Proceeds of R374m from sale of Information Services unit were used to pay down a loan facility repayable in 2023
EOH has lowered its borrowings to less than R1.4bn after a recent sale of certain business units as the group continues its march to reduce debt. The company has hinted at new capital-raising plans in the coming weeks as part of the effort.
In a note to investors on Friday, the technology group said its deleveraging strategy progressed with the disposal of its Information Services unit in June. Net proceeds of R374m from the sale were used to pay down a loan facility that is repayable in April 2023...
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EOH cuts loans to less than R1.4bn after sale in quest to lower debtProceeds of R374m from sale of Information Services unit were used to pay down a loan facility repayable in 2023
Read more »
Petrol price to be slashed by over R1 per litre on Wednesday | Fin24JUST IN | Fuel prices will see a large drop on Wednesday, thanks in part to a drop in the oil price. | Fin24
Read more »
You’ve saved R1 million for your retirement – here’s what that looks like in real termsIf you want an income that lasts in retirement, don’t eat the marshmallow. What does this mean? It means being able to say no to an unnecessary purchase today on behalf of a greater prize – financial certainty and dignity when you retire, says Twané Wessels, an actuary at financial services group Just SA.
Read more »
EOH cuts loans to less than R1.4bn after sale in quest to lower debtProceeds of R374m from sale of Information Services unit were used to pay down a loan facility repayable in 2023
Read more »
Zambia to cancel over $2 bln in loans to address debt woesZambia has engaged lenders to facilitate the formal cancellation of over $2 billion in undisbursed loans as part of measures to address its debt challenges, the ministry of finance said on Friday.
Read more »
Zambia’s creditors including China give assurances to unlock $1.4bn IMF supportIMF MD Kristalina Georgieva welcomes pledge by creditor committee as ‘clearing the way’ for debt relief programme
Read more »