Altron earnings to rise
Altron said on Wednesday that it expects interim headline earnings per share for the six months ended 31 August 2017 to be between 16% and 36% higher as a turnaround at the JSE-listed The post Altron...
View ArticleWeak pound knocks Altron earnings
Altron has reported a 13% decline in headline earnings per share from continuing operations, to 47c, on revenue that fell 10% to R6.8bn. Bytes UK was a standout performer. The technology group said The...
View ArticleOnce a JSE darling, Altron fights for a comeback
Once upon a time, Altron was voted one of the top 20 companies on the JSE. The share price climbed to R50 and the market capitalisation to R14bn as revenues reached the same levels and exports and...
View ArticleAltron sells legacy transformers business for R250m
Altron said on Wednesday that it has reached an agreement to sell its 80% stake in Powertech Transformers, one of its legacy businesses, for R250m. The stake is being acquired by a consortium made The...
View ArticleAltron to resume dividend payments, pursue acquisitions
On the back of a strong set of financial results for the year ended 28 February 2018, technology group Altron has said it plans to resume dividend payments from its next set of interim results, due...
View ArticleMeet the CEO: Altron’s Mteto Nyati
Meet the CEO is a weekly feature on TechCentral. The aim is to introduce our readers to the people behind the news by providing insights into the leaders shaping South Africa’s ICT industry. Our ninth...
View ArticleAltron buys iS Partners for R225m
JSE-listed technology group Altron has acquired Microsoft partner iS Partners in a deal worth R225m. The acquisition is subject to Competition Commission approval. Altron CEO Mteto Nyati said the deal...
View ArticleNyati paid R6.5-million sign-on bonus at Altron
Luring former MTN South Africa CEO Mteto Nyati to take over as CEO of Altron from Robbie Venter didn't come cheap. Nyati was paid a R6.5-million sign-on bonus, the JSE-listed technology group's annual...
View ArticleAltron concludes sale of Powertech Transformers
Altron has taken another big step in shedding its legacy industrial assets as the JSE-listed technology group transforms into an ICT-focused business.
View ArticleBill Venter steps down from Altron board
Bill Venter has stepped down from the board of directors of the company he founded 53 years ago. He will step down as nonexecutive director effective 31 July 2018.
View ArticleAltron overhauls its brand for second time in five years
For the second time in less than five years, Altron has launched a major refresh of its brand identity. It last did this in early 2014.
View ArticleAltron to report surge in earnings
Altron’s turnaround under CEO Mteto Nyati is gathering a head of steam. The JSE-listed technology group expects interim headline earnings from continuing operations to surge by as much as 52%.
View ArticleAltron’s Netstar eyes vast Indian market in new JV
Netstar, a subsidiary of JSE-listed Altron, said on Monday that it has signed a joint venture deal with C Ahead Technology to offer insurance and fleet telematics in India.
View ArticleAltron resumes dividend payments, shares climb
Altron has resumed dividend payments to shareholders, sending the group’s shares higher on the JSE on Thursday. It’s the first time it has paid a dividend since 2016.
View ArticleFormer Didata CEO named to Altron board
Former Dimension Data Group CEO Brett Dawson will join the board of Altron as a nonexecutive director effective from 1 June 2017, the JSE-listed technology group said on Tuesday
View ArticleMTN poaches communications chief from Telkom
Mobile operator MTN South Africa has poached Telkom's top communications executive. Jacqui O'Sullivan has resigned from the partially state-owned telecommunications provider, where she has served as...
View ArticleAltron to sell Crabtree to Siemens
JSE-listed technology group Altron said on Monday before markets opened that it plans to dispose of its subsidiary Crabtree Electrical Accessories to Germany's Siemens for an undisclosed sum. The deal,...
View ArticleAltron’s Netstar expands in Australia
Altech Netstar, a subsidiary of JSE-listed technology group Altron, has acquired 100% of Australian fleet management business Fleet Logistics for an undisclosed sum. Fleet Logistics, which trades as...
View ArticleJSE’s best and worst performing tech stocks
Two former high-flying IT services companies have been the laggards on the JSE in 2017 so far. EOH and Adapt IT have underperformed all other IT stocks, falling by 33.9% and 42.4% respectively to...
View ArticleAltron SA’s best performing tech share in 2018
Altron's continued turnaround, under the leadership of CEO Mteto Nyati, delivered the best performance among technology shares listed on the JSE in 2018, TechCentral's annual review of the sector shows.
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