Sector: Technology
The company is not available at Interactive Brokers
EOH (JSE:EOH) is Africa’s Largest Technology Service Provider. The Group gives technology-agnostic business advice and delivers practical, actionable and tangible business and technology knowledge services. The EOH business model embraces consulting, technology, and outsourcing. These services are applied to provide high-value, end-to-end solutions for its clients.
The Group’s c.10,500 employees deliver services to over 2 500 large enterprise customers across all major industries throughout South Africa, Africa, Europe and the Middle East. As a proudly South African business, EOH is committed to sustainable transformation, making a positive, meaningful contribution to society, and is a level 1 Broadbased Black Economic Empowerment (‘B-BBEE’) contributor.
Following the Consulting, Technology and Outsourcing model, the group provides high value, end-to-end solutions to its clients in all industry verticals through the following operating businesses:
NEXTEC
iOCO
Sybrin
Syntell
Information Services
CCS
Semi-Annual values ($m)
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FCF ($m)
Net Debt / Cash and Equivalents ($m)
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Potential dynamics
EOH has reported its last set of results under its outgoing CEO, and they show a business under considerable pressure.
2024-03-26 08:59 +02:00
Andrew Mthembu will hold the CEO reins at EOH on an interim basis until a replacement can be found for Stephen van Coller.
2024-02-22 18:41 +02:00
EOH Holdings has warned of tough trading conditions in a statement to shareholders.
2024-01-31 17:50 +02:00
EOH Holdings saw its share price fall sharply on Thursday after issuing a trading update that disappointed investors.
2023-09-28 17:50 +02:00
Megan Pydigadu clearly relishes a challenge. She is leaving EOH to become chief operating officer at Spar.
2023-07-28 10:57 +02:00
EOH Holdings chief financial officer Megan Pydigadu has tendered her resignation.
2023-07-25 20:08 +02:00
Reunert-owned IT systems integrator +OneX has bought MMC, a privately owned security and managed services provider.
2023-04-17 09:15 +02:00
EOH Holdings expects to generate an operating profit from continuing operations of as much as R120-million in the six months ended 31 January 2023.
2023-03-29 09:52 +02:00
Seacom said on Thursday that its CEO, Oliver Fortuin, is stepping down after two years in the role.
2023-03-09 14:59 +02:00
JSE-listed Reunert has reach an agreement to buy 74.2% of management and technology consulting firm IQbusiness.
2023-03-09 09:00 +02:00
New shares will be offered in the ratio of 227 rights offer shares for every 100 ordinary shares held, the IT services group said.
2023-01-19 11:22 +02:00
JSE-listed IT services group EOH Holdings has outlined a plan to restructure its debt following a planned rights issue.
2023-01-17 15:20 +02:00
EOH Holdings has been given the go-ahead to proceed with a planned rights offer aimed at reducing the JSE-listed IT services company’s debt.
2022-12-14 18:08 +02:00
EOH Holdings will pay R177-million as final settlement related to a corrupt legacy contract it entered into with the department of water & sanitation.
2022-11-11 19:40 +02:00
EOH has announced details of its plan to go to shareholders for cash to resolve its legacy debt issues, sending its share price sliding to a multi-year low.
2022-11-11 19:30 +02:00
EOH Holdings has announced it plans a R500-million rights issue as it moves to deal once and for all with the debt on its balance sheet.
2022-10-27 14:00 +02:00
+OneX, the IT services business in the Reunert stable, has acquired EUCafrica, a major player in Citrix on Microsoft Azure in the South African market.
2022-10-04 09:00 +02:00
EOH will announce details of a planned capital restructuring soon after it publishes its financial results later this month.
2022-10-03 16:00 +02:00
South Africa has banned Bain & Company from bidding for public-sector contracts for a decade over alleged corrupt and fraudulent practices.
2022-09-29 13:40 +02:00
EOH Holdings should be in a position to announce its capital-raising plans when it publishes it full-year results to 31 July 2022.
