EOH Holdings will pay R177-million as final settlement related to a corrupt legacy contract it entered into with the department of water & sanitation.
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EOH has announced details of its plan to go to shareholders for cash to resolve its legacy debt issues, sending its share price sliding to a multi-year low.
EOH Holdings has announced it plans a R500-million rights issue as it moves to deal once and for all with the debt on its balance sheet.
EOH will announce details of a planned capital restructuring soon after it publishes its financial results later this month.
EOH Holdings should be in a position to announce its capital-raising plans when it publishes it full-year results to 31 July 2022.
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TechCentral spoke to newly appointed Dimension Data CEO Alan Turnley-Jones about the company’s future in his first media interview since taking the role.
Reunert would consider an acquisition of EOH Holdings if the listed IT services group was put up for sale, CEO Alan Dickson has told TechCentral.