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
Browsing: Craig Venter
Altech’s share price fell by more than 4% in late afternoon trading on Wednesday after it turned in a huge loss for the financial year ended 28 February. The JSE-listed technology group, which has had a torrid time in recent years because of the poor performance of its operations outside South Africa, turned
JSE-listed technology group Altech is selling its troubled East African businesses in a complex deal which will see fibre-optic telecommunications specialist Liquid Telecom taking over the assets. As part of the transaction, Altech will take an 8,6% stake in Liquid, which operates
Ten months after former Telkom acting group CEO Jeffrey Hedberg stepped down as chief operating officer, JSE-listed technology group Altech has appointed a new chief operating officer. Laurence Savage, who has experience in the media, electronics, engineering and automotive
The stretch of land around the confluence of the M1, N1 and N3 highways at Buccleuch, north of Johannesburg, is turning into something of a corporate information and communications technology hub. Just months after mobile operator Cell C
Altech’s headline earnings per share in the six months ended 31 August 2012 have fallen by 19% over the same period in 2011 as the result of continued poor performance by its businesses in East and West Africa. Due to write-downs in goodwill and the carrying value of those operations
JSE-listed technology group Altech has entered into a formal business relationship with China’s Huawei. Under the “value-added partner” agreement, Altech will provide Huawei Enterprise products, services and support in countries across Southern and East
A analysis of the annual reports of SA’s top technology companies – those with a market capitalisation above R1bn – show that Datatec CEO Jens Montanana is the highest paid CEO, at least among companies listed on the JSE. Montanana pipped MTN Group CEO Sifiso Dabengwa to the post, earning nearly US$3m in salary
The constitutional court has dismissed an application for leave to appeal lodged by the Competition Commission and Tracetec against vehicle tracking companies Altech Netstar, Matrix Vehicle Tracking and Tracker. The applicants have been ordered to pay costs. In 2005, Tracetec lodged a complaint
Events of the past week have shown that it’s become more urgent than ever that government sell its stake in Telkom . If it continues as a significant shareholder, it risks further undermining one of SA’s most important companies and inflicting long-term damage on SA’s economy. The opportune