Markets were kept in the dark on Friday over what had triggered the collapse in software and technology company EOH’s share price a day earlier. Investors were left to speculate that corruption allegations levelled at one of the businesses the group owned — but had now sold — were behind the sudden fall. EOH declined to comment on this assumption. On Wednesday, the Daily Maverick reported that the Independent Police Investigative Directorate (Ipid) had raided the home of Keith Keating, who is a director of three businesses the EOH group bought in November 2015 for R868m and is now in the process of selling. Keating and at least one of these businesses, Forensic Data Analysts (FDA), have been implicated in procurement misdeeds involving the South African Information and Technology Agency and the South African Police Service. After Thursday’s market close, EOH said it had agreed with the former shareholders of FDA, Grid Control Technologies (GCT) and Investigative Software Solutions (...

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