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EOH of South Africa Plans Further 1 Billion Rand in Asset Sales

  • Tech firm has raised 750 million rand in disposals to cut debt
  • CEO says new agreement with banks should help spur growth

EOH Holdings Ltd. plans to sell a further 1 billion rand ($68 million) of non-core businesses in 2020 as it reorganizes and reduces debt.

EOH will structure operations into three units and sell assets that don’t fit with the revised set up, the Johannesburg-based company’s chief executive officer, Stephen van Coller, said by phone. The firm has already sold 15 assets generating about 750 million rand, he said.