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Posts tagged to SAP

KPMG South Africa involved in “Zuptagate” scandal: Senior staff fired as audits fall “short of the quality expected”

MarketLine

In May 2017, a series of emails were leaked which showed a very close relationship between the Gupta family and the incumbent South African President Jacob Zuma. Opposition parties and civil rights groups claimed that this close relationship had resulted in a whole host of government contracts being given to the Gupta family without the proper procedures being followed. In the midst of this scandal were caught major multinationals like KPMG, McKinsey, Bell Pottinger and SAP. All of them have been associated with the Gupta family’s activities in South Africa… Read more

China sets the pace in the global software industry

MarketLine

Despite continued piracy issues, the seemingly perpetual innovations in the technology sector and the spread of internet usage both help to drive solid growth in the global software market. The global software market grew by 6.1% in 2013, to reach a value of $554.5bn, representing a compound annual growth rate of 11.3% for the period spanning 2009-2013. Although growth has largely been seen across the board, increases were primarily driven by growth in the Asia-Pacific and Americas regions, as some European economies stagnated and demand for software remained relatively stable…. Read more