From JSE darling to diving share price: EOH’s annus horribilis

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From JSE darling to diving share price: EOH’s annus horribilis

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Published Date: 2017-07-20 | Source: Biznews PM | Author: Gareth van Zyl

From JSE darling to diving share price: EOH’s annus horribilis

IT company EOH for years experienced an almost unreal surge in its share price as the company went on an acquisition buying spree.

But those good times have come to a dramatic end in recent months with its share price having been hammered amid reports of alleged corruption.

This week, another report surfaced accusing EOH directors of being worse than the Guptas. The report appears largely based on an AmaBhungane story which accused EOH of peddling influence in a bid to try win a social grants contract.

EOH has hit back, dismissing the reports as baseless. Time will tell if these reports are baseless, but in the meantime, the good days are clearly over for EOH.



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