EOH Holdings’ new black empowerment partner, Lebashe Investment Group, has said it won’t subscribe for a R250-million third and final tranche of a planned R1-billion investment in the JSE-listed technology group.
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EOH has been accused of ignoring calls for an independent investigation into a subsidiary company, Healthshare Health Solutions, which is accused of sabotaging a client’s business.
EOH Holdings CEO Stephen van Coller will hold a media conference on Tuesday morning at which he is expected to publish the findings of an ENSafrica investigation into alleged corruption in the group’s public sector contracts.
German software giant SAP and EOH affiliate company Twenty Third Century Systems have been accused of bribery to secure a multimillion-dollar software contract in Tanzania.
Corruption will be “dealt with” and anyone at EOH involved in unethical business practices will not get away with it, the IT services group’s CEO, Stephen van Coller, warned on Wednesday.
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.