Altron has won a long-running legal battle over the validity of a broadband tender for the City of Tshwane, with the constitutional court upholding a previous judgment of the supreme court of appeal.
Browsing: Mteto Nyati
Technology group Altron on Monday reported full-year headline earnings per share that fell 18% on revenue that was flat at R7.4-billion.
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.
Altron plans to sell its Altron Document Solutions, Arrow and People Solutions subsidiaries, which it has identified as non-core, CEO Mteto Nyati said on Wednesday.
Altron on Thursday successfully listed its former subsidiary Bytes Technology Group on the main board of the London Stock Exchange, with a secondary listing on the JSE.
Altron shares rallied more than 20% on Thursday after the technology services group reported solid interim results despite the Covid-19 pandemic and said it was proceeding with plans to list its Bytes UK business.
Altron Group CEO Mteto Nyati launched a withering critique of the ANC government on Twitter at the weekend, saying the ruling party has “passed its sell-by date”.
JSE-listed technology group Altron has cut its final dividend by 24% to 55c/share to preserve cash amid the economic upheaval created by the Covid-19 pandemic.