Motsepe's African Rainbow dumps struggling EOH | IOL Business Report

JOHANNESBURG – Troubled technology company EOH suffered further losses yesterday after business magnate Patrice Motsepe’s listed investment vehicle African Rainbow Capital flagged that it would dump its stake in the company. ARC said that its investment in EOH would be disposed of at an appropriate time.

“No time frame of when we plan to dispose of our shareholding in EOH has been communicated to the market, only our intention to do so has been communicated.” GemCap is an ARC subsidiary that makes equity investments in private and public companies domiciled in South Africa.Terblanche used to be EOH acquisition specialist while Van Jaarsveld ran its business process outsourcing division.However, the company has become one of the worst performers on the JSE, slashing 48.25percent of its market cap in the year to date as it battled allegations of corruption and other underhanded dealings.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Transformation will accelerate diversity and growth in the PR industryThe PR Institute of Southern Africa and the Zambia Public Relations Association have reopened collaboration talks aimed at expanding their impact on the SADC region. This will accelerate diversity and growth in the PR industry, writes Malesela Maubane
Source: City_Press - 🏆 7. / 72 Read more »

Passenger jet pilot arrested in South Africa over 'fake licence' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A pilot who worked for South African Airways for more than 20 years was arrested on Monday, police said, over allegations he flew large passenger jets without an advanced commercial flying licence. It’s fait a compli now , he was supposed to have been arrested during the time when he was still operating! They should arrest the additional 3 which was found with no licenses. Why it took so long discover that, something fishy is happening here.
Source: SABC News Online - 🏆 32. / 51 Read more »