John King, the former chief financial officer of EOH Holdings who was being sued by the company for R1.7-billion in damages, has died.
Browsing: Jehan Mackay
The news this week that the State IT Agency is pressuring national treasury to ban government from doing business with JSE-listed IT services group EOH Holdings makes no sense.
EOH Holdings could soon be blacklisted by from doing business with government – if the State IT Agency (Sita) gets its way. This follows the public sector corruption scandals uncovered at the group in recent years.
EOH said on Tuesday that the civil suits against several of its former directors mark a “significant milestone” in holding those responsible for the governance failings that took place at EOH accountable.
Exclusive | EOH Holdings is suing its co-founder and former CEO, Asher Bohbot, and its former chief financial officer, John King, for R1.7-billion in damages each. It is also pursuing several other former executives.
Suspicious payments flowed to a company owned by Johannesburg mayor Geoff Makhubo and to the ANC in the months directly before and after EOH landed major contracts with the city.
Former EOH executive Jehan Mackay has taken centre stage in corruption allegations involving payments to senior ANC figures, including Zizi Kodwa and a former personal assistant to ex-President Jacob Zuma.
EOH founder and nonexecutive chairman Asher Bohbot said on Wednesday that the JSE-listed IT services group was caught up in the “war” over state capture in South Africa. Speaking to investment analysts and
Former EOH CEO Asher Bohbot will return to the business he founded on a full-time basis to focus on strategy and stakeholder management, the listed technology group said in a statement on Wednesday. Bohbot returns to EOH at a
The aggressive selloff in EOH shares continued on Friday morning, with the counter shedding another 41% to reach lows last seen six years ago, well below R30/share. Friday morning’s plunge follows a 34.7% decline on Thursday