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
Vodacom has bought set-top boxes from Altech’s Durban-based UEC subsidiary that are capable of delivering both fixed-line and wireless Internet protocol television (IPTV) services to consumers, apparently as part of an internal trial. Though Vodacom confirms it has bought two decoders for testing, company spokesman Nomsa Thusi says
Technology group Altech has reported a 27% decrease in adjusted headline earnings per share, from 529c to 388c, on poor performance from its operations in West Africa and continuing underperformance of its businesses in East Africa. The group eked out a 3,3% increase in revenues to just shy of R10bn
The supreme court of appeal has dismissed, with costs, applications from the Competition Commission and tracking company Tracetec against Altech Netstar in which they claimed Netstar engaged in anticompetitive behaviour. The original complaint was lodged in February 2005 and the alleged anticompetitive behaviour related to the period between
Profits at JSE-listed technology and telecommunications group Altech have fallen sharply in the six months to 31 August as a result, in large part, of pressure on its once high-flying operations in East Africa. Profit for the period was R137m, down from R232m a year
