Former Altech CEO and Altron TMT group executive Craig Venter was given a R15m “separation payment” when he left the technology group last year, despite poor performance by several of
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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
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
BMW South Africa has taken the wraps off a set of Internet-connected services built into the company’s vehicles that provide a range of value-added services. At the heart of the technology is an embedded Vodafone Sim card, with global roaming enabled, and which is used for data services. ConnectedDrive will be embedded
Altron appears to be firing on all cylinders. The technology group, which owns Altech, Bytes and Powertech, has reported a 49% improvement in normalised headline earnings per share on the back of a 12% improvement in revenue. It has hiked its dividend to 80c/share, from 60c in 2013. The strong performance was underpinned
Usage-based insurance telematics, where insurance companies are able to determine everything from a customer’s driving habits to who really was responsible for an accident, will be the next big growth engine for the stolen vehicle tracking and recovery industry. That’s the view of Altech
Altron and its subsidiary Altech are still engaged in talks, the outcome of which could have a material effect on the share prices of the two JSE-listed groups. Though neither has said what the discussions are about, it’s widely speculated that Altron is preparing to make an offer to minority shareholders in Altech
Telecommunications regulator, the Independent Communications Authority of South Africa (Icasa), has been dragged to court for not disclosing the status of a service provider accused of operating without a licence. Having been sent
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
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