Norbert Claussen, CEO of Altron subsidiary Powertech, has resigned from his position at the company. He has also stepped down as a director of the Altron board. His departure is effective from 30 June. Claussen joined the Altron group in 1996 as CEO of Willard Batteries. The division expanded to become
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Jeffrey Hedberg’s short-lived tenure as chief operating officer of Altech and CEO Craig Venter’s very public reaction to his resignation appear to reflect deep underlying tensions in the Venter family empire. Can Altron founder Bill Venter, now 77, hold the family-run
Altron subsidiary Bytes Technology Group is acquiring Unisys Africa, which is owned by Unisys of the US and local black empowerment company CyberKnowledge Systems Investments. The deal remains subject to competition authority approval in SA, Botswana and Namibia
Absa Bank has begun overhauling its extensive automated teller machine (ATM) network — there more than 6 000 of them in the field — adding a new user interface and new self-service features such as the ability to pay certain bills that have special barcodes. It has awarded a giant contract
Altron remains determined to buy out minority shareholders in subsidiary Altech and delist it from the JSE, despite a previous attempt at a deal being rejected by minority shareholders in Altech. Altron made an offer to minorities in 2007 to buy out
David Redshaw, the IT industry stalwart and long-time friend and confidante of Altron founder Bill Venter and his family, has passed away, aged 69. Redshaw, who worked for Altron companies in senior executive roles for 22 years, including as founding
Document management specialist Xerox has signed another 10-year exclusive distribution partnership with Bytes Document Solutions (BDS), a subsidiary of Altron’s Bytes Technology Group
Listed technology companies Altech and Altron, its parent, have warned shareholders that market conditions are not improving as quickly as they had hoped and this could undermine earnings. For its part, Altech, which owns
Altron has been hit by the lagging performance of its traditionally strongest subsidiary, Altech. The group released its interim results for the six months ended 31 August 2010, reporting a 3% dip in revenue from R12,1bn to R11,7bn. However, the group marginally boosted profit
Altron’s sales and profits have tumbled in the financial year to February 2010, driven lower by poor performance by its…