SAP ordered to pay $26.4M in South Africa energy firm dispute

  • 📰 TheRegister
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 61%

United Kingdom United Kingdom Headlines News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

SA Special Investigating Unit orders payment within 7 days following alleged breach of public finance laws

A Special Tribunal in South Africa has ordered the German software giant SAP to pay a R500 million settlement within a week following a long-running investigation into compliance with public finance laws.from South Africa's anti-corruption Special Investigation Unit, the payment results from an agreement reached by SIU and SAP on the validity of two contracts awarded by Eskom, the energy firm. The agreement was upheld by the Special Tribunal, the SIU said.

Chemical engineer and former Eskom exec Dan Marokane rejoins as CEO this month, and is widely hoped to help the struggling org create more transmission capacity.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 67. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines