iOCO co-CEO Rhys Summerton. (Photograph supplied) iOCO, formerly known as EOH, has continued to return capital to shareholders after repurchasing a further 2.34 million shares in the open market. In a notice to shareholders, the JSE-listed IT services group said it repurchased 2 344 669 ordinary shares between 29 November 2025 and 31 December 2025. …
JSE-listed technology group iOCO is stepping up its share repurchase programme, acquiring a further 2.34 million ordinary shares between 29 November and 31 December 2025, at prices between R3.98 and R4/share. The total value of the latest buybacks was R9.4-million, excluding transaction costs. The repurchased shares are being held as treasury shares. Since the programme…
Ezanne Grobler, Head of Quality Assurance competency, iOCO. iOCO has launched one of the first locally developed ISTQB-aligned AI testing e-learning courses in South Africa, to upskill quality assurance testers on the latest best practices in AI systems testing. Designed by iOCO subject matter expert Aysha Sassman, the course is aligned with the International Software…
iOCO has appointed Lerato Pule to its board of directors. iOCO, formerly known as EOH, has announced that Lerato Pule will join its board of directors, effective 4 December. The IT solutions company says Pule will serve as an independent non-executive director, a member of the audit and risk committee, and chairperson of the social…
iOCO co-CEO Rhys Summerton. (Photograph supplied) Listed technology company iOCO is reducing its debt over time, having substantially trimmed its bank loans before pursuing acquisitions, with three potential deals already identified. For the first time in three years, iOCO reported strong operating cash flows with focused resource and capital allocation, while also reducing short- and…
Former EOH CEO Asher Bohbot was one of several executives sued by the company JSE-listed IT services group iOCO – previously EOH Holdings – is pursuing out-of-court settlements with former senior executives who it sued over alleged governance failures, especially involving public sector contracts. This is according to iOCO co-CEO Rhys Summerton, who told TechCentral…
Ioco Limited has reported a return to profitability for the financial year ended 31 July 2025, marking a decisive turnaround after three years of losses. The technology group credited its improved performance to an operational reset, disciplined execution, and a more focused business structure. Group CFO Ashona Kooblall For the first time, Ioco generated enough…
iOCO co-CEO Rhys Summerton. (Photograph supplied) Listed technology solutions company iOCO has swung to profit after last year’s loss, reporting that both earnings and headline earnings per share have moved into the black for the year to July. However, the market showed little reaction to the news, with shares flat this morning. In its full-year…
The turnaround at iOCO – the JSE-listed technology services company previously known as EOH Holdings – continues, with the group now even considering acquisitions to help fuel growth in the years ahead. iOCO reported headline earnings per share of 40c in the 2025 financial year, which ended in July 2025, an improvement from the loss…
iOCO co-CEOs Rhys Summerton, left, and Dennis Venter A turnaround at IT services group iOCO – previously EOH Holdings – is gathering pace. The group said on Tuesday in a trading update to investors that it expects to swing to positive headline earnings per share for the year ended 31 July 2025 when it reports…
