Browsing: Leonard Hoffman

Duncan McLeod
SAP must open itself to independent probe

SAP, the giant German maker of enterprise software, has found itself ensnared in a scandal involving the Guptas that risks spiralling out of its control. If it believes it is innocent of the serious allegations levelled against it

News
Saloojee suspended over MTN bribe claims

Former ambassador to Iran Yusuf Saloojee has been suspended from his position at the department of international relations & cooperation. “Yes, he has been suspended pending the outcome of an investigation,” spokesperson Clayson Monyela said. The investigation related to allegations that Saloojee accepted

In-depth
Row over witness in MTN bribe claims

Turkish cellphone operator Turkcell has accused SA-based multinational mobile giant MTN of orchestrating a “cover-up” rather than a credible investigation into claims that the South Africans bribed and influence-peddled their way into Iran in 2005. The Turkish company said in a statement that

In-depth
MTN whipped, but still a good buy

MTN’s share price is likely to remain wobbly as jittery foreign investors face massive pressure from US authorities and lobby groups to quit their exposure in Africa’s R255bn cellphone giant because of its business activities in Iran. The company is in danger of being smacked with US sanctions for allegedly providing the Iranian government

News
MTN faces explosive claims over Iran licence

Johannesburg-listed MTN Group is in crisis management mode trying to limit reputational damage after Turkcell filed an explosive lawsuit in the Washington federal court on Thursday morning (SA time), implicating government officials and executives from Africa’s largest mobile phone operator in a bribery and sophisticated weapons scandal

In-depth
MTN under pressure to quit Iran

MTN, Africa’s largest mobile network operator, is locked in around-the-clock talks with Iranian authorities about its 49% telecoms stake in Irancell. The Middle East country has become the target of sanctions by the US and the European Union for its nuclear ambitions. MTN has been playing a diplomatic tune in terms of its operations