Browsing: Bytes

News
Rob Abraham to lead Kagiso Media

Rob Abraham, former CEO of Altron IT subsidiary Bytes, the company from which he retired two years ago after 17 years of employment, has been appointed as interim CEO of black-owned media group Kagiso Media

News
Weak pound knocks Altron earnings

Altron has reported a 13% decline in headline earnings per share from continuing operations, to 47c, on revenue that fell 10% to R6.8bn. Bytes UK was a standout performer. The technology group said

In-depth
Altron’s spectacular fall from grace

At some point, JSE-listed Altron’s bombed out share price is going to look like a bargain. But it’s hard to know when that will be. The Venter-run family business last week announced a loss of R1,1bn for the year to February, drowning the previous

News
Venters to take a back seat at Altron

Robbie Venter, 56, is likely to step down as Altron’s CEO at the end of February, or soon thereafter, handing the reins to a non-family member for the first time in its storied, 51-year history. First, though, Venter – the son of Altron founder Bill

News
Altron suspends dividend after R1,1bn loss

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

News
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

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