22 September 2017

South Africa: SAP Gives Update On Probe Into Business

Johannesburg — SAP, the global software company, will provide an update on investigations into alleged impropriety by its South African entity, in October. The company is accused of paying kickbacks to a company linked to the influential Gupta family to secure tenders with state-owned companies. SAP initiated an investigation spearheaded by international law firm Baker McKenzie on July 12. Simultaneously, SAP placed four senior executives on administrative leave pending the finalization of the investigation.

On Friday, the company said the team from Baker McKenzie has been reviewing and scrutinizing large volumes of data, talking to a variety of stakeholders and conducting interviews with all relevant people. "We are acutely aware that we owe South Africa answers. While we understand the public's legitimate frustration at the length of the investigation, it is imperative that we get this process right," said Adaire Fox-Martin, member of the Executive Board of SAP SE. The executive leads SAP's business in Middle and Eastern Europe (MEE), Europe, Middle East and Africa (EMEA) and Greater China. "We remain committed to delivering on our initial promise to manage this process in a transparent way and to give a full account to our employees, customers, partners and the South African public," Fox-Martin said. SAP reiterated commitment to the highest standards of business ethics in the more than 180 countries in which the company operates. "SAP will not tolerate any misconduct. Any evidence of wrongdoing will be dealt with vigorously and comprehensively," it stated on Friday. It will provide an update on the investigations during the last week of October 2017.

South Africa

Massive Data Leak Exposes Personal Details of Millions

The sensitive private information of 30 million South Africans, contained in a massive data breach, appears to have been… Read more »

Copyright © 2017 CAJ News Agency. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.