Technology group Etion is selling its Lawtrust information security specialist subsidiary to Altron for R245-million as part of a programme to unlock shareholder value.
Just a few years back it was one of the hottest sectors on the JSE, with large companies like EOH, BCX and Altron being staples in many portfolios. No more.
Technology group Etion has reported a 108% slide in full-year headline earnings per share to a loss of 0.56c and has blamed the weak South African economy for the poor performance.
In this episode of the podcast, Duncan McLeod interviews Teddy Daka, CEO of JSE-listed Etion (formerly Ansys) about the technology group’s growth plans and its intention to move from the AltX to the main board