SAP’s $222 million fine: Unraveling the bribery web in South Africa, Tanzania, and others

[ad_1] “SAP paid bribes to officials at state-owned enterprises in South Africa and Indonesia to obtain valuable government business,” said Acting Assistant Attorney General Nicole M. Argentieri of the Justice…

Motsoaledi grants two-year exemptions for 54,000 Basotho and 178,000 Zimbabweans living in South Africa

[ad_1] “I have decided to grant exemptions to approximately 54,653 Lesotho nationals for a period of two years. The affected Lesotho nationals will be entitled to apply for new exemption…

Global stocks fall as muted China services data saps investor optimism

[ad_1] Receive free Capital markets updates We’ll send you a myFT Daily Digest email rounding up the latest Capital markets news every morning. Chinese and European stocks fell on Tuesday…

SAP’s Likely Q4 Profit Dip Belies Strong Cloud Business

[ad_1] Key Takeaways SAP’s cloud revenue, accounting for 40% of its business, extended a post-pandemic recovery. The company’s quarterly cloud sales almost have doubled from prior to the pandemic. Growth…