Browsing: Altron

Altron and its subsidiary Altech are still engaged in talks, the outcome of which could have a material effect on the share prices of the two JSE-listed groups. Though neither has said what the discussions are about, it’s widely speculated that Altron is preparing to make an offer to minority shareholders in Altech

Craig Venter, the CEO of JSE-listed technology group Altech, which recently reported an operating loss of R1,2bn in the year to February 2013, has elected to forgo his bonus for the 2012/2013 financial year. The losses come on the back of poor performances

Altech will not give up on the idea of pursuing international acquisitions, despite the financial disaster it that has unfolded for it in East and West Africa in recent years. However, the JSE-listed technology group will take a breather before pursuing new deals, says CEO

Altron and subsidiary Altech both cautioned their shareholders within moments of one another on Friday that they were in talks that could have an impact on the share prices of the two companies. The move has ignited speculation that Altron could have another go at delisting Altech, which

Despite good revenue growth of 11% in the six months ended 31 August 2012, JSE-listed Altron’s profits have been pummelled due to margin pressure and writedowns at subsidiary Altech. For the period, Altron reported operating profit before capital items of R586m, from R627m previously. However, the problems at Altech

JSE-listed technology group Altech has again been hit by poor performance at its East and West Africa operations, and has warned that as a result of impairments in these businesses it expects headline and adjusted headline earnings per share for the six months ended 31 August 2012 to be between 18% and 25% lower than a year

Altron subsidiary Bytes Technology Group has acquired Alliance Business Solutions, an Oracle software specialist, for an undisclosed sum. The acquisition has been done through Bytes Systems Integration. The rationale for the deal

Altron Group has appointed Neil Kayton as the new CEO of its Powertech subsidiary following the resignation of Norbet Claussen from the position this month. Kayton was Powertech’s chief financial officer. The appointment is effective from 1 July. Kayton, a chartered accountant, joined

At 7ft tall, Mayan Mathen is easy to spot in a crowd. It also means strangers find him a bit of a novelty and he says he’s often asked to be in pictures with tourists, rather than take pictures of them, when he’s travelling. Mathen does a great deal of travel in his role as chief technology officer

Former Cell C CEO, US national Jeffrey Hedberg, intends to stay in SA and to remain actively involved in the information and communications technology industry. Speaking to TechCentral on Wednesday, Hedberg says he has not made any decisions about his future career plans, adding that he’s taking time to