EOH updated shareholders on Wednesday after Microsoft pulled the plug on two partnership agreements, but has still not explained the software giant’s reasons for doing so.
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Shares in EOH Holdings plunged by as much as 34.3% in Johannesburg on Tuesday morning after news emerged late on Monday that Microsoft had terminated two partner agreements with the JSE-listed technology services group.
Listed technology services group EOH Holdings issued a statement to shareholders at 1.41pm on Tuesday, providing an update on the termination by Microsoft of its channel partner agreement.
Mystery surrounds a decision by Microsoft South Africa to terminate two partner agreements with JSE-listed technology services group EOH.
The State IT Agency has finally explained why it pulled the plug on a government tender, worth up to R1,5bn, to roll out broadband to underserviced parts of the country: none of the bidders qualified. The tender was the first phase of a network
EOH subsidiary EOH Mthombo has acquired 100% of the entire issued share capital of Tactical Software Systems Managed Services (TSSMS) for R130,5m, beefing up its exposure to public sector IT spending. TSSMS specialises