JSE-listed technology services group EOH has set itself a November deadline to conclude a graft probe into the company by the Special Investigating Unit (SIU).
EOH made the announcement on Friday in a business update to shareholders.
In August last year, the SUI launched an investigation into tenders worth R470 million issued to the company by the Department of Water and Sanitation.
The investigation focuses on the procurement, contracting and implementation of four IT contracts awarded by the department to the technology group and its subsidiaries.
The probe by the state came on the back of increased efforts by the Stephen van Coller-led management’s efforts to rehabilitate the company, which for years had been linked to impropriety.
“We have made significant progress with the SIU and should have a legal basis agreed and concluded by the end of November 2022 with the SIU,” says EOH.
It explains the additional provision made on
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