Only, these days, suspicion has become a business in ways that Smiley, John le Carré's fictional spymaster extraordinaire, might have never imagined. Long before the world learnt this week of memos claiming Russia had compromising material on Donald Trump - memos believed to have been prepared by a former British intelligence officer - the business politely known as corporate intelligence had exploded into a multibillion-dollar industry. Today, private CIAs and MI6s are deeply entwined in business and politics, but their services don't come cheap. The going rate can run as high as $1,200 (about R16,200) an hour, on par with that of a white-shoe Wall Street lawyer. Worldwide, private spooks, sleuths and assorted security experts are expected to rake in $19.4-billion in revenue this year, according to the research firm Gartner. That does not include intelligence operations inside major corporations such as Exxon Mobil, whose CEO, Rex Tillerson, is Trump's choice for US secretary of st...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.