EOH Holdings founder Asher Bohbot is stepping down from the JSE-listed IT services group’s board of directors, ending a source of potential conflict with newly appointed CEO Stephen van Coller.
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Stephen Van Coller, EOH Holdings’ new CEO, said he will use a R1-billion cash injection from a stake sale to black investors to pay for acquisitions and decrease the group’s bank debt.
EOH and prospective black-owned equity partner Lebashe have amended their planned empowerment deal. Lebashe will now invest R1-billion in the JSE-listed technology services group.
Shareholders in EOH have made their unhappiness known, with sizeable votes against five executive directors and significant resistance to its remuneration policy at Thursday’s annual general
EOH founder and nonexecutive chairman Asher Bohbot said on Wednesday that the JSE-listed IT services group was caught up in the “war” over state capture in South Africa. Speaking to investment analysts and
EOH’s share price plunged more than 20% on Wednesday after the JSE-listed technology services group disappointed investors with a weaker-than-expected earnings update. The update, announced just days after the
EOH, one of South Africa’s largest business technology services companies, has announced a major restructuring, which will result in the creation of two distinct businesses in the group, one of which will continue to trade under
In the penultimate episode of TalkCentral for 2017, Duncan McLeod and Regardt van der Berg delve into the week’s big technology news, including Amazon Web Services’ deal with Teraco. Also this week, they look at Asher Bohbot’s
Former EOH CEO Asher Bohbot will return to the business he founded on a full-time basis to focus on strategy and stakeholder management, the listed technology group said in a statement on Wednesday. Bohbot returns to EOH at a
The aggressive selloff in EOH shares continued on Friday morning, with the counter shedding another 41% to reach lows last seen six years ago, well below R30/share. Friday morning’s plunge follows a 34.7% decline on Thursday