Browsing: Altech

News
Neotel hires new executives

Neotel has a new chief financial officer and a new chief sales and marketing officer following the acquisition of the company by Liquid Telecom in a R6,5bn deal. The company, which has been rebranded as Neotel Liquid Telecom, has

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Altron turnaround takes shape

The turnaround at long-troubled technology and manufacturing group Altron is picking up pace, with profit from continuing operations in the six months to end-August 2016 improving to R187m from R103m in the same six-month

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Altron leaps higher on earnings update

Altron’s share price leapt higher on Friday on news that the long-troubled JSE-listed technology and industrial group is set to report a swing to profitability in the six months to end-August 2016. Headline earnings per share for total

Duncan McLeod
ANC has left a rotten legacy in ICT

The publication this week of the deeply problematic national integrated ICT policy white paper is just the latest episode in 22 years of ANC policy making that has left a rotten legacy for the sector. The industry has made progress in the

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Venters to take a back seat at Altron

Robbie Venter, 56, is likely to step down as Altron’s CEO at the end of February, or soon thereafter, handing the reins to a non-family member for the first time in its storied, 51-year history. First, though, Venter – the son of Altron founder Bill

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Altron suspends dividend after R1,1bn loss

Troubled technology group Altron has reported a 75c normalised diluted headline loss per share for the 2016 financial year to 29 February, a sharp reversal from headline earnings per share in 2015 of 99c. In light of the poor numbers, and the need

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Craig Venter gambles on online comeback

Former Altech CEO Craig Venter, who quit the Altron group last year after 27 years working for the business started by his father Bill Venter, has lifted the lid on his new venture. The new company, ClickaBet, is a sports betting website that Venter

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