Technology group EOH, whose shares have slid 88% since late 2016 on governance concerns, has appointed Xolani Mkhwanazi as its new chairman.

Mkhwanazi, who has taken over with immediate effect and replaces EOH co-founder Asher Bohbot, was chairman of BHP Billiton in SA from 2008 to 2015. He is also a former CEO of Bateman Africa and SA’s national electricity regulator.

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