SAP Africa’s head said the German software company is battling to complete investigations after allegations its employees paid kickbacks for government business in East and Southern Africa.
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Podcast | Following the explosive reports in 2017 that SAP Africa paid “kickbacks” to Gupta-owned companies to secure contracts at state-owned enterprises, MD Cathy Smith has said the organisation is on the mend.
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Deloitte has become the latest international company dragged into South Africa’s government-linked corruption scandals.
SAP CEO Bill McDermott, who led Europe’s largest software company during a decade of rapid changes in the industry, is stepping down and will be replaced by Jennifer Morgan and Christian Klein as co-CEOs.
SAP fell the most in nearly five years on signs that its $10-billion bet on cloud-based software faces headwinds, but the companies executives are adamant there is still room to grow.
German economics minister Peter Altmaier plans to build up a German cloud service to allow European companies to store data independent of Asian or US rivals such as Amazon.com.
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