Governance structures at EOH, once a darling of JSE stocks, had to be reviewed and strengthened after a business that EOH planned to buy was implicated in corruption, its chairman Sandile Zungu said on Friday. EOH was in the process of reversing the purchase, made in 2015, of Forensic Data Analysts, Grid Control Technologies and Investigative Software Solutions owned by Keith Keating and other shareholders. The deal was subject to profit warranties being met. But this week the home of Keating was raided by the Independent Police Investigative Directorate as part of an investigation into the irregularities in contracts that Forensic Data Analysts had with the State Information and Technology Agency (Sita) and the police.Zungu said the EOH board planned to meet early this week to discuss, among other things, the possible financial implications of EOH's decision to reverse its 2015 purchase of three businesses. Earlier this year EOH was implicated in a report by investigative journalis...
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