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February 4, 2008

SAP denies BEE about-turn

Software giant SAP has denied reports it is backing away from increasing its black economic empowerment (BEE) shareholding.

This morning, SAP SA MD Claas Kuehnemann said an article in Business Report that SAP was reconsidering increasing its BEE shareholding from 10.5% was "not correct".

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Posted by StaffWriter at February 4, 2008 8:18 AM