EOH in serious trouble

Daniel Puchert

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Top South African tech company in serious trouble

EOH, soon to be renamed iOCO, has reported a concerning rise in interest-bearing debt, which caused it to breach one of its debt covenants.

EOH released its results for the year that ended 31 July 2024, and the company pulled out all the stops to sell its turnaround story.
 
Oh, so polishing the turd doesn't help.
Who would have thought?
giphy.gif
 
A few years ago, they wanted to bring our team (then 7 people) on board. I'm so glad we decided against it.

Working in corpo will forever be a death march, it grids all who enter, to dust.
 
Don't worry, the rebranding will save them...
Not sure it's drastic enough. They should've picked a name relating to a struggle hero or other terrorist to really drive their point home. Something like Osama bin Tech'in.
ISIT
Da'techsh
 
A few years ago, they wanted to bring our team (then 7 people) on board. I'm so glad we decided against it.

Working in corpo will forever be a death march, it grids all who enter, to dust.
I went for an interview there just before the schit hit the fan. So glad I didn't make the cut :ROFL:
 
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