Marialet Greeff, who was appointed as chief financial officer of EOH Holdings in February, has resigned.
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Sport, arts & culture minister Zizi Kodwa has announced his immediate resignation from the cabinet.
Following an approach from shareholders, EOH Holdings has made big changes to its board of directors.
EOH said on Friday that it has been approached by “certain shareholders” regarding a “succession plan for the board”.
EOH has reported its last set of results under its outgoing CEO, and they show a business under considerable pressure.
EOH has agreed to cough up R112-million with immediate effect, forcing the group to increase its borrowings.
Andrew Mthembu will hold the CEO reins at EOH on an interim basis until a replacement can be found for Stephen van Coller.
EOH Holdings has warned of tough trading conditions in a statement to shareholders.
EOH CEO Stephen van Coller will step down in March. By his own admission, the job was not what he expected it to be.
EOH CEO Stephen van Coller, who is credited with cleaning up a nest of corruption at the group, will step down in March.