Browsing: Bytes Technology Group

Altron to report another big loss

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

Altech, Bytes move in with Altron

Troubled diversified technology group Altron has announced it will consolidate its head office, with subsidiaries Altech and Bytes – currently housed in a building in Woodmead, Johannesburg – moving to Altron’s head office in Parktown. The move will allow

Holden to replace Abraham at Bytes

Altron has named Andrew Holden as the successor to Rob Abraham at its subsidiary, Bytes Technology Group. The long-serving Abraham will step down as Bytes CEO on 29 February 2016, with Holden to step in as operations executive for information technology. In recent

Altron’s year of expensive lessons

JSE-listed technology group Altron will in future be a significantly smaller business focused on the IT and telecommunications industries as it sheds non-core assets and loss-making businesses, especially in the legacy power infrastructure side of its business. Robbie Venter has resolved

Bytes snaps up Inter-Active Technologies

Altron TMT subsidiary Bytes People Solutions, part of the Bytes Technology Group, has made an offer to acquire Inter-Active Technologies, a specialist customer interaction management business, for an undisclosed sum. The agreement has been signed, but the deal is still subject to the approval of the

Management shake-up at Altron, Altech

JSE-listed technology group Altron is creating a new technology, multimedia and IT (TMT) division to house subsidiaries Altech and Bytes. It will be headed by Altech CEO Craig Venter, with Bytes CEO Rob Abraham reporting to Venter. Previously, Abraham reported to

Bytes lands R400m Absa IT deal

Altron subsidiary Bytes Technology Group has landed an IT services contract with banking group Absa worth R400m. Bytes division Bytes Managed Solutions won the deal to provide services to Absa and parent Barclays across the territories in Africa where the financial services giant operates

Altech sets delisting date

After 38 years as a publicly traded company, Altech will terminate its listing on the JSE on 20 August, provided it gets the support of shareholders for the move, the technology group, which is controlled by Altron, said on Thursday. Last month, Altron announced that it intended to buy out minority

OneVault targets voice biometrics market

The next time you call your bank or your telecommunications provider, you may be asked to speak a few words so that software can determine whether you are, in fact, who you claim to be. A new South African technology company, OneVault, is hoping companies adopt remote, voice-based

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