Bul­lies and fools

Finweek English Edition - - The main stories this week -

WHAT HAP­PENED| FNB CAN­CELLED its R20m anti-crime cam­paign that in­cluded the dis­tri­bu­tion of 2,8m pam­phlets with at­tached pre-paid en­velopes ad­dressed to Pres­i­dent Thabo Mbeki. Re­ports sug­gest that the de­ci­sion to can­cel was taken af­ter FNB buck­led un­der pres­sure from big busi­ness and the Pres­i­dency. The de­ci­sion has turned into a pub­lic re­la­tions night­mare for the bank.

WHAT THE OTH­ERS SAID BUSI­NESS DAY wrote: “To launch a high-profile cam­paign tar­get­ing Mbeki di­rectly, with­out hav­ing a plan in place for the fall-out, was un­for­giv­ably naïve, es­pe­cially since Gov­ern­ment is a big FNB client” and “Gov­ern­ment’s approach on crime is rem­i­nis­cent of Mbeki’s at­ti­tude when he stalled the re­port on SA’s peer re­view to the African Union. Civil so­ci­ety is wel­come to get in­volved – but only on Mbeki’s terms.”

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