A week ago the market deemed EOH to be worth only about a half of its net asset value, but that gap has narrowed significantly since the technology services group said it would sell part of its business to reduce debt. Shares in EOH rallied more than 70% since Tuesday when it announced plans to raise R1bn by disposing of noncore assets within the next three months to a year. The company, which has sprawled into Africa's largest technology services group over the past decade, has been plagued by governance concerns, notably US software giant Microsoft ending a licensing deal with one of EOH's subsidiaries following graft allegations. PODCAST | Consumers are fed up with Telcos Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm Former banker Stephen van Coller took the reins as CEO last year and has since embarked on a restructuring of the business."The announcement that they will be disposing of assets is a clear signal that [Van] Coller is trying to close the ga...
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