Stephen Van Coller, EOH Holdings’ new CEO, said he will use a R1-billion cash injection from a stake sale to black investors to pay for acquisitions and decrease the group’s bank debt.
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The most troubled year in EOH’s history has ended, with the JSE-listed technology services group reporting a loss of R104-million, down from a profit of R1.2-billion in 2017.
The JSE is proposing tighter listing rules after South African financial markets were “shaken by a range of corporate scandals, rumours and innuendo” over the past year.
Full-year headline earnings per share at troubled JSE-listed technology services group EOH could fall by as much as 70%, it said on Thursday.
EOH and prospective black-owned equity partner Lebashe have amended their planned empowerment deal. Lebashe will now invest R1-billion in the JSE-listed technology services group.
In this episode of TalkCentral, Duncan McLeod and Regardt van der Berg unpack the European Union’s record €4.3-billion fine against Google over Android – is it justified, or is the EU simply interfering in a market that doesn’t need regulating?
MTN’s Stephen van Coller will join EOH as its new group CEO, effective from 1 September. He resigned as a vice president at MTN Group on Thursday after two years with the mobile telecommunications provider.
Stephen van Coller will leave MTN Group at the end of August. Vice president for digital services, data analytics and business development, he has resigned to take up a group CEO position at another JSE-listed company.
EOH Holdings, the ICT firm that is splitting into two divisions, will consider spinning off one of the units and trading the shares separately. The Johannesburg-based company plans to lump its ICT businesses
EOH CEO Zunaid Mayet is relinquishing his role as group CEO to take the reins at newly created subsidiary Nextec, the JSE-listed IT services group said in a statement on Wednesday before markets opened