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Browsing: Altron
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.
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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.
South African Sigfox Internet of things operator SqwidNet has signed three major deals to roll out the technology in consumer and business applications.
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%.
Altron subsidiary Netstar has partnered with Dark Fibre Africa’s Internet of things business SqwidNet to roll IoT solutions in South Africa.
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.
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.
Altron has taken another big step in shedding its legacy industrial assets as the JSE-listed technology group transforms into an ICT-focused business.