Wrap Text
Voluntary Announcement of EOH’s Expansion Into Africa
EOH HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/014669/06)
Share code: EOH ISIN: ZAE000071072
(“EOH”)
VOLUNTARY ANNOUNCEMENT OF EOH’S EXPANSION IN AFRICA
EOH expands its African footprint.
EOH has announced that it is acquiring an equity stake of between 49% and 80% (depending on the
country) of Twenty Third Century Systems (“TTCS”) and its subsidiaries, for an undisclosed amount.
TTCS is an award-winning Pan-African IT applications and business solutions provider. 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. It has implemented solutions in a number of large mining and
manufacturing enterprises and has developed proprietary solutions for key Government departments and
agencies.
“TTCS will significantly augment our Pan-African growth plans and support EOH’s purpose of providing
technology, knowledge, skills and organisational ability, critical to Africa’s development and growth,” says
EOH Group CEO, Asher Bohbot.
TTCS brings to the EOH Group a complement of over 400 diverse, highly-skilled IT experts in finance,
logistics, human capital management, analytics, mobility, cloud and database technologies and provides
solutions across the spectrum. Its operations are underpinned by timely and effective systems integration,
product delivery, maintenance and support.
TTCS has a presence across the African continent with offices in Zimbabwe, Zambia, Malawi, Kenya,
Uganda, Rwanda, Botswana and Nigeria and projects in several other countries including Ghana, Namibia,
Tanzania and Cameroon.
TTCS has an unrivalled track record of delivering complex IT solutions across a broad range of large Public
and Private Sector organisations and enterprises in Africa. TTCS has received numerous awards and
accolades from Global Enterprise Solution providers for the quality and content of the solutions it delivers.
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. “The joining of these two successful businesses is exciting
and provides a perfect platform for our African Growth strategy that will accelerate in the years ahead”,
concludes Bohbot.
Due to its relative size, the acquisition falls below the threshold of a categorised transaction in terms of the
Listings Requirements of the JSE Limited and its announcement is therefore voluntary.
About EOH
EOH is one of the largest technology and knowledge services provider in South Africa and provides the
technology, knowledge, skills and organisational ability critical to Africa’s development and growth. EOH’s
9 000 staff members deliver end-to-end enterprise applications solutions, a wide range of Outsourcing,
Cloud, Managed Services and Business service offerings to customers across all major industries.
EOH has been listed on the JSE Limited (“JSE”) since 1998, for more information visit: www.eoh.co.za
Johannesburg
4 June 2015
Sponsor
Merchantec Capital
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