Browsing: Altron

Bill Venter steps down as Altron chairman

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Bill Venter will next week step down as chairman of Altron, the group he founded more than 50 years ago. He will be replaced by Mike Leeming, a retired banker who has been on the Altron board since 2002. Venter will assume a

Altron shake-up ends Venter control

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JSE-listed technology group Altron has announced arguably the biggest shake-up in its 51-year history, setting out plans to introduce a new strategic partner and to collapse its control structure. The news sent the share price soaring by more than

Altron to sell battery business for R300m

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The Venter family-controlled Altron group has made further progress in disposing of non-core assets, announcing on Tuesday the planned sale by subsidiary Powertech Industries of Powertech Battery Group to Trinitas Fund for R300m in cash

Altron turnaround takes shape

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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

Altron leaps higher on earnings update

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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

Altron set to return to profit

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Troubled technology and industrial group Altron said on Monday that it expects to return to profitability for the six months ended 31 August 2016 as a restructuring starts to bear early fruit. It said in a trading statement that it expects to report

Altron’s spectacular fall from grace

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At some point, JSE-listed Altron’s bombed out share price is going to look like a bargain. But it’s hard to know when that will be. The Venter-run family business last week announced a loss of R1,1bn for the year to February, drowning the previous