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.

Business as complicit as state in corruption, says Wierzycka

2017-10-30 21:30

SA's business sector is currently the most problematic stakeholder in South Africa, as it is often as guilty of corruption as the public sector, be it through "commission or omission", according to Magda Wierzycka, CEO of fintech company Sygnia.

#News24 ICYMI: SA faces 'black death' plague risk; Pay back the money, ANC tells Patricia De Lille and 'Oubaas' gets a makeover

2017-10-26 18:29

ANC presidential candidate Lindiwe Sisulu questioned on rape allegations against President Jacob Zuma, more details emerge in the Life Esidimeni hearings and the Hawks confirmed it is investigating SAP as part of its state capture probe.

SAP reports its Gupta-linked accounts to US

2017-10-26 11:17

German software giant SAP says it has reported its Gupta-linked accounts to US authorities for further investigation.


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.

Don't just rely on SAP and KPMG, Buthelezi tells public sector

2017-10-27 17:50

The public sector’s dependence on just a few professional entities underlies the problems unearthed in relation to companies such as SAP, says Deputy Finance Minister Sfiso Buthelezi.

Why the US and not SA, critics ask SAP on state capture probe

2017-10-26 17:07

German software giant SAP’s reluctance to approach South African authorities has come under fire, as the Hawks confirmed they are investigating SAP as part of their state capture probe.

Top employer in SA announced

2017-10-14 07:00

Financial services and banking group Old Mutual has been crowned the Best Employer in South Africa and Ghana by the Top Employers Institute.

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