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SAP opens probe into kickback reports

Thursday, July 13, 2017 - 00:54

Europe's top technology company, SAP, has put four senior managers in South Africa on leave and begun a probe into reports that have dragged the company into an influence peddling scandal involving friends of President Jacob Zuma. David Pollard reports.

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South African media reported allegations on Tuesday that SAP paid kickbacks to clinch a billion rand deal. The payments made, it's claimed, to a firm linked to the politically connected Gupta family. Now, Europe's top tech firm says it's put four senior managers in South Africa on leave. And hired an international law firm to conduct a probe. SOUNDBITE (English) OANDA SENIOR MARKET ANALYST, CRAIG ERLAM, SAYING: "It looks like they've acted swiftly in suspending some of the people that they know to be involved which I think is going to be a positive. But the downside now remains that this is still this the uncertainty surrounding what's going to happen." AmaBhungane, a non-profit investigative reporting group that has a record of exposing corruption, named SAP in a story based on leaked emails and documents. It says it shows how the Gupta family - which is close to President Jacob Zuma - unduly influences the awarding of government contracts worth hundreds of millions of dollars.

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SAP opens probe into kickback reports

Thursday, July 13, 2017 - 00:54