The company, which is recovering from a major corruption scandal related to government contracts under previous management, makes 10% of revenues from its businesses outside SA, while 90% is generated locally.
But EOH has set its focus on growing its operations in Egypt, with plans to use that footprint to expand into the Middle East. It is also eyeing further expansion in the UK and other European countries through its existing offerings and new suite of software services for the medical aid and insurance industries, among others.
He said the company was not looking at huge deals but rather at acquisitions that would strengthen existing businesses. EOH’s operating profit swung from a R1.3bn loss in their 2020 financial year to a R147m profit in the year to July 2021. Under Van Collar, the company has spent about three years cleaning up the business by selling companies, paying off debts and making the company profitable.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.N. says C. African Republic soldiers wounded 10 Egyptian peacekeepersThe United Nations mission in Central African Republic on Tuesday accused the country's presidential guard of opening fire on unarmed Egyptian peacekeepers and wounding 10 of them.
Read more »
Public Protector investigating the ‘Thembisa 10’ babies sagaPublic protector Busisiwe Mkhwebane is investigating the “Thembisa 10” babies saga, with the complainant being the father of the alleged babies.
Read more »
Is offshore exposure from the local market enough?Global investing offers South Africans unique and compelling benefits – the most fundamental of which spread your overall investment risk.
Read more »
Lufthansa flies back into first profit since pandemic beganGerman national carrier Lufthansa said that it was back in the black in the third quarter of this year.
Read more »
CSIR projects big losses for ANC and DACoalitions look likely in Gauteng’s metros of Johannesburg, Tshwane and Ekurhuleni
Read more »