EOH Abantu has resolved an outstanding dispute with the taxman, a move that outgoing CEO Stephen van Coller said resolves the last-remaining “legacy issue” facing the JSE-listed IT services business.
Due to successful sales of non-core assets, the additional facility requirements are limited to R63-million To settle the tax debt, EOH has reached an agreement with its lender, Standard Bank, for a “temporary increase” in the group’s facilities to allow for payment to be made by 1 March.
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