CAPE TOWN - SAP has announced that it would provide an update on the investigation into allegations of wrongdoing in its South African business during the last week of October, 2017.
It was reported earlier that SAP paid alleged kickbacks to gain state contracts.
The company said it had 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, it said.
“We are acutely aware that we owe South Africa answers," it said.
- BUSINESS REPORT