Why the SIU is going after German tech company SAP

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 59%

Business Business Headlines News

The Special Investigating Unit says a German technology company bribed the Guptas to obtain a lucrative Eskom contract.

“SAP secured the contract in circumstances where there was already an agreement in place [to provide services] SAP sought to provide. [This] was due to expire in 2017. A number of the products purchased by Eskom were not used by it, they were not validly approved by Eskom, and approval was not obtained from National Treasury.”“Eskom incurred fruitless and wasteful expenditure in respect of the enabling and cloud services agreement in the amount of R385m ,” said the SIU.

“The overwhelming probability is the influence used was that of the Guptas, who at that stage owned 50% of CAD,” he said.

 

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:

 /  🏆 28. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why the SIU is going after German tech company SAPWhy the SIU is going after German tech company SAP: The Special Investigating Unit says a German technology company bribed the Guptas to obtain a lucrative Eskom contract.
Source: SABreakingNews - 🏆 41. / 51 Read more »

SIU fails to recoup R92m from company that scored tender without biddingThe Special Investigating Unit has failed in its attempt to recoup more than R92m paid by the Amahlathi local municipality in the Eastern Cape to businessman Mcebisi Mlonzi. Hahahaha This actually needs a proper thread 📂 Eastern Cape is a pandemic haaibo!!!! Ei! Looks like the judge got it horribly wrong here
Source: TimesLIVE - 🏆 28. / 59 Read more »