Bell Pottinger findings: ethics breached but 'white monopoly capital' not its creation
Bell Pottinger, the PR firm that allegedly stoked racial tension in SA to forward the interests of the Gupta family’s Oakbay Investments, did not create the term “white monopoly capital”. This is according to an investigation conducted by UK law firm Herbert Smith Freehills (HSF) into Bell Pottinger’s conduct during work done for the controversial family last year, which found that “although on occasion it [white monopoly capital] had been used by them as part of the economic emancipation campaign”, there was no evidence to suggest the firm had invented the term. Bell Pottinger has been accused by the DA of playing on SA’s racial tension to advance a campaign of economic emancipation which has been perceived as an attempt to divert attention from allegations of state capture. Bell Pottinger released the findings of the HSF review on Monday, a day after CEO James Henderson announced his resignation from the PR firm. HSF was asked to conduct the probe by Bell Pottinger and says in its...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.