eoh

  1. Hanno Labuschagne

    Reward corruption whistleblowers with cut of fines — EOH CEO

    Outgoing EOH CEO wants corruption whistleblower reform Outgoing EOH CEO Stephen van Coller has said whistleblowers should receive a percentage of the fines levied against companies or individuals found guilty of wrongdoing. “Giving them a percentage of the fine would really solve a lot of...
  3. Jan

    EOH buries audited financials

    EOH's real financials are a total disaster EOH released its audited financial statements for the year ended 31 July 2023 and revealed yet another disappointing set of results. A quick glance at EOH’s official results makes it look like the company is on the right track and has improved in many...
  4. Jan

    Megan Pydigadu resigns as EOH finance director

    EOH finance directors resigns EOH has announced the resignation of group finance director Megan Pydigadu, effective 31 October 2023. Pydigadu tendered her resignation to take up a position at an unnamed large South African company.
  5. Jan

    EOH swings from half-year net profit to loss

    EOH reports massive drop in half-year profits EOH released its results for the interim period ending 31 January 2023 which revealed a decline in revenue and a huge decline in net profit. It was the first set of results since the company finalised its rights offer, and investors were keen to...
  6. Jan

    EOH announces oversubscribed rights offer, successfully raises R500 million

    EOH raises R600 million from shareholders EOH has raised R500 million from shareholders through a rights offer in which it issued 384,615,384 new shares for R1.30 each. This is in addition to the R100 million the company raised through a specific issue of shares to a subsidiary Lebashe...
    • Jan
    • Thread
    • aeon anchor capital eoh lebashe investment group stephen van coller visio
    • Replies: 0
    • Forum: Broadband and IT News
  7. Jan

    EOH share price down as Rights Offer details emerge

    Investors dump EOH Investors dumped EOH shares ahead of its R600 million rights issue as the company’s latest financial results showed a huge EBITDA decline and a swing back to an operating loss. On Tuesday, EOH released a pre-closing stakeholder update for the six months ending 31 January...
  8. Jan

    EOH flirting with technical insolvency

    EOH near technical insolvency EOH is on the brink of technical insolvency, with its debt ratio at dangerously high levels and plummeting revenue. This concerning situation was revealed in EOH’s financial results release for the year ended 31 July 2022.
  9. Jan

    Renewable power projects from South African tech companies hard-hit by power cuts

    South African tech companies going green while fighting load-shedding Many of South Africa's major technology and telecom companies have plans to make their operations more environmentally friendly while increasing their resilience against load-shedding. While the corporate world is no...
    • Jan
    • Thread
    • africa data centres alviva cell c distributed power technologies (dpt) eoh eskom liquid intelligent technologies mtn mustek rain telkom vodacom
    • Replies: 2
    • Forum: Broadband and IT News
  10. Hanno Labuschagne

    The real story of SA's missing R432-million biometrics database

    The real story of SA's missing R432-million biometrics database Home Affairs minister Aaron Motsoaledi is disputing claims that his department blew R432 million on an undelivered biometrics database and population register, adding that reports saying as much are misleading. The minister's...
  11. Jan

    Seacom's R145 million Hymax deal CompCom-approved

    Competition Commission approves Seacom's R145 million deal to buy Hymax from EOH The Competition Commission has approved Seacom's proposed transaction to acquire Hymax from EOH without conditions. It noted that Seacom South Africa is not controlled by any of its shareholders and is active at...
  12. Jan

    South Africa's biggest public IT companies

    The biggest IT companies in South Africa South Africa has several home-brewed information technology companies worth well over R1 billion. After making enormous gains during the height of the Covid-19 pandemic, most major global tech shares have taken a beating in 2022.
    • Jan
    • Thread
    • altron alviva datatec eoh johannesburg stock exchange (jse) karooooo mustek naspers prosus
    • Replies: 2
    • Forum: Broadband and IT News
  13. Hanno Labuschagne

    EOH could go up for sale following return to profit

    EOH could go up for sale following return to profit EOH Holdings Ltd. Chief Executive Officer Stephen Van Coller is considering a sale of the graft-tainted South African IT firm after returning the group to profitability, according to people familiar with the matter. The former Absa Group Ltd...
  14. Jan

    EOH reports R167 million profit and announces successful turnaround

    EOH announces successful turnaround — reports R167 million profit EOH has released its interim results, reporting revenue of R3.511 billion and operating profit of R167 million from continuing and discontinued operations. It also announced that the six-month period ending on 31 January 2022...
  15. Jan

    Stephen van Coller's tech choices - and his journey to save EOH

    Stephen van Coller's journey to save EOH — and build a great company Stephen van Coller has done a phenomenal job to turn EOH around amidst tremendous challenges. This is how Wayne McCurrie, portfolio manager at FNB Wealth and Investments, described Van Coller’s tenure as EOH group CEO.
  16. Jan

    EOH selling Network Solutions and Hymax to Seacom for R145 million

    Seacom buying Network Solutions and Hymax for R145 million EOH has announced that it concluded agreements to divest from its Network Solutions business and sell the entire issued share capital of Hymax to Seacom for R144.9 million. The company said the transaction’s proceeds would mainly be...
  17. Jan

    EOH disposing of Information Services business for R417 million

    EOH selling information services companies for R417 million EOH has announced that wholly-owned subsidiary EOH Mthombo (Pty) Ltd entered into a share purchase agreement to sell all its shares in its information services companies to Bachique 842 (Pty) Ltd. The base purchase price is R417...
  18. Jan

    South African tech shares — one company up 1,100% in ten years

    South African tech shares — one company up 1,100% in ten years South African tech stocks have experienced a lot of volatility over the last decade, with the best-performing share, Alaris, gaining 1,100% and the worst-performing share, Ellies, losing 90.2%. The global tech stock rally over the...
    • Jan
    • Thread
    • adapt it alaris alviva blue label telecoms ellies eoh mtn mustek silverbridge tech stocks telemasters telkom vodacom
    • Replies: 0
    • Forum: Broadband and IT News
  19. Jan

    EOH responds to City of Cape Town evaluating dodgy contracts

    City of Cape Town evaluating EOH contracts — company responds The City of Cape Town is evaluating contracts with companies implicated in the Zondo Commission of Inquiry's State Capture Report, including IT giant EOH. News24 reported that mayor Geordin Hill-Lewis instructed the City's legal...
    • Jan
    • Thread
    • bidvest prestige city of cape town eoh ernst and young fatima newman nedbank pegasus advisory pricewaterhousecoopers (pwc)
    • Replies: 0
    • Forum: Broadband and IT News
  20. Jan

    South African tech stocks off to a rough start

    Bruising start to 2022 for South African tech stocks Many South African tech shares started the year in the red, following the trend set by mega-cap tech stocks in the United States. The share prices of large technology companies like Netflix, Tesla, and Amazon were hard hit last month.
    • Jan
    • Thread
    • alaris alviva amazon eoh johannesburg stock exchange (jse) mtn mustek netflix silverbridge telkom tesla vodacom
    • Replies: 1
    • Forum: Broadband and IT News
  21. Jan

    EOH employees angry over bonus shenanigans

    EOH employees furious about bonus trickery Numerous EOH employees feel betrayed, saying the company backtracked on its bonus promises and only offered disappointing salary increases. The employees, who spoke to MyBroadband on condition of anonymity, said they were promised bonuses between 15%...
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