebrand as separate entities.

"White monopoly capital" was one of the slogans Bell Pottinger used on behalf of Oakbay Capital, an investment holding company run by the Indian Gupta family.

He said: "The majority of those employed by Bell Pottinger bear no responsibility for the company's actions in South Africa". This was widely viewed as racially divisive, with a focus on "economic apartheid".

The company was created in 1987 by Tim Bell, one of Margaret Thatcher's foremost PR advisers, and is well known in the United Kingdom for its links to the world of politics and business.

The PR firm can not reapply to join the PRCA for at least five years after it was found to have breached two clauses of the organisation's professional charter and two clauses of its code of conduct.

Things aren't looking so well for the castellated PR firm after it's expulsion from the industry trade body for rousing racial divisions in South Africa during its most recent Campaign.



Like this

loading...
loading...

Latest


13 Сентября 2017
CJ McCollum Calls Out Journalists After NBA Player Rankings Drop
This week ESPN and Sports Illustrated revealed their top 100 National Basketball Association players entering the 2017-18 season. It's plain disrespectful to Melo, who has never averaged under 20 points a game in his entire career so far.

13 Сентября 2017
Taking high doses of apricot kernel extract could be lethal
Apricot kernels, along with cherry seeds, peach pits and apple seeds, can release cyanide in the body. . The man was lucky that the doctors caught the proof of cyanide, as he was not seen with any symptoms.

13 Сентября 2017
Ronda Rousey 'Proud' of Shayna Baszler's WWE Work, Quiet on Own Future
Everything that she's done has been to prove to herself and everyone else that she deserves to be here. In an interview afterward, Rousey was very complimentary of the WWE and their performance center.

13 Сентября 2017
Bibiana Steinhaus: Ein Debüt ohne Probleme
Spätestens nach einer Stunde war es dann ein Bundesligaspiel, in dem auch eine Schiedsrichterin nicht weiter auffiel. Ein völlig missglückter Rückpass von Stark aus vierzig Metern war zum Eckball im Aus gelandet.

13 Сентября 2017
Poundland hit with backlash over sale of 'offensive' candies
Dr Sophie Dix, of charity MQ: Transforming Mental Health , told The Sun: 'Such offensive language and distressing imagery is a real step backwards'.

13 Сентября 2017
Preckwinkle says she was surprised at pushback to soda tax
New polling suggests that Cook County residents don't believe what pro-soda tax ads are saying about the health motivation behind the county's new sweetened beverage tax.

13 Сентября 2017
Así 'sacudió' el huracán Irma las caderas de Jennifer Lopez
Alex Rodríguez compartió un video de Jennifer López mientras mueve las caderas al ritmo de " Safari ", popular tema de J Balvin . Sin embargo, esta vez no fue Jennifer quién habría subido un sensual baile a la red social Instagram sino su novio.

13 Сентября 2017
Atossa Genetics Inc. (ATOS), Oracle Corporation (ORCL) Stock Eyes Ahead of Earnings
In general, more thrust is placed on most recent actions by assigning higher weights to it than those assigned to past movements. Sidoti & Co. "Downgrades" Atossa Genetics Inc (NASDAQ:ATOS) in a research note issued to investors on 10/07/13 to Neutral.

13 Сентября 2017
Significant winds bear down on Florida Keys
Nearly 16 percent of central and south Florida have lost power and widespread outages are expected as the storm progresses. Florida cities such as Naples, Sarasota, and Tampa are in or near the forecast path of the storm's eye.

13 Сентября 2017
Android Oreo bug disables mobile data on Nexus and Pixel devices
Moreover, the Pixel 2 duo are expected to carry some new features that are not available on the existing version of Android 8 .0. Go figure?! Even so, we've had word from Verizon users who have received this update and with it the September security patch.