EOH warns of more write-downs amid governance cleanup
Technology group is on a drive to root out corruption and repair its reputation
01 August 2019 - 10:56
Technology group EOH, which reduced the value of certain assets by R1.7bn in April, has warned that more impairments could follow as the group restructures itself and looks to repair its dented reputation. The news resulted in the share price dropping 8.2% to close at R16.31 from highs of more than R170 in 2015.
Led by CEO Stephen van Coller since September 2018, EOH has been on a drive to root out wrongdoing in certain subsidiaries following an aggressive acquisition spree. The group has been plagued by governance concerns in recent years...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.