19 May 2021, Johannesburg: EOH notes the intention expressed by the Democratic Alliance (DA) to take legal action against implicated previous EOH management and related parties. EOH welcomes this move and that of any other interested parties who are willing to support the efforts by the new EOH board to right the wrongs of the past. This is in line with the well documented actions of the current board to transparently resolve the legacy corruption issues, including submissions to the Financial Intelligence Centre (FIC), the Special Investigating Unit (SIU), National Treasury, the Hawks and the Judicial Commission of Inquiry into Allegations of State Capture (the Commission). In addition, EOH has initiated its own legal proceedings against implicated parties.
The DA’s announcement to pursue legal action in this regard further legitimises the comprehensive steps that EOH’s new board has taken over the past two years to create the EOH of today, which is an ethical organisation built on best practice governance, risk and compliance principles.
EOH is proud to have been able to support the work of the Commission and our judicial system through the evidence presented by the EOH Group Chief Executive Officer, Stephen van Coller and EOH’s legal advisor Steven Powell – Head of ENSafrica’s Forensics Department.
EOH has come full circle in its commitment to rebuild the organisation and fully supports the Commission, the SIU and other relevant law enforcement agencies efforts to remediate past injustices.
If required, please quote Fatima Newman, Chief Risk Officer, EOH.
About EOH
EOH is one of the largest technology services companies in Africa and has a wide range of solutions in Industry Consulting, IT Services, Software, Industrial Technologies and Business Process Outsourcing. The Group continues to be an undisputed market leader in its core ICT businesses which operates principally under the iOCO brand name. The nature of this business is systemic to both the public and private sector and is an integral technology partner for a number of South Africa’s leading JSE-listed, blue-chip companies as well as key metros and government departments. It’s other business, NEXTEC collaborates with world-leading technology providers to design, implement and manage intelligent value-adding infrastructure and people solutions that make a positive and lasting impact.
The Group’s 7000 employees deliver services to over 5000 enterprise customers across all major industries throughout South Africa, Africa, Europe and the Middle East. As a proudly South African business, EOH is committed to sustainable transformation, making a positive, meaningful contribution to society, and is a Level 1 Broad-based Black Economic Empowerment (‘B-BBEE’) contributor.
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