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
'The comedy of errors shows Mkhwebane serving Absa a subpoena intended for FNB'

'The comedy of errors shows Mkhwebane serving Absa a subpoena intended for FNB'

Mail & Guardian investigative editor Thanduxolo Jika unpacks the Public Protector's legal battles.

SA announces visa waivers for four counties

SA announces visa waivers for four counties

Home Affairs Minister Aaron Motsoaledi says Qatar has also relaxed entry requirements for SA citizens.

Mkhwebane 'disappointed' over latest legal loss related to Estina report

Mkhwebane 'disappointed' over latest legal loss related to Estina report

The High Court has ordered that the Public Protector personally pay some of the legal costs for the DA and Casac.

 Motshekga to implement 'consequence management' at catastrophic schools

Motshekga to implement 'consequence management' at catastrophic schools

Basic Education Minister Angie Motshekga has called South Africa's education system a "national catastrophe" and a "crisis".