Bell Pottinger dismisses 'sinking ship' rumours

Since it was labelled as an unethical firm by the PRCA, some of the agency's clients chose to drop the firm.

A screengrab of the protected British public relations firm Bell Pottinger Twitter page. Picture: Twitter

CAPE TOWN - Disgraced public relations (PR) firm Bell Pottinger has denied the rumours that it is under administration.

The rumours have been swirling following the revelations of the PR agency's conduct in South Africa.

Last week, Public Relations and Communications Association stripped Bell Pottinger of its membership after it found its campaigns fanned racial divisions in the country at the behest of the Gupta-owned Oakbay.

Reports over the weekend have portrayed Bell Pottinger as a sinking ship, unable to meet its debt obligations.

But the PR agency has rubbished the rumours, before adding its accountancy firm is still considering all options for the company's future.

Since it was labelled as an unethical firm by the PRCA, some of the agency's clients chose to drop the firm.

Banking client HSBC has become one of the long list of big names to suspend its relationship with the disgraced PR agency.

It has further been reported Bell Pottinger's Middle Eastern Arm is in talks to cut itself from its mother company.

(Edited by Zinhle Nkosi)