2022-07-29 14:59 +02:00
Reunert would consider an acquisition of EOH Holdings if the listed IT services group was put up for sale, CEO Alan Dickson has told TechCentral.
2022-05-25 18:25 +02:00
EOH Holdings CEO Stephen van Coller is considering a sale of the IT services firm after returning the group to profitability, sources said.
2022-05-04 16:38 +02:00
EOH Holdings, its board and its CEO, Stephen van Coller have been heaped with praise by the state capture commission for the way the group disclosed its role in government corruption.
2022-04-29 16:32 +02:00
EOH Holdings said on Wednesday that it has completed its “targeted” turnaround strategy after reporting a big swing to profit. This as it reported a 20% plunge in revenue.
2022-04-13 16:12 +02:00
Seacom has agreed to buy two businesses from JSE-listed EOH Holdings, Network Solutions (EOH-NS) and Hymax, for R144.9-million.
2022-04-07 15:40 +02:00
EOH Holdings shares climbed 9.4% on Thursday after it provided an upbeat assessment of its turnaround plan and pointed to improved financial results.
2022-03-31 17:32 +02:00
A whistle-blower has alleged that the US software giant is routinely involved in bribery and other malfeasance across the region.
2022-03-26 10:09 +02:00
EOH Holdings is selling several more assets as it moves to deal with the gearing problem on its balance sheet. Its shares leapt higher on the news.
2022-03-11 16:00 +02:00
EOH Holdings will meet with investors in the coming days to assess its “strategic options” for dealing with its gearing problem.
2022-03-07 16:20 +02:00
MTN Group said on Monday that its South African unit plans to hire 150 “digital experts” to meet what it calls “growing demand” for digital services.
2022-02-14 12:41 +02:00
JSE-listed technology services group EOH Holdings is considering various options to reduce the debt burden on its balance sheet.
2022-01-28 13:16 +02:00
A group claiming to be former employees and shareholders going under the name “Save EOH”, all of them anonymous, have accused CEO Stephen van Coller of destroying shareholder value.
2021-11-25 08:08 +02:00
The results for the financial year to July 2021 released on Thursday may give the optimists something to cling to.
2021-10-29 08:55 +02:00
EOH Holdings has reported a full-year loss of R280-million, an improvement from the R1.7-billion loss in the 2020 financial year.
2021-10-28 20:10 +02:00
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.
2021-10-27 14:35 +02:00
+OneX, the systems integrator founded by former EOH executive Rob Godlonton, has made another acquisition – this time of software firm Code Maven.
2021-09-27 15:20 +02:00
EOH Holdings is in “advanced negotiations” with the departure of water affairs & sanitation over compensation related to four dodgy contracts awarded to the IT services company worth R474-million.
2021-08-06 14:30 +02:00
The Special Investigating Unit will lodge an investigation into allegations of corruption and maladministration involving tenders awarded to EOH by the department of water & sanitation.
2021-08-05 17:03 +02:00
JSE-listed IT services group EOH Holdings plans a secondary listing on A2X Markets, with its shares to available to trade from Friday, 13 August.
2021-08-05 11:30 +02:00JSE:PRX JSE:NPN JSE:SOL JSE:SLM JSE:APN JSE:MRP JSE:MTM JSE:AVI JSE:JSE JSE:FBR JSE:EOH JSE:ISA
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.
2021-07-09 15:44 +02:00
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.
2021-07-06 16:00 +02:00
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.
2021-06-29 15:55 +02:00
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.
2021-06-28 11:20 +02:00
JSE-listed Reunert’s newly launched IT services business, +OneX – led by former top EOH executive Rob Godlonton – said on Wednesday that it is buying cloud specialist Triple H Cloud Services.
2021-06-23 15:00 +02:00
EOH Holdings, the JSE-listed technology services group, has appointed IBM veteran Ziaad Suleman as chief commercial officer of its core iOCO business.
