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The September 2017 review by law firm Herbert Smith Freehills concluded that the firm had breached ethical standards, lacked appropriate policies for managing controversial accounts, and had brought the PR industry into disrepute, and the Public Relations and Communications Association (PRCA) said the firm had received a "damning indictment", having breached four of its conduct charter clauses. The firm had previously stated that the allegations were purely a smear campaign having no truth to them.
On 4 September, the PRCA announced Bell Pottinger's expulsion. Francis Ingham, director-general of the PRCA, described the company's actions, which had incited racial hatred, as "absolutely unthinkable", saying Bell Pottinger had "brought the PR and communications industry into disrepute with its actions, and it has received the harshest possible sanctions."
Lord Bell, a founder of Bell Pottinger, told BBC Newsnight he believed it was unlikely the company could survive the damaging scandal. Following reports that Bell Pottinger had appointed accountancy firm BDO to find a buyer, on 7 September the BBC reported that staff had been told that the firm could go into administration by 15 September 2017. Subsequent reports suggested administration on 12 September, and so it proved, with some staff immediately being made redundant.
On Monday, the family announced that it had sold its 24-hour news station ANN7 and The New Age (TNA) for a combined R450million to controversial ex-government spokesperson Mzwanele Manyi in a vendor finance option. The deal was followed a day later by the disposal of Tegeta for R2.97bn to a Switzerland-based businessman, with more assets expected to be sold off in the coming days and months.
The Gupta family's holding company Oakbay Investments announced on Wednesday that it reached an agreement to sell its Tegeta Exploration and Resources business.
Tegeta, which comprises three coal mines, was sold to the Swiss-based Charles King SA for R2.97-billion.
...PricewaterhouseCoopers had found that the contract was badly and hastily drafted, with clauses apparently cut and pasted from elsewhere...
The Guptas may sell their biggest asset in the information communication technology sector, Sahara Computers, according to Tech Central.
According to sources that spoke with TechCentral Sahara has been retrenching their staff but the company executives have been tight lipped.. Different sources that are apart of the technology distribution channel have said that Sahara may retrench staff.
All my bank accounts have been closed, says angry Duduzane Zuma.
In an open letter to former finance minister Pravin Gordhan, the president’s son says he is selling his shares in Gupta-linked companies to clear his name.
The Save SA campaign has described the letter as a "bizarre attempt to deflect attention away from increasing evidence against him and his cronies of their central role in state capture and corruption. Rather than explain his role in this‚ he resorts to intimidation‚ incitement and hate speech‚ in a style that is increasingly becoming the trademark of the Zuma family."
Duduzane Zuma, the son of President Jacob Zuma, says he is in the process of selling his shares in Gupta-owned Oakbay companies.
Duduzane Zuma has been deeply immersed in the Gupta family and their businesses, leaked Gupta e-mails show.
They tell of the family helping him buy an expensive home in Dubai, organising and paying for his wedding and solving problems in his personal life.
He has been a director of 21 companies, but has resigned from the boards of most of them in the past year. He is still a director of seven companies that seem to have stopped trading.
President Jacob Zuma has survived a motion of no confidence in his presidency, held via secret ballot in Parliament.
Following a two-hour debate and lengthy voting process, 198 MPs voted against the Democratic Alliance's bid to remove Zuma, while 177 voted for.
About 30 ANC MPs voted for Zuma to be removed.
A simple majority of 201 votes was required to remove Zuma as president.
The lead up to the ANC’s elective leadership conference in December this year has seen many twists and turns.
There are basically three post-December 2017 scenarios.
The first is a Dlamini-Zuma victory (“NDZ”), after which the ANC will probably split – and struggle to secure 50% at the polls in 2019. Following which, corruption will persist and economic growth will remain low.
The second is a Ramaphosa victory (“CR17”), after which the ANC could split, but probably not – and where getting 50% at the ballot box could be a little easier. Further, corruption will be tackled and the economy will slowly improve.
The third is the “unity scenario”, whereby there will be either a loser Deputy President and the ANC will paper over the cracks (and struggle at the ballot box), or a compromise candidate may be elected as President, with new possibilities for anti-corruption initiatives, as well as the economy.