DA to lay corruption charges against SAP SA and Guptas’ CAD House
The charges against the local component of the global software giant follow allegations that kickbacks changed hands between the two companies
The DA is to lay charges of money laundering and corruption against the South African component of global software giant, SAP, and Gupta-affiliated company CAD House, following allegations that kickbacks changed hands between the two companies in exchange for a R100m Transnet contract.SAP has denied the allegations which emerged from leaked Gupta-linked e-mails. According to media reports, SAP Africa promised to pay a 10% "commission" to CAD House, which is majority owned by the Gupta family’s Sahara Systems, if it secured contracts with Transnet. SAP’s shares are listed on the Frankfurt Stock Exchange, and also trades on the New York Stock Exchange (NYSE) via American depositary receipts. CAD House, a 3-D printing company, is owned by President Jacob Zuma’s son, Duduzane, and businesses linked to Sahara.DA spokesperson on public enterprises Natasha Mazzone said the consultancy with CAD House was "rather irregular considering that SAP is an international software giant which had exi...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.