2021-06-23 07:08 +02:00
EOH Holdings announced on Tuesday that it has sold subsidiary Sybrin for a cash consideration of R334.4-million. The money will be used mainly to pay down debt.
2021-06-08 16:19 +02:00
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.
2021-06-01 13:22 +02:00
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.
2021-05-03 14:59 +02:00
Two years after TechCentral broke the news that the US SEC was investigating a dodgy licensing deal involving Microsoft and EOH at the department of defence, EOH has agreed to pay back the money.
2021-04-22 15:37 +02:00
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.
2021-04-14 12:20 +02:00
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”.
2021-04-14 12:15 +02:00
EOH expects its losses to narrow significantly in the six months ended 31 January 2021, but the shares fell sharply in reaction to a trading statement published on Thursday.
2021-03-25 15:44 +02:00
Scandal-plagued IT services group EOH Holdings has turned in a significant improvement in full-year results, with the total headline loss per share in the period ended 31 July 2020 reduced by 72%.
2020-12-02 14:00 +02:00
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.
2020-11-25 19:55 +02:00
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.
2020-11-25 16:00 +02:00
EOH CEO Stephen van Coller’s testimony at the Zondo Commission of Inquiry into State Capture inadvertently turned into a lecture on how corruption between the state and the public sector happens.
2020-11-25 14:43 +02:00
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.
2020-11-23 09:10 +02:00
EOH Holdings subsidiary EOH Mthombo has sold Mars Holdings and its principal business Syntell to a consortium led by current Syntell executive directors for a base price of R211-million.
2020-11-18 16:56 +02:00
EOH Holdings expects to lose less money in the financial year ended 31 July 2020 compared to a year ago as the IT services group makes headway in cleaning up “legacy” issues.
2020-10-22 16:13 +02:00
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.
2020-07-29 15:08 +02:00
The JSE has publicly censured listed technology services group EOH Holdings over past financial reporting errors and imposed a R7.5-million fine – R2.5-million of which is suspended for five years.
2020-07-29 06:29 +02:00
The lead independent non-executive director of EOH Holdings has resigned from the board a year after being appointed and five months after taking the lead directorship role.
2020-07-28 15:48 +02:00
EOH shares rallied by almost 62% at their peak on Tuesday after it said it was making good progress in dealing with debt and was coping well through the Covid-19 lockdown.
2020-06-09 16:03 +02:00
EOH Holdings said in an update to shareholders on Tuesday that it’s weathering the Covid-19 economic storm, with its financial performance remaining “resilient” in the quarter ended 30 April.
2020-06-09 16:01 +02:00
JSE-listed technology services company EOH Holdings has appointed former Nampak CEO Andrew Marshall to its board. He joins the board as an independent non-executive director on 21 May.
2020-05-19 08:39 +02:00
Debt-laden EOH Holdings is disposing of its remaining 30% interest in Construction Computer Software in an effort to further deleverage its balance sheet.
2020-04-20 16:33 +02:00
Top executives at JSE-listed IT services group EOH Holdings, including CEO Stephen van Coller, will have their salaries cut by 25%, while those earning more than R250 000/year will see their pay reduced by 20%.
2020-04-07 15:08 +02:00
EOH Holdings reported a 21.8% decline in total revenue to R6.4-billion in the six months to 31 January 2020, but losses decreased as it said it was making headway with its turnaround plan.
2020-04-07 15:05 +02:00
EOH Holdings is poised to slash employee salaries by as much as 20% in an effort to stave off a potential Covid-19 lockdown-induced crisis at the JSE-listed IT services group.
2020-04-04 11:06 +02:00
EOH Holdings expects to reduce its headline loss per share by at least 47% in its latest reporting period, the JSE-listed IT services group said on Thursday.
2020-03-19 09:13 +02:00
South Africa’s benchmark stock index plunged the most since the market crash of October 1997 as reaction to US measures aimed at curbing the spread of the coronavirus accelerated the sell-off.
