eoh

  1. 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%...
  3. Jan

    EOH share price takes beating after suggesting selling more assets, or issuing more stock

    EOH stock plunges on new share issue talks EOH's share price dove from R6.30 to R5.15 on Friday after it mentioned a rights issue or public offering to raise cash to pay off some of the debt on its balance sheet. In a JSE SENS announcement, the beleaguered company also said that it is looking...
  4. Jan

    State Capture Report spells out how EOH influenced tenders

    Suspicious payments to ANC to get major IT contracts The first part of the Judicial Commission of Inquiry into State Capture Report has exposed how EOH won lucrative IT tenders by channelling money to the ANC and connected politicians. Although this information is not new, the State Capture...
    • Jan
    • Thread
    • city of johannesburg (coj) eoh geoff makhubo mfundi mobile state capture stephen van coller steven powell
    • Replies: 10
    • Forum: Broadband and IT News
  5. Jan

    EOH staff complain about low salary increases

    EOH employees complain about low salary increases while executives score millions EOH employees are complaining that they will not get their full bonuses in December and must accept meagre salary increases, while executives enjoy big salary increases and large bonuses. Employees who contacted...
  6. Jan

    "Save EOH" takes aim at EOH CEO Stephen van Coller

    EOH CEO Stephen van Coller under attack A group of former EOH employees and shareholders is accusing Stephen van Coller of perjury and destroying the company, but EOH dismissed it as a smear campaign. Save EOH, a group of former EOH employees and shareholders, released a press statement saying...
    • Jan
    • Thread
    • andrew mthembu eoh fatima newman save eoh stephen van coller
    • Replies: 11
    • Forum: Broadband and IT News
  7. Jan

    South African tech companies hammered on the JSE these past 5 years

    South African tech stock bloodbath over last 5 years The majority of South African IT and telecommunications companies listed on the Johannesburg stock exchange (JSE) saw a decline in their share price over the last five years. An analysis of 21 of the largest JSE listed tech companies...
    • Jan
    • Thread
    • amazon apple brenthurst wealth management eoh facebook google johannesburg stock exchange (jse) magnus heystek microsoft mustek netflix
    • Replies: 11
    • Forum: Broadband and IT News
  8. Jan

    EOH turns a R1.3 billion operating loss into R147 million profit

    Big EOH turnaround South African technology services company EOH has released its financial results for the year ended 31 July 2021, revealing the organisation has swung operating profit to R147 million from a R1.3 billion loss last year.
  9. Jan

    EOH taking a beating

    EOH hammered in 2021 EOH has been hammered in 2021. It faces a public sector blacklisting threat, the SIU continues to investigate corrupt EOH contracts, and its share price plummeted by 46% this year. Founded in 1998 by Asher Bohbot, EOH is one of South Africa’s best-known IT companies and...
    • Jan
    • Thread
    • asher bohbot eoh special investigating unit (siu) state information technology agency (sita) stephen van coller
    • Replies: 10
    • Forum: Broadband and IT News
  10. Jan

    NTT decision blocked almost-deal between Dimension Data and EOH

    Dimension Data had exploratory discussion with EOH, but NTT decision prevented possible deal Dimension Data had exploratory discussions with EOH about a potential fit, but decisions by its parent company NTT prevented a possible deal. MyBroadband received information from a well-placed source...
  11. Jan

    SIU investigating R474 million in EOH contracts for corruption

    EOH contracts worth R474 million probed for corruption The Special Investigating Unit (SIU) will investigate four IT contracts to the value of R474 million awarded to EOH by the Department of Water and Sanitation (DWS). The SIU said the contracts linked to corruption and maladministration were...
    • Jan
    • Thread
    • cyril ramaphosa department of water and sanitation (dws) eoh lindiwe sisulu special investigating unit (siu)
    • Replies: 0
    • Forum: Broadband and IT News
  12. Jan

