SAP has revealed that it will provide an update on the into allegations of wrongdoing in its South African business during the last week of October 2017.
The investigation follows a report published on the Daily Maverick and News24 in which it was alleged that SAP paid a 10 percent “sales commission” to a firm controlled by the Guptas to secure a contract worth at least R100m from state-owned Transnet.
The company initiated an investigation spearheaded by international law firm Baker McKenzie on July 12, 2017. At the same time, SAP placed four senior executives on administrative leave pending the finalisation of this investigation. The team from Baker McKenzie has been reviewing and scrutinising large volumes of data, talking to a variety of stakeholders and conducting interviews with all relevant persons.
“We are acutely aware that we owe South Africa answers. While we understand the public’s legitimate frustration at the length of the investigation, it is imperative that we get this process right,” said Adaire Fox Martin, member of the Executive Board of SAP SE, who leads SAP’s business in MEE, EMEA and Greater China.
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