2020-03-12 14:23 +02:00JSE:NPN JSE:MTN JSE:VOD JSE:SOL JSE:AVI JSE:TKG JSE:JSE JSE:BLU JSE:EOH JSE:ISA
MTN Group shares fell more than 12% on Monday morning in Johannesburg, to their lowest levels in nearly 14 years, as investors digested the news of a shock fall in oil prices overnight.
2020-03-09 15:15 +02:00JSE:MTN JSE:VOD JSE:SOL JSE:AVI JSE:JSE JSE:BLU JSE:MPT JSE:EOH
While big technology shares in the US have continued to hit new highs in 2020 – among them, Microsoft, Apple, Amazon, Google and Nvidia – JSE-listed IT companies have had a torrid start to the new decade.
2020-02-27 10:11 +02:00
JSE-listed technology services group EOH Holdings has appointed Anushka Bogdanov as its new lead independent non-executive director, replacing Andrew Mthembu, who was recently named as chairman.
2020-02-20 16:58 +02:00
It’s been a grim start to 2020 for some South African-listed technology companies, which have seen their shares battered on weak earnings updates and negative investor sentiment.
2020-02-18 15:16 +02:00
EOH Holdings has announced that Andrew Mthembu has been appointed as full-time chairman following the death last month of previous chairman Xolani Mkhwanazi.
2020-02-10 10:20 +02:00
Since their peak in 2016, shares in EOH – which describes itself as Africa’s largest technology service provider – have plunged by an eye-watering 97%. They have lost more than 50% in the value since 1 January alone.
2020-02-06 12:10 +02:00
In a pre-closing update ahead of the publication of the group’s interim financial results for six months to end-January 2020, EOH signalled that it’s slowly turning the corner, operationally at least.
2020-01-30 17:00 +02:00
Shares in the JSE-listed technology group plunged to levels last seen more than 10 years ago on Wednesday as investors continued to fret about its prospects.
2020-01-29 13:57 +02:00
EOH Holdings chairman Xolani Humphrey Mkhwanazi has passed away, the JSE-listed technology group said on Monday.
2020-01-06 19:39 +02:00
It was a busy news year in South Africa’s technology industry, with demand for reliable and quality news and analysis about the local ICT sector clearly evidenced in TechCentral’s readership growth.
2020-01-02 10:37 +02:00
EOH Holdings subsidiary EOH Abantu has agreed to sell its shares in Dental Information Systems (Denis Group) to AfroCentric Investment Corp for an effective R250-million.
2019-12-13 09:42 +02:00
EOH is in the cross-hairs of shareholders over executive pay, with an astonishing 65% of shareholders voting against the group’s remuneration policy and its implementation at Thursday’s AGM.
2019-12-09 14:42 +02:00
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.
2019-10-15 19:00 +02:00
EOH Holdings plans to sell a further R1-billion of non-core businesses in 2020 as it reorganises and reduces debt.
2019-10-15 18:00 +02:00
The JSE-listed software services group reported a rare slide in profitability for the year ended 30 June 2019 and has deferred a decision on a dividend payment to shareholders to the end of the year.
2019-10-14 14:32 +02:00
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.
2019-10-14 14:00 +02:00
EOH has been accused of ignoring calls for an independent investigation into a subsidiary company, Healthshare Health Solutions, which is accused of sabotaging a client’s business.
2019-10-03 18:00 +02:00
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.
2019-09-18 08:26 +02:00
EOH Holdings has renamed its ICT services business iOCO, the JSE-listed technology group said in an update to shareholders on Thursday.
2019-08-01 16:55 +02:00
Wing Kurt-Lee Arendse scored a hattrick of tries as a South Africa side missing several regulars made it an unhappy return for Australia coach Eddie Jones as the Springboks eased to a 43-12 Rugby Championship win at Loftus Versfeld on Saturday.
2023-07-08South Africa`s Karoo region has always been parched - it means land of thirst in the language of its earliest inhabitants, the Khoisan hunter gatherers.
2019-12-02
