EOH has beaten its target of raising R1bn for the sale of noncore assets to pay debt as part of efforts to clean up its balance sheet following a devastating tender fraud.

CEO Stephen van Coller launched a sweeping overhaul of the technology group in October, including selling assets to reduce the firm’s R3.1bn debt pile and improve governance standards after a forensic investigation report found close to R1bn in underhanded dealings between its employees and its client, the government.

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