EOH has appointed Xolani Mkhwanazi as chairman of the board with immediate effect, replacing co-founder Asher Bohbot, who stepped down at the end of February amid a major shake-up in corporate governance.
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EOH Holdings’ shares continued their strong rally into Tuesday as CEO Stephen van Coller told investors that a new base had been established for the technology services group’s future growth.
EOH shares soared nearly 25% on Monday, ahead of interim results on Tuesday, as investors began taking the view that the worst may be over for the battered JSE-listed technology services group.
Technology services group EOH Holdings will report a huge loss for the six months ended 31 January 2019 on the back of significant impairments as the new management team moves to clean up the business.
On the TalkCentral podcast this week, Duncan McLeod and Regardt van der Berg unpack Apple’s big services event and wonder if the company has done enough to be a meaningful competitor to Netflix.
EOH has expressed disappointment in the way Microsoft has handled the termination of their partnership agreements after the software giant extended the cancellations to more of its operating entities.
In a move that is unlikely to be well received by investors, EOH Holdings said on Wednesday that it will delay publication of its interim financial results by three weeks.
It’s not even the end of the first quarter and already there’s a plethora of once-significant South African companies that have either collapsed or had their share prices hit the wall.
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.