EOH Holdings CEO Stephen van Coller said late on Friday that he is confident that the IT services group will not be blacklisted by government.
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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 | Rob Godlonton, a former top executive at EOH Holdings, is spearheading the development of a new IT services business in the JSE-listed Reunert stable.
The City of Johannesburg has reassured residents that the end of an SAP support contract with EOH Holdings will not affect the city’s billing system or its other IT infrastructure.
EOH Holdings has reduced its headcount by 1 566 employees in the past six months, mainly through selling or closing non-core and non-performing businesses, as it streamlines its operations and further reduces debt.
EOH Holdings’ six-monthly revenue, for the period ended 31 January 2021, fell by 29% year on year, mostly due to the disposal of businesses, as it said legacy public sector contract problems are now “under control”.
Promoted | Africa is ripe with opportunities for technology-led distruption, says EOH Holdings CEO Stephen van Coller in this first in a series of podcasts with executives from iOCO, the systems integrator in the EOH group.