SAP’s Africa head has 'no recipe' for handling corruption probes

2020-02-24 15:07

SAP's Africa head said the German software company is battling to complete investigations following allegations its employees paid kickbacks for government business in East and southern Africa.

4 key SME trends that will drive job creation

2019-03-27 05:30

SMEs are expected to create 4 out of every 5 new jobs in emerging economies in the near future. If SA wants to create employment, it had better understand what's driving small businesses, says Jade Michael.

Tito and the fourth industrial revolution

2019-02-27 08:13

Finance Minister Tito Mboweni has hinted that SA will need to adapt to the Fourth Industrial Revolution and that this will inform some of the decisions taken in the Budget.

SAP posts 'mixed bag' of profit miss, raised 2018 forecasts

2018-10-18 10:01

SAP has raised its projections for the year due to accelerating momentum for its cloud business, but third quarter profit missed analyst estimates.

Clouds lift for SAP as it raises full-year forecasts

2018-07-19 20:33

German software firm SAP has raised its revenue forecasts for the full year, after sales of its cloud computing products and its bottom line swelled in the second quarter.

Another hammer falls on KPMG, McKinsey as Gauteng govt terminates contracts

2018-06-13 19:08

The Gauteng provincial government has taken key decisions related to contracts with auditing firm KPMG and consultancy McKinsey which are facing allegations of misconduct.

SAP more ambitious after soaring profits

2018-04-24 15:18

Net profit at SAP has surged 33% year-on-year between January and March, from €530m to €708m.

SAP admits payment of R128.6m to Gupta-linked companies for contracts

2018-03-08 19:51

SAP says it paid R128.6m to companies linked to the Gupta family, who used their friendship with former president Jacob Zuma to defraud state-owned entities.

SAP makes biggest deal since 2014 in hunt for cloud business

2018-01-30 11:38

SAP has agreed to buy Callidus Software for about $2.4bn, its biggest acquisition in more than three years, as it seeks to bolster a cloud-based business.

2017 in finance: 7 stories that got South Africans talking

2017-12-29 07:15

The Guptas, Steinhoff, Cabinet reshuffles and the travails of power utility Eskom. Here are seven financial and economic stories that got South Africans talking in 2017.


Developing skills and innovation can drive digital transformation in Africa - SAP

2019-09-09 17:56

To make an impact you need skills and an environment to drive innovation for the creation of commercial value, says the managing director of SAP Africa.

SAP accused of 'improper conduct' over East Africa contracts

2019-02-28 21:00

SAP has been accused of “improper conduct” related to dealings by a services partner to win state contracts in Kenya and Tanzania, a claim that could plunge the German software giant into a second African corruption scandal in as many years.

SAP to buy Qualtrics for $8bn in its largest-ever deal

2018-11-13 06:42

SAP SE is making its largest acquisition yet as it battles rivals including in selling software to clients that want to better understand their customers.

Hawks investigate cases related to Gupta-loot worth more than R40 billion

2018-08-15 21:57

Lieutenant-general Godfrey Lebeya has presented the Hawks' progress in several cases of state capture to the Portfolio Committee on Police and has shed light on other high-profile investigations, such as those against Steinhoff and VBS bank.

What SAP really knew when it paid the Guptas a R100m commission

2018-06-25 06:10

Newly-leaked documents show the global software giant knew it was dealing with the Guptas more than a year before the #GuptaLeaks allegations emerged.

Gordhan must dump SAP – BBC

2018-05-06 06:48

Black business wants government to cancel all contracts with the software giant because of state capture claims.

The big thirst hits Limpopo as R772m goes down the drain

2018-04-22 06:00

In three years, the water department signed two overlapping software licence deals with SAP.

Software giant SAP faces charges over Gupta-linked payments

2018-03-08 13:11

The Companies and Intellectual Property Commission has laid charges with police against the software company in connection with Eskom and Transnet contracts it facilitated with assistance from Gupta-linked companies.

SA companies regulator charges KPMG, McKinsey, SAP

2018-01-18 11:36

The Companies and Intellectual Property Commission has laid criminal charges against the local units of KPMG, McKinsey and SAP for contraventions of the Companies Act.

Transnet probing claims it was involved in 6 Gupta-linked deals

2017-11-28 15:57

Transnet is currently conducting internal probes into six Gupta-linked deals, following allegations made against them in various recent media reports, MPs have heard.

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