Promoted | The Brics formation offers South African companies unprecedented access to markets that make up more than 40% of the world’s population, says EOH’s chief commercial officer in this podcast interview.
EOH Holdings is in “advanced negotiations” with the departure of water affairs & sanitation over compensation related to four dodgy contracts awarded to the IT services company worth R474-million.
The Special Investigating Unit will lodge an investigation into allegations of corruption and maladministration involving tenders awarded to EOH by the department of water & sanitation.
JSE-listed IT services group EOH Holdings plans a secondary listing on A2X Markets, with its shares to available to trade from Friday, 13 August.
EOH Holdings CEO Stephen van Coller said late on Friday that he is confident that the IT services group will not be blacklisted by government.
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.
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.
JSE-listed Reunert’s newly launched IT services business, +OneX – led by former top EOH executive Rob Godlonton – said on Wednesday that it is buying cloud specialist Triple H Cloud Services.