eoh

  1. J

    EOH CEO explains why staff take a salary hit while execs score millions

    EOH CEO explains why staff take a salary hit while execs score millions Many EOH employees are angry. They have been told they will not receive their expected salary increases this month and that the issue will only be revisited in August. This salary freeze followed salary cuts last year...
  3. J

    New evidence reveals how EOH bankrolled the ANC

    New evidence reveals how EOH bankrolled the ANC Evidence presented at the Zondo Commission has shown how EOH paid millions to high-profile ANC politicians in donations and made irregular payments in exchange for lucrative tenders. EOH CEO Stephen Van Coller said their investigation into...
  4. J

    Corruption at EOH laid bare

    Corruption at EOH laid bare EOH paid R865 million to subcontractors where there is no evidence that work was done and there was a lot of inappropriate gifting, sponsorships, and donations. This was one of the pieces of information shared by EOH CEO Stephen Van Coller in his testimony at the...
  5. J

    EOH hit with R5-million fine for false financial reporting

    EOH hit with R5-million fine for false financial reporting The JSE has imposed a R7.5-million fine on EOH, R2.5 million of which has been suspended for five years on condition that EOH does not breach the provisions of the JSE listing requirements. The remaining R5 million will be appropriated...
  6. J

    EOH's disposal of LSD - The numbers of the deal

    EOH's disposal of LSD - The numbers of the deal EOH recently announced that it was disposing of its stakes in two businesses - CSS and LSD. In the case of CSS, EOH's 30% stake in CCS will be sold to RIB Limited - which purchased the preceding 70% from EOH subsidiary EOH Mthombo in July 2019.
  7. J

    EOH CEO takes 25% salary cut

    EOH CEO takes 25% salary cut EOH has released its interim results for the six months ended 31 January 2020, which showed that total revenue decreased by 21.8% to R6.35 billion. This decline is mainly a result of lower hardware and software sales, as well as legacy public sector ERP...
  8. J

    Drastic measures at EOH

    Drastic measures at EOH EOH CEO Stephen Van Coller has unveiled a list of stringent measures to dramatically cut costs and manage liquidity at the company. In a letter to staff, Van Coller said the unprecedented times they find themselves in requires the company to implement stringent actions...
  9. J

    EOH CEO responds to allegations from company executives

    EOH CEO responds to allegations from company executives EOH is not doing well. It has to address a big debt burden and is trying to rid itself of the image of a corrupt company - and this has to be done in a very tough economy. At the forefront of the company’s planned turnaround are a new...
  10. J

    Lebashe withholds investment in EOH Holdings

    Lebashe withholds investment in EOH Holdings EOH Holdings informed its shareholders in a statement on Friday that the company's black empowerment partner, Lebashe Investment Group, will not subscribe for a further R250-million tranche in the company. The amount was to be the final part of a...
  11. J

    EOH scandal - Corruption and BEE fronting allegations

    EOH scandal - Corruption and BEE fronting allegations EOH is facing further allegations of questionable conduct, this time about BEE fronting and tender rigging relating to a R1.2-billion IT tender from the City of Joburg. The City Press reported that a politically-connected middleman claims...
  12. J

    EOH probe unearths serious corruption

    EOH probe unearths serious corruption EOH Holdings has released the results of an investigation by ENSafrica into corruption at the company, stating that “evidence of serious governance failings and wrongdoing" was discovered at the company. The probe was requested by EOH CEO Stephen van...
  13. J

    EOH to sell 70% of its enterprise software provider to RIB Limited

    EOH to sell 70% of its enterprise software provider to RIB Limited EOH subsidiary EOH Mthombo has entered into a share purchase agreement with RIB Limited, a subsidiary of listed German firm RIB Software SE, which will see EOH sell 70% of its shares in Construction Computer Software (CCS) for...
  14. J

    EOH appoints new board chairman

    EOH appoints new board chairman EOH has appointed Dr Xolani Mkhwanazi as chairman of its board with immediate effect. “I am excited to be joining a company at the forefront of technology and job creation in South Africa," said Mkhwanazi.
  15. J

    EOH share price falls following results delay

    EOH share price falls following results delay EOH announced to shareholders that it is rescheduling the release of its interim financial results for the six-month period ended 31 January 2019. The delay will allow the group's new financial director, Megan Pydigadu, to complete a financial...
  16. J

    EOH suspends employees involved in corruption

    EOH suspends employees involved in corruption EOH Holdings Ltd. suspended some employees involved in deals being reviewed by its lawyers after an anonymous complaint prompted Microsoft Corp. to cancel a contract with the South African IT company. “We have either suspended or received...
  17. J

    If you have evidence of unethical practices, come forward - EOH

    If you have evidence of unethical practices, come forward - EOH EOH has published an announcement informing shareholders of developments in the media concerning the termination of its partnership with Microsoft. These developments include a report that EOH was involved in a corrupt...
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    EOH’s global expansion plans

    EOH’s global expansion plans EOH will continue its expansion into the Middle East and rest of Africa, while growing its footprint in markets such as Western Europe and North America.
  19. Kevin Lancaster

    Asher Bohbot to step down as CEO of EOH

    Asher Bohbot to step down as CEO of EOH CEO and founder of EOH Asher Bohbot will step down from his position, the company announced.
  20. Kevin Lancaster

    EOH acquires Cornastone companies

    EOH acquires Cornastone companies EOH has announced the acquisition of the Cornastone group of companies, subject to regulatory approval.
  21. Kevin Lancaster

    EOH buys Aptronics

    EOH buys Aptronics EOH has acquired 100% of Aptronics, subject to regulatory approval.
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