About 600 bidders and onlookers stood ten-deep inside Bosasa's Imbizo Hall on Wednesday morning, braving wet and cold conditions to grab a piece of the Bosasa pie.
Sunny. Mild.
EOH Mthombo is disposing of its 100% interest in the Data World Group to help settle its debts following an investigation into suspicious transactions.
ICT group EOH's board has "substantially completed" an investigation into R1.2bn of suspicious transactions, the group said on Thursday.
EOH has appointed Xolani Mkhwanazi as group chairman, this after founder and former chairman Asher Bohbot stepped down earlier this year.
The technology company climbed the most on record as it announced plans to sell non-core businesses to generate about R1bn to quash its debts.
IT service company EOH has said that its internal investigations into its public sector contracts would be completed by May 31 and a report would be made available afterwards.
EOH Holdings Chief Executive Officer Stephen Van Coller is in a race against the clock to restructure the sprawling IT business before shareholders and lenders run out of patience.
Expose-It enables those with sensitive information about their company or organisation to pass it on to relevant authorities without fear of being identified.
The JSE tracked global markets to close weaker as concerns about a slowing global economy spread following an EU growth warning.
EOH’s new chief executive officer, Stephen Van Coller, says he will use a R1bn cash injection from a stake sale to black investors to pay for acquisitions and decrease the group’s debt.
The IT services group says its R1bn BEE equity transaction with Lebashe is set to make the company the largest majority black-owned firm in the technology sector.
Large write-offs, in part due to the fraud, have contributed to EOH's net asset value falling almost 70% to R1.957bn in the past year.
Shares in the JSE-listed ICT group have lost more than 90% of their value since the start of 2017.
The EOH board of directors will on Friday receive a report on an internal investigation into public sector contracts from ENSafrica. Select parts of the report are expected to be released to the market in June 2019.
The IT group's shares slumped more than 13% on the release of its trading statement on Friday.
The JSE-listed IT company has announced that its Channel Partner Agreement with Microsoft has been terminated.
EOH Holdings Chief Executive Officer Stephen Van Coller is in a race against the clock to restructure the sprawling South African IT business before shareholders and lenders run out of patience.
Technology service provider EOH's shares fell more than 14% on Monday, in the wake of Microsoft's decision to terminate contracts with one of its subsidiaries last week.
The JSE closed firmer on Tuesday as it took a leaf from European and US equities which were buoyant on the back of good corporate earnings out of the US.
IT services group EOH says it is bouncing back from a challenging first six months of the financial year, in which it was plagued by "fake news", a loss of goodwill and other challenges.
The share price of the JSE-listed IT company has fallen by over a fifth, after it announced a substantial decrease in its headline earnings per share.
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