The British PR agency Bell Pottinger said on Wednesday it had hired the accountancy firm BDO to advise on a possible sale after it lost business for running a racially-charged campaign in South Africa, leaving its future increasingly uncertain.
The banking giant HSBC cut ties with Bell Pottinger and the PR agency’s second-biggest shareholder walked away on Tuesday after it was thrown out of an industry body for running a campaign that the political opposition said had inflamed racial tensions.
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Read more:
Bell Pottinger Middle East says it "flat out rejected" working with South Africa's Guptas
Bell Pottinger expelled from PR association over South Africa controversy
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“I can confirm that we have appointed BDO to look at all options for the business including a possible sale,” a spokesman for Bell Pottinger said.
South Africa’s main opposition party, the Democratic Alliance, had complained to the Public Relations and Communications Association (PRCA) that Bell Pottinger’s campaign was trying to “divide and conquer” the South African public in order to keep the president Jacob Zuma and his party in power.
The PRCA expelled Bell Pottinger for a minimum of five years. The PR firm, founded in 1987, said it accepted there were lessons to be learned, but disputed the basis on which the ruling was made.
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Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
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Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Goodlands Riders: Jamshaid Butt, Ali Abid, JD Mahesh, Vibhor Shahi, Faizan Asif, Nadeem Rahim
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