EOH CEO Stephen van Coller is in a race against the clock to restructure the sprawling SA IT business before shareholders and lenders run out of patience. Van Coller, a former executive at Barclays Africa and MTN, was brought in to turn around the troubled business and improve its corporate reputation after allegations of corruption linked to government contracts. He plans to break Johannesburg-based EOH into different parts to release greater value from a portfolio of more than 270 companies, while appointing PwC as an internal auditor and launching a whistle-blower app. “EOH is like a vegetable soup, where it’s not clear if it’s 10% carrots or 90% carrots,” the CEO said. “We’re working toward fixing this, and part of that will be to split it into different units with separate boards to get the capital structure right.” Van Coller has his work cut out. EOH shares went into free fall last week when Microsoft cut ties with the company which, according to TechCentral website, came aft...

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