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Business Monthly

How PR giant Bell Pottinger made itself look bad

The reputation of global PR company Bell Pottinger has suffered a  massive  blow. The   boss   has   resigned, cli- ents have walked, the firm has been expelled from the Public Relations and Communications Association (PRCA) – and it has now put itself up for sale. All because of its work on a controversial contract in South Africa. Bell Pottinger, which has ...

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Why NIC Bank is increasing ending to SMES

The Banking Amendment Act 2016, which capped commer- cial bank lending rates at 4 per   cent   above   the Central Bank Rate, was supposed to ease access to credit for small borrowers, especially SMEs. But it seems to have achieved the opposite; it has locked out many SMEs from access to credit. “The inability to price for risk has seen many ...

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Brazil’s crisis is a ‘graduation dilemma’, and there’s no easy way out

Tape recordings of Brazilian President Michel Temer and Senator Aecio Neves alleg- edly encouraging the bribing of public officials released last week confirm what already seemed fairly clear: the country is immersed in the worst crisis of its post-1988 demo- cratic history. Not so long ago, Brazil  was being praised as a responsible rising power; a model for other developing ...

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Traditional universities are on the way out: Online is the future for Africa

Education has two faces in today’s world, according to a recent World  Bank  report.  On the one hand there’s the traditional face, where learning takes place in the state-spon- sored classroom. On the other are the private initiatives in which other partners take responsibility for education at all levels. Research suggests that the traditional university has seen its heyday and ...

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Lessons from Samsung and South Korea in cracking down on corruption

South Korea’s scan- dal-plagued president, Park Geun-hye has been forced from office. Park was impeached by the country’s consti- tutional court over accusations that she helped a friend win bribes from Samsung and other South Korean conglomerates. The impeachment follows swift- ly on from the arrest of Lee Jae- yong, the de-facto head of Samsung, the country’s biggest conglomerate. He ...

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How can companies doing business overseas reduce the risk of corrupt practices?

The terms compliance, anti-corruption and anti-bribery policies and procedures have recently become trendier. Businesses in general and multinational corporations in particular are becoming more concerned about these issues, and have as a goal to meet the legal compliance obligations in order to reduce corruption risks. In two recent cases, we can confirm the global impact of anti-bribery and corruption compliance ...

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Would you resort to bribery? studies show many would

It’s notoriously difficult to gauge how often people are willing to offer someone a bribe to get what they want. A 2007 survey sug- gested that across a range of indus- trialised countries, two per cent of the public had experienced a request for a bribe from a public official. In a sample of developing countries, the average was much ...

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South Africa needs to sober up to save itself from sickly state- owned enterprises

The South African government is said to be seriously consid- ering selling its stake in tele- communication firm, Telkom, in order to save the troubled South African Airways (SAA). This has brought back debates  about  what is the right thing to do around the country’s state-owned enterprises. Sibonelo Radebe asked Seán Muller to weigh up the options. What does financial ...

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