Tweetdeck search not updating
EOH’s foray into Africa will accelerate through the increase of its in-country presence, partnerships, joint ventures and acquisitions.
According to Ellman Chanakira, Group CEO of TTCS: “EOH is a natural home for TTCS, spurred on by EOH’s passion for Africa and innovation, coupled with a collaborative and entrepreneurial culture, focused on creating jobs, building skills, as well as providing knowledge services across the continent.” EOH and TTCS will jointly take their strong IP and business solutions into Africa and provide proven African-developed solutions for the continent.EOH plans to continue to grow aggressively in all areas through the introduction of new lines of business, industry-specific solutions and new domains.Growth will be organic, complemented with strategic acquisitions.Founded in 1996 by Ellman Chanakira, TTCS has focused on implementing business solutions (as well as IT infrastructure) across Africa and the Middle East.It operates in both the private and public sector, including the social security, tax and revenue collecting agencies.Cash resources increased to R1 466 million, positioning EOH well for investments in new territories, products, services and industries.
EOH is certified as a large enterprise level two contributor, with a black shareholding of 36.3%.
* Profit after tax increased by 37.7% to R340 million (2014: R247 million).
* Headline earnings per share (HEPS) increased by 26.4% to R290.1 cents (2014: 229.6 cents).
EOH employs 9 000 people and operates from 134 locations in South Africa, 29 African countries and in the UK.
During the six months ended 31 January 2015, revenue increased by 39.4% to R4 610 million and profit after tax is up by 37.7% to R340 million.
The growth is attributable to strong organic growth complemented by recent acquisitions.