EOH has reported its last set of results under its outgoing CEO, and they show a business under considerable pressure.
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EOH has agreed to cough up R112-million with immediate effect, forcing the group to increase its borrowings.
Andrew Mthembu will hold the CEO reins at EOH on an interim basis until a replacement can be found for Stephen van Coller.
EOH Holdings has warned of tough trading conditions in a statement to shareholders.
EOH CEO Stephen van Coller will step down in March. By his own admission, the job was not what he expected it to be.
EOH CEO Stephen van Coller, who is credited with cleaning up a nest of corruption at the group, will step down in March.
EOH Holdings saw its share price fall sharply on Thursday after issuing a trading update that disappointed investors.
EOH Holdings chief financial officer Megan Pydigadu has tendered her resignation.
Reunert-owned IT systems integrator +OneX has bought MMC, a privately owned security and managed services provider.
Shares in JSE-listed EOH Holdings rose more than 5% after the IT services group reported its first financial results following its recent rights issue.