EOH’s regeneration plan is bearing fruit

EOH sharply cut its debt and losses in the 2020 financial year, putting it closer to restoring its financial health after a devastating fraud scandal that almost tipped the tech outfit into bankruptcy.

CEO Stephen van Coller has made fixing the company’s balance sheet a priority since taking over two years ago after allegations of underhanded dealings with the government forced it into taking billions of rand in writedown charges and sparked a selling frenzy of its stock...