    A2X approves listing of EOH

    EOH to be listed on A2X South African technology company EOH Holdings Limited has been approved for a secondary listing on the A2X Markets stock exchange. The company announced its ordinary shares would be available for trade on A2X from Friday 13 August 2021.
  13. Jan

    SITA considering blacklisting EOH over tender fraud

    EOH faces blacklisting for tender fraud EOH is close to being blacklisted from doing business with the government, which will be a major blow to the company. Business Day reported that the possible blacklisting is “punishment for a tender fraud scandal that surfaced three years ago and...
    • Jan
    • Thread
    • eoh luvuyo keyise state information technology agency (sita) stephen van coller zondo commission
    • Replies: 22
    • Forum: Broadband and IT News
  14. Jan

    EOH CEO under fire for spending millions on lawyers while firing staff and cutting salaries

    EOH CEO under fire for spending millions on lawyers while firing staff and cutting salaries EOH CEO Stephen van Coller is under fire for spending millions on lawyers and consultants when employees were hit with salary cuts and retrenchments. This criticism followed news that EOH sued four of...
    • Jan
    • Thread
    • asher bohbot ensafrica eoh special investigating unit (siu) stephen van coller steven nathan
    • Replies: 7
    • Forum: Broadband and IT News
  15. Jan

    EOH files R6.4 billion lawsuit against former CEO and three executives

    R6.4 billion lawsuit against former EOH CEO and three execs EOH is suing its founder and former CEO, Asher Bohbot and three other executives for a combined R6.4 billion for not dealing effectively with corruption at the company. TechCentral reported that EOH had filed civil claims against...
    • Jan
    • Thread
    • asher bohbot ebrahim laher eoh eoh mthombo jehan mackay john king
    • Replies: 9
    • Forum: Broadband and IT News
  16. Jan

    EOH executive paid R1 million to Zizi Kodwa, and he bought a Jeep

    ANC's Zizi Kodwa received R1 million from EOH — and bought a Jeep State Security Deputy Minister and former ANC spokesperson Zizi Kodwa received an R1 million loan from former EOH executive Jehan Mackay. Kodwa used the money to buy an R890,000 Jeep, and to date, he has not paid back a single...
    • Jan
    • Thread
    • eoh jehan mackay steven powell zizi kodwa zondo commission
    • Replies: 53
    • Forum: Broadband and IT News
  17. Hanno Labuschagne

    EOH paid ANC’s Zizi Kodwa for R50,000 per night luxury stays

    EOH paid ANC’s Zizi Kodwa for R50,000 per night luxury stays Evidence presented at the Zondo Commission alleges that State Security deputy minister and former ANC spokesperson Zizi Kodwa benefitted from suspicious EOH payments. Kodwa is currently the deputy minister of State Security, and...
  18. Hanno Labuschagne

    Transformation group demands "racist" FNB close EOH bank accounts

    Transformation group demands "racist" FNB close EOH bank accounts FNB must close the bank accounts of JSE-listed technology services company EOH due to its role in the procurement of overpriced contracts for the Department of Defence (DoD). This is one of the demands of pressure group...
  19. Hanno Labuschagne

    EOH CEO Stephen van Coller has done an excellent job, it is time for management to believe

    EOH CEO Stephen van Coller has done an excellent job, it is time for management to believe EOH Group CEO Stephen van Coller has done a phenomenal job to turn the company around, but until its management starts to believe, the market won’t. This is the view of some of South Africa’s top...
  20. Chris

    EOH provides clarity on SIU media statement

    EOH provides clarity on SIU media statement EOH has provided clarity on the events that led up to the signature of the Acknowledgement of Debt (AoD) related to its Department of Defence (DoD) contract. The Special Investigating Unit (SIU) this week provided details about its investigation into...
  21. Hanno Labuschagne

    EOH revenue declines but profit improves

    EOH revenue declines but profit improves EOH released its unaudited results for the six months to 31 January 2021 which showed an operating profit of R59 million – a big improvement over the R915 million loss in the prior period. The most striking figure in the results is a revenue decline of...
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