Scandal-plagued IT services group EOH Holdings has turned in a significant improvement in full-year results, with the total headline loss per share in the period ended 31 July 2020 reduced by 72%.
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Former EOH executive Jehan Mackay has taken centre stage in corruption allegations involving payments to senior ANC figures, including Zizi Kodwa and a former personal assistant to ex-President Jacob Zuma.
EOH Holdings CEO Stephen van Coller testified at the Commission of Inquiry into State Capture on Monday. Watch the testimony here, with visuals courtesy of SABC News.
EOH Holdings subsidiary EOH Mthombo has sold Mars Holdings and its principal business Syntell to a consortium led by current Syntell executive directors for a base price of R211-million.
Andile Ngcaba, the former chairman of Dimension Data Middle East & Africa, is suing the company over alleged racial discrimination and after it allegedly violated an undertaking over equal pay.
JSE-listed international technology group Datatec said on Thursday that its subsidiary Logicalis Group has bought a 65% stake in Singapore’s iZeno, a specialist in digital transformation solutions.
Gijima, the IT services group founded by businessman Robert Gumede, has agreed to acquire the South African subsidiary of T-Systems, the IT services arm of German telecoms giant Deutsche Telekom.
Software services group Adapt IT on Monday published full-year financial results to 30 June 2020 that showed remarkable resilience in the face of the Covid-19 pandemic and lockdown.
Altron shares rallied more than 20% on Thursday after the technology services group reported solid interim results despite the Covid-19 pandemic and said it was proceeding with plans to list its Bytes UK business.
EOH Holdings expects to lose less money in the financial year ended 31 July 2020 compared to a year ago as the IT services group makes headway in cleaning up “legacy” issues.