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.
Browsing: Stephen van Coller
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.
Podcast | For the past two years, Stephen van Coller has been holding down one of the toughest CEO jobs in South Africa – attempting to lead IT services group EOH Holdings out of dire straits.
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.
EOH Holdings CEO Stephen van Coller testified at the Commission of Inquiry into State Capture on Monday. Watch the testimony here, with visuals courtesy of SABC News.
EOH Holdings said in an investor update on Wednesday that it turned in a “resilient financial performance” in its third fiscal quarter and that it’s returned to a stable and cash-generative position.