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...
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.
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...
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...
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.
EOH revenue declines but losses shrink substantially
South African technology firm EOH made less revenue in its past financial year but recorded a significantly lower financial loss overall.
The company published its latest financial results on Wednesday, showing that revenue declined from...
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...
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...
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.
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%...
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...
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...
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...
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.
What to study to become a top South African telecoms exec
Degrees in accounting, engineering, and commerce are three of the best types of qualifications to pursue if you wish to become a top telecommunications executive in South Africa.
We looked at the qualifications of several leading chief...
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...
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...
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...
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...