SAP Africa has appointed company veteran Tracy Bolton as chief operating officer. Bolton, who has worked in various roles at SAP for the past nine years, has 25 years of experience in the IT sector.
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Business software group SAP is adopting flexible working for its 100 000 employees around the world, after the experience of remote working during Covid-19 drew overwhelmingly positive feedback.
Investigator Paul Holden has given a stupefying account of billions of rand paid from state-owned entities and other governmental organisations into a complex local laundromat.
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SAP says it is ready to lead customers into a cloud-based future, but it may need all its powers of persuasion to convince its 400 000-strong client base to launch a major overhaul of systems in a pandemic.
In Christian Klein’s first year as sole CEO at SAP, the company’s shares had their worst performance in 12 years. The pandemic damaged sales. And he lost his co-CEO in a high-profile ouster.
Hasso Plattner, chairman of SAP, bought shares worth nearly €250-million in the German software company on Monday after a once-in-a-generation price slide triggered when management dumped its profit targets.
SAP said on Monday it was going all in on its shift to cloud computing as it abandoned medium-term profitability targets and cautioned that its business would take longer than expected to recover from the coronavirus pandemic.