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South Africa tries to recover over $23 mln from SAP for 'unlawful' contracts

By Reuters | Aug. 10, 2020

South African investigators are seeking to recover more than Sh2.5 billion (R400 million or $23 million) from German software firm SAP for two government contracts they allege were entered into unlawfully, court documents show.

Although the amount of money sought is small for a company with a market value of €162 billion (about Sh20.5 trillion), the move by the authorities is another headache for SAP, which in 2018 admitted to misconduct over deals with South African State firms during former President Jacob Zuma's tenure.

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