Newly appointed EOH Holdings CEO Stephen van Coller is snapping up the JSE-listed IT services group’s shares, a regulatory filing on Monday shows.
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In this episode of the podcast, Duncan McLeod interviews newly appointed EOH Holdings CEO Stephen van Coller on the group’s disappointing 2018 financial results and how he plans to turn the situation around.
EOH Holdings financial director John King has resigned. King announced his decision to leave the business at the group’s annual results presentation in Sandton on Wednesday.
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.
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.