IT services group iOCO expects interim EPS between 27c and 30c amid restructuring success.
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Dennis Venter has resigned as co-CEO of JSE-listed IT services group iOCO with immediate effect.
iOCO has expanded its operations in Saudi Arabia, growing its cloud practice there through a partnership with AWS.
iOCO has repurchased a further 2.18 million of its own shares, continuing a buyback programme launched last year.
Many of South Africa’s listed tech companies performed well in 2025, with some growing their share prices by over 70%.
iOCO is stepping up its share repurchase programme, acquiring a further 2.34 million ordinary shares in December.
JSE-listed IT services group iOCO – previously EOH Holdings – has appointed Lerato Pule to its board of directors.
iOCO is pursuing out-of-court settlements with the former senior executives it sued over alleged governance failures.
iOCO’s new leadership team is gearing up for an acquisition spree, and is looking for deals worth up to R1-billion.
The turnaround at iOCO continues apace, with the group now even considering acquisitions to help fuel growth.