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.
Browsing: Asher Bohbot
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.
EOH Holdings has announced that Andrew Mthembu has been appointed as full-time chairman following the death last month of previous chairman Xolani Mkhwanazi.
In a pre-closing update ahead of the publication of the group’s interim financial results for six months to end-January 2020, EOH signalled that it’s slowly turning the corner, operationally at least.
EOH is in the cross-hairs of shareholders over executive pay, with an astonishing 65% of shareholders voting against the group’s remuneration policy and its implementation at Thursday’s AGM.
Two of EOH Holdings’ most senior executives have resigned. Zunaid Mayet, a former group CEO and most recently CEO of Nextec, and Rob Godlonton, the CEO of EOH’s ICT business, have quit with immediate effect.
EOH has appointed Xolani Mkhwanazi as chairman of the board with immediate effect, replacing co-founder Asher Bohbot, who stepped down at the end of February amid a major shake-up in corporate governance.
EOH CEO Stephen Van Coller sent a letter to employees, clients and shareholders on Friday, reflecting on what has been a week from hell for the JSE-listed IT services group. Read it here.
Amid a the worst crisis in its 21-year history, outgoing EOH chairman Asher Bohbot on Wednesday gave an impassioned speech in defence of the troubled company he founded more than two decades ago.
EOH Holdings said two of its founders resigned in a board shake-up as CEO Stephen van Coller races against time to restructure the South African technology firm and calm investors and lenders.