SAP CONFIRMS PAYMENTS MADE TO GUPTA-RELATED ENTITIES FOR CONTRACTS WITH SOUTH AFRICAN FIRMS

JOHANNESBURG-- The German software firm, SAP, has released the final results of an external legal review into software contracts it had entered into with two South African State-owned enterprises (SOEs), logistics group Transnet and power utility Eskom.

SAP says the central findings confirm that there were payments made to entities related to an Indian immigrant family, the Guptas, who are at the centre of a probe into the undue influence they exercised over some leading figures of the South African public sector and indications of misconduct relating to the management of Gupta-related third parties.

The investigation also confirms that there is no evidence of any payment or attempted payment made to any South African government official or any employee of state-owned-enterprises in connection with the Transnet and Eskom transactions.

SAP also says three of its executives whose contracts were terminated last year had resigned without severance pay.

Source: NAM NEWS NETWORK