Streaming issues? Report here
Bongani Bingwa 702 Gradient Bongani Bingwa 702 Gradient
Breakfast with Bongani Bingwa
06:00 - 09:00
volume_up
volume_mute

Up Next: The Clement Manyathela Show
See full line-up
Breakfast with Bongani Bingwa
06:00 - 09:00
Home
arrow_forward
Business

Investigators find serious corruption at EOH

16 July 2019 8:18 PM
Tags:
Corruption
The Money Show
Microsoft
Bruce Whitfield
Defence Department
Department of Defence
EOH
eoh holdings
Stephen Van Coller

A probe found "suspicious transactions" worth R1.2bn, bribery and theft. Bruce Whitfield interviews EOH CEO Stephen Van Coller.

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:


16 July 2019 8:18 PM
Tags:
Corruption
The Money Show
Microsoft
Bruce Whitfield
Defence Department
Department of Defence
EOH
eoh holdings
Stephen Van Coller

Recommended

More from Business

wifi-internet-data-broadband-cell-phone-mobile-device-network-providers-123rf

Small Business Focus: How to get your marketing right in a shrinking media world

9 July 2020 8:38 PM

Pavlo Phitidis says focus must be on the customer group you are trying to reach. You've got to get your demographics right.

Share this:
Read More arrow_forward

broken-heart-broke-money-coins-finances-love-relationship-divorce-break-up-123rf

Personal Finance Feature: Julia - The super saver

9 July 2020 8:02 PM

Though leaving corporate to venture into tourism has been a big test of resilience, she is still happy with her decision.

Share this:
Read More arrow_forward

180710sactwu-strikejpg

SA is becoming a country of old people. Median age has risen from 23 to 27

9 July 2020 7:30 PM

Lumkile Mondi says skills and knowledge that have driven a lot of the growth in the past are going to be undermined.

Share this:
Read More arrow_forward

190430-joburg-soca-edjpg

City of Joburg tables R68.1bn budget for 2020/2021

9 July 2020 5:25 PM

This follows several delays which saw the Gauteng government throw the book at the city’s council threatening to place it under administration.

Share this:
Read More arrow_forward

Woman saving money piggy bank mask 123rf 123rfbusiness 123rflifestyle

Supersaver Julia has changed lives, and she can change yours! – Bruce Whitfield

9 July 2020 3:00 PM

Need the inspiration to save? The Money Show’s Bruce Whitfield interviews “Supersaver Julia” at around 7:15 pm tonight.

Share this:
Read More arrow_forward

200106-daniel-mminele-edjpg

Daniel Mminele on his shapeshifting career

8 July 2020 8:43 PM

Absa CEO Daniel Mminele says they had to transition very quickly within a very space of time into operating in a new normal.

Share this:
Read More arrow_forward

171227prieska-arrestjpg

Payment methods ... the good, the bad and the ugly

8 July 2020 8:14 PM

Wendy Knowler says it is expensive to issue or bank a cheque. For example, to deposit a cheque can cost well over R100.

Share this:
Read More arrow_forward

123rf A pile of two hundred rand notes, South African currency money

For the first time in SA there is a specific law on how banks treat customers

8 July 2020 7:42 PM

Caroline Da Silva of the FSCA says they will look into patterns of complaints to see how to change a bank's behaviour.

Share this:
Read More arrow_forward

Flag of Hong Kong

When business, technology and politics collide

8 July 2020 7:15 PM

The most recent example is China’s new security law introduced into Hong Kong.

Share this:
Read More arrow_forward

cafe-chameleonjpg

Guardrisk vs Café Chameleon: what it means for the rest of the industry

8 July 2020 7:09 PM

Lawyer PJ Veldhuizen says Judge Le Grange's judgment will be precedent-setting until it goes on appeal.

Share this:
Read More arrow_forward