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.
Browsing: Ebrahim Laher
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.
Suspicious payments flowed to a company owned by Johannesburg mayor Geoff Makhubo and to the ANC in the months directly before and after EOH landed major contracts with the city.
In an unexpected development, the founder CEO of EOH, the technology services group that has delivered impressive returns for shareholders for many years, is stepping down. Asher Bohbot will leave the JSE-listed group