South Africa’s Special Tribunal has ordered software giant, SAP to pay R500 million to the Special Investigating Unit (SIU) within seven days concerning corrupt contracts at Eskom.
The fine pertains to two contracts SAP engaged in with the power utility from 2013 to 2016, according to report filed by SABC.
The spokesperson for SIU Kaizer Kganyago said SAP entered into an agreement to supply Eskom with software licences and support.
He added that millions of rands were disbursed to a company associated with the Gupta family.
Kganyago said “The Special Tribunal order dated the 20th of March has declared the two contracts to be invalid and were set aside. The order of the tribunal is part of the SIU investigation outcome and consequence management to recover financial losses suffered by the state.”
He added the settlement does not absolve SAP or any other party from prosecution. The investigation found that Eskom entered into an enabling agreement with SAP to the value of over a billion rand.”
Source: https://energynewsafrica.com
