EOH Holdings published an update on the investigation into suspicious transactions at the company alongside its annual results for the year ended 31 July 2019.
EOH has blacklisted 50 “enterprise development” partners and intermediaries and reported suspected criminal behaviour to authorities for investigation and possible prosecution as it continues a clean-up of its operations.
EOH Holdings’ new black empowerment partner, Lebashe Investment Group, has said it won’t subscribe for a R250-million third and final tranche of a planned R1-billion investment in the JSE-listed technology group.
EOH Holdings expects to report a headline loss per share of at least R18 for the year ended 31 July 2019, with the number impacted by impairments, it warned shareholders on Wednesday.
EOH Holdings has renamed its ICT services business iOCO, the JSE-listed technology group said in an update to shareholders on Thursday.
EOH Holdings CEO will hold a media call at 9am on Tuesday to discuss the interim findings of an investigation by law firm ENSafrica into alleged corruption involving the IT group’s public sector contracts.
EOH Holdings has released the results of an investigation by ENSafrica into corruption at the company, stating that “evidence of serious governance failings and wrongdoing” was discovered at the company.
An investigation by law firm ENSafrica has unearthed “evidence of serious governance failings and wrongdoing at EOH”, the JSE-listed technology services group said on Tuesday.
EOH Holdings CEO Stephen van Coller will hold a media conference on Tuesday morning at which he is expected to publish the findings of an ENSafrica investigation into alleged corruption in the group’s public sector contracts.
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