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.

Standard Bank sticks with KPMG, McKinsey and SAP

2017-10-08 06:00

Standard Bank is continuing to use the services of three companies that are under public scrutiny, despite evidence that all of them have been involved in corruption.

Lessons from KPMG: Be on guard, South Africans are on your case

2017-09-22 07:38

KPMG has learnt the hard lesson: Don't break the 11th commandment. That's because South Africa's citizens are fed up with corruption, explains David Everatt.

 

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.

SAP update on 'state capture' report

2017-09-22 21:22

German software giant SAP will provide an update during the last week of October 2017 into allegations of wrongdoing in its South African business.

KPMG and McKinsey feel the heat as graft scandal rocks SA

2017-09-19 07:26

As global companies implicated in a graft scandal scramble to contain the damage to their reputations, politicians and law enforcement agencies are prevaricating and stalling official investigations.

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