Browsing: Altron

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

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

Significant losses at Altech Multimedia and Powertech will contribute to a dismal set of full-year results at technology and industrial group Altron. The group cautioned shareholders on Friday afternoon that although its Altron TMT

After the publication of its annual report this week, the headlines focused on former chief executive Sifiso Dabengwa’s R23,7m “golden handshake” following his resignation in November amid the MTN Nigeria fine fallout. We also learnt that chairman

Altron is actively pursuing a sale of its set-top box manufacturing business, Altech UEC, TechCentral has established reliably from two well-placed sources. The group, which is disposing of noncore assets in a restructuring process that will see it focus on its

Troubled technology group Altron has signed a binding agreement to dispose of its long-held subsidiary Aberdare Group for R1,2bn in cash. Altron subsidiary Powertech, which owns Aberdare, has entered into binding agreements to sell Hengtong Optic

Technology group Altron expects to report a 90c/share headline loss in the year ended 29 February 2016, a deterioration from the loss of 3c/share reported a year ago, it warned shareholders after markets closed in Johannesburg on Monday. This compares to a headline

Cellular service provider Altech Autopage has pushed back its planned shutdown date, which was originally anticipated for the end of this month. On Friday, the Competition Tribunal approved the sale of Altech Autopage’s subscriber

Cellular service provider GloCell said on Monday that it has acquired Altech Autopage’s Cell C subscriber base for an undisclosed sum. It said the Competition Commission had approved the transaction. The deal comes as MTN and Vodacom