EOH CEO Stephen van Coller, who is credited with cleaning up a nest of corruption at the group, will step down in March.
Browsing: Asher Bohbot
A group claiming to be former employees and shareholders going under the name “Save EOH”, all of them anonymous, have accused CEO Stephen van Coller of destroying shareholder value.
The results for the financial year to July 2021 released on Thursday may give the optimists something to cling to.
John King, the former chief financial officer of EOH Holdings who was being sued by the company for R1.7-billion in damages, has died.
The news this week that the State IT Agency is pressuring national treasury to ban government from doing business with JSE-listed IT services group EOH Holdings makes no sense.
EOH Holdings could soon be blacklisted by from doing business with government – if the State IT Agency (Sita) gets its way. This follows the public sector corruption scandals uncovered at the group in recent years.
EOH said on Tuesday that the civil suits against several of its former directors mark a “significant milestone” in holding those responsible for the governance failings that took place at EOH accountable.
Exclusive | EOH Holdings is suing its co-founder and former CEO, Asher Bohbot, and its former chief financial officer, John King, for R1.7-billion in damages each. It is also pursuing several other former executives.
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.
While big technology shares in the US have continued to hit new highs in 2020 – among them, Microsoft, Apple, Amazon, Google and Nvidia – JSE-listed IT companies have had a torrid start to the new decade.