Seacom has agreed to buy two businesses from JSE-listed EOH Holdings, Network Solutions (EOH-NS) and Hymax, for R144.9-million.
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EOH Holdings shares climbed 9.4% on Thursday after it provided an upbeat assessment of its turnaround plan and pointed to improved financial results.
A whistle-blower has alleged that the US software giant is routinely involved in bribery and other malfeasance across the region.
EOH Holdings is selling several more assets as it moves to deal with the gearing problem on its balance sheet. Its shares leapt higher on the news.
EOH Holdings will meet with investors in the coming days to assess its “strategic options” for dealing with its gearing problem.
Cape Town has threatened to scrap contracts with companies including EOH, EY and Nedbank after the firms were named in the Zondo probe into state capture.
Promoted | In mid-2020, nuvoteQ was approached by a pharmaceutical company with a very specific need: it was looking for a life-science clinical trials platform.
Promoted | When Asset, a proudly EOH company, received a call to build Africa’s first free online digital educational platform, we jumped at the opportunity.
JSE-listed technology services group EOH Holdings is considering various options to reduce the debt burden on its balance sheet.
MTN Group had a barnstorming 2021. The telecommunications group, despite its size, was the best performer among technology shares in South Africa last year.