Software company SAP ordered to repay more than R400m after Special Tribunal sets aside contracts

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

Multinational software company Systems Applications Products has been ordered to repay the department of water and sanitation more than R400m, R263m of which must be paid 'within five days of the date of the order'.

“The R413m represents the total amount paid by DWS to SAP pursuant to the 2015 and 2016 software licence and support contracts.

“The Special Tribunal further ordered SAP to pay DWS R263,282,173 within five days of the date of the order, with any remainder to be paid after the tribunal’s determination of whether any further amount should be deducted from the amount due. In terms of the Special Tribunal order, DWS may not use any of the software licensed under the 2015 and 2016 licence agreements.”

A disputed sum of about R83m for third party costs incurred by SAP and the no-profit principle will be adjudicated on by the tribunal and a further order made as to the repayment of any portion of the R83m to DWS. “The SIU and DWS welcome the Special Tribunal order as it sends a strong message to officials and companies doing business with the state that collusion and unethical business practice will not be rewarded,” read the statement.

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 US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him williamchurch09 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

United States United States Latest News, United States United States Headlines

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

SAP ordered to pay Water Department more than R413 million - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The multinational software company, SAP, has been ordered by the Special Tribunal to pay back more than R413 million to the Water and Sanitation Department. SIUSpecialTribunal
Source: SABCNews - 🏆 37. / 51 Read more »

LIVE: SABC, SIU and Hlaudi Motsoeneng - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Special Investigating Unit (SIU) Special Tribunal will on Monday hear a review application in the matter between former SABC chief operations officer, Hlaudi Motsoeneng and the public broadcaster.
Source: SABCNews - 🏆 37. / 51 Read more »