In a sign that the once must-have in fund managers’ portfolios is on a comeback trail, EOH has posted an operating profit for the first time since founder Asher Bohbot resigned as chair in the wake of graft allegations that struck its finances and tarnished its reputation.

The company, whose stock fetched about R170 before crashing to R8 after the revelations of dodgy public sector contracts emerged about three years ago, has introduced a raft of changes such as selling non-core assets and cutting debt after bringing in Stephen van Coller to spearhead the recovery efforts...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now