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South Africa : SAP to invest USD500M in AFRICA

August 20, 2014

SAP has announced its plans to invest up to US$500 million in Africa from now through 2020.

The company is hoping to dramatically expand its business in the region, especially in countries outside of South Africa, where it already has a powerful base.

SAP executive board member and global sales chief, Robert Enslin, said : "In Africa, we plan to engage and invest in even more markets while helping build the appropriate talent base for the IT industry."

SAP's growth plan unveiled Tuesday will see it focusing on selling specialized software for telecommunications, financial services, utilities and other verticals in South Africa, Kenya, Nigeria, Angola and Morocco.

The company is also planning to push its latest products, like the Hana in-memory computing platform and cloud applications, into African markets.

Sap said this work will be made easier by the fact that many businesses there may not have ample current IT infrastructure that would need to be displaced.

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Source: TendersInfo (India)

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