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Africa Live: I will govern with humility - Senegal's Faye - BBC News | Africa Live: I will govern with humility - Senegal's Faye - BBC News |
(32 minutes later) | |
South Africa's special tribunal has ordered German multinational company SAP to pay back 500m rand ($26m; £20m) that the firm reportedly earned through corrupt contracts. | |
The country's anti-corruption body says that the contracts - signed between SAP and public power company Eskom - did not comply with public finance management laws, resulting in "fruitless and wasteful expenditures" for Eskom. | |
The two contracts were entered between 2013 and 2016 and were valued at $58m. | |
The payment order follows a settlement agreement between SAP and the anti-corruption agency Special Investigating Unit (SIU). | |
The Special Tribunal last week upheld the settlement and termed the contracts "constitutionally invalid". | |
SIU said on Monday that the payment was part of efforts "to recover financial losses suffered by state institutions due to negligence or corruption". | |
"The settlement agreement does not absolve SAP or any implicated party from possible prosecution." | |
SAP is required to remit the payment to SIU within seven days. | |
In January, the company | |
agreed to pay more than $220m to settle bribery charges involving | |
government officials in several countries, including South Africa. | |
It allegedly paid millions in fees to consultants in South Africa, despite no work being performed, and funded trips to New York for government officials, including golf outings. | |
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