New data released by Netstar, the vehicle tracking and recovery firm owned by JSE-listed Altron, has shows clearly the massive impact of last week’s riots on South Africa’s trucking industry.
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.
Data from vehicle tracking companies Netstar and Tracker shows the number of vehicles on South Africa’s roads plunged during the first few days of the national lockdown – as did vehicle theft and hijackings.
All new Toyota and Lexus vehicles sold in South Africa will be fitted with a device that provides telematics and a Wi-Fi hotspot to which up to 15 users will be able to connect.
Netstar, a subsidiary of JSE-listed Altron, said on Monday that it has signed a joint venture deal with C Ahead Technology to offer insurance and fleet telematics in India.