Tag: SAP

South Africa tries to recover over $23 mln from SAP for ‘unlawful’ contracts

JOHANNESBURG (Reuters) - South African investigators are seeking to recover more than 400 million rand ($23 million) from German software firm SAP for two government contracts they allege were entered...

SAP’s Steve Tzikakis on why he’s bullish on Africa’s potential

The head of one of the world’s biggest tech companies believes Eskom is suffering problems endured by power generators around the world that it can help over with more training for its staff. Steve Tzikakis, President of south Europe the Middle East and Africa for tech company SAP says he is also an Afro-optimist who sees change for the better on the continent.

Will SAP pay back ill-gotten gains to SA’s state owned-entities?

German software company SAP is again in hot water after South Africa’s President Cyril Ramaphosa decided to launch an investigation into the country’s water ministry’s contract with the firm. CNBC Africa recently asked SAP if it would pay back its ill-gotten gains from Transnet as it has acknowledged wrongdoing over deals with Eskom and Transnet. This is what Cathy Smith, managing director of SAP Africa had to say.

Lord Hain accuses Hogan Lovells of propping up state capture

Hogan Lovells describes Lord's Hain's accusations as unfounded,

Multinational SAP concludes probe, reports Gupta-related misconduct to US authorities

SAP has voluntarily disclosed information about its South Africa business to U.S. authorities responsible for enforcing the U.S. Foreign Corrupt Practices Act.

Germany’s Software AG starts probe into state capture reports

 Software AG said on Tuesday it is mounting an internal probe after a media report alleged it had paid kickbacks as part of a wide-ranging South Africa government bribery scheme that has...

SAP names acting executive team, law firm for South Africa probe

Germany's SAP named a new executive team in South Africa on Friday, two days after the software giant put four senior managers on leave, pending its investigations into allegations that it was...

SAP to probe South Africa kickback allegations

SAP shares little detail on Gupta link & investigation