Investigators find serious corruption at EOH

I gave them [investigators] unfettered access…

Stephen Van Coller, CEO - EOH

I know exactly what happened… and exactly who needs to pay money back…

Stephen Van Coller, CEO - EOH

A probe by independent investigators into EOH’s dealings with Government has found “suspicious transactions” worth R1.2 billion and evidence of “a number of governance failings and wrongdoings”, “unethical business practices”, bribery and theft.

Earlier in the year, Microsoft stopped doing business with EOH after receiving a tip-off about a contract the SA business had with the Department of Defence.

The Money Show’s Bruce Whitfield interviewed Stephen Van Coller, CEO at EOH.

Listen to the interview in the audio below (and scroll down for more quotes from it).

This happened on their watch. We needed a new board to take it forward…

Stephen Van Coller, CEO - EOH

…ENS recommended to the board that certain people be prosecuted. And the board unanimously agreed to that… zero tolerance for bribery and corruption...

Stephen Van Coller, CEO - EOH

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
3 best JSE and offshore shares to buy, right now (by Anchor Capital)

3 best JSE and offshore shares to buy, right now (by Anchor Capital)

The Money Show’s Bruce Whitfield asks Henry Biddlecombe (an analyst at Anchor Capital) for his stock picks of the week.

I haven’t saved. I intend to work well into my 100s - Leon Louw (FMF)

I haven’t saved. I intend to work well into my 100s - Leon Louw (FMF)

Bruce Whitfield talks to Leon Louw (Free Market Foundation) about his attitude toward money (hopes, fears, successes, failures...)

Capitec Bank has the strongest brand of any company in South Africa

Capitec Bank has the strongest brand of any company in South Africa

Castle Lager came in second, followed by FNB, Black Label, Discovery and Vodacom, according to the 2019 Brand Finance report.

Advisor scams pensioners out of R100 million with promises of 14% returns

Advisor scams pensioners out of R100 million with promises of 14% returns

Bruce Whitfield interviews Phillip de Wet (Business Insider), Robert Walton (Boutique Collective Investments) and Brandon Topham.

Still young(ish)? Entry-level jobs available on Lulaway’s employment platform

Still young(ish)? Entry-level jobs available on Lulaway’s employment platform

Lulaway has placed 30 000 young South Africans in jobs since 2011. Bruce Whitfield interviews its CEO, Jake Willis.

Africa is doomed (and turbulent). Africa’s future is bright (it's stabilising)

Africa is doomed (and turbulent). Africa’s future is bright (it's stabilising)

Africa is failing. Africa is succeeding. Both statements are true, according to a new book on Africa's changing fortunes.

Popular articles
COVID-19 cases now 1,280, second death in South Africa confirmed

COVID-19 cases now 1,280, second death in South Africa confirmed

The Department of Health has announced an increase of 93 from Saturday's reported cases.

Standard Bank extends payment break to personal accounts for low-income earners

Standard Bank extends payment break to personal accounts for low-income earners

The bank is extending its debt repayment holiday to personal account holders to help them through the Covid-19 crisis.

Is it even possible to lock down townships and informal settlements, asks Prof

Is it even possible to lock down townships and informal settlements, asks Prof

Professor Alex Broadbent (UJ) on his argument that a one-size-fits-all approach to Covid-19 could have lethal consequences.

WATCH: 'Wellmeaning racist' hygiene lesson for workers causes outrage on Twitter

WATCH: 'Wellmeaning racist' hygiene lesson for workers causes outrage on Twitter

A video posted by Lesego Tlhabi (aka Coconut Kelz) shows a woman instructing the group how to wash their hands for 20 seconds.

[LISTEN] Beat the lockdown blues with Zolani's live Instagram gigs (and collab!)

[LISTEN] Beat the lockdown blues with Zolani's live Instagram gigs (and collab!)

Six days a week at 6 pm Zolani Mahola provides 'a space of peace and connection with people all over the world'.

Relationship advice for couples together 24/7 during lockdown

Relationship advice for couples together 24/7 during lockdown

Counsellor Paula Quinsee says SA's lockdown is going to place more pressure on couples already in a rocky relationship.

COVID-19 cases in South Africa reach 1,187

COVID-19 cases in South Africa reach 1,187

The department said the numbers did not indicate a reduction in the number of infections.

[VIDEO] Motsepe family and associates pledge R1bn for fight against Covid-19

[VIDEO] Motsepe family and associates pledge R1bn for fight against Covid-19

The Motsepe family announced details of the donation on Saturday. Several hundred million rand will be available 'immediately'.

Lockdown Blues: How to create fun for your kids using basic home supplies

Lockdown Blues: How to create fun for your kids using basic home supplies

Parenting expert Nikki Bush kicks off a four-part series on becoming a hero to your children during the Covid-19 lockdown.

'CT needs neighbourhood watches authorised to help enforce lockdown compliance'

'CT needs neighbourhood watches authorised to help enforce lockdown compliance'

JP Smith says Capetonians were largely cooperative on Day One of lockdown, but there were pockets of 'massive' non-compliance.