Reunert has delivered a robust earnings performance for the year ended 30 September 2015, despite a weak macroeconomic environment. Headline earnings per share (EPS) climbed by 16%, well ahead of revenue growth of 7%, it said on Monday. Headline EPS from continuing operations
Independent cellular service provider Altech Autopage is likely to be closed down as soon as February next year, with its million or so subscribers sold to the network operators for about R1,5bn
An investment in Adapt IT over the past three years or, even better, over five years would have paid off handsomely. The IT counter has proved to be by far the best performer among technology and
Vodacom, MTN and Cell C will pay Altron a combined amount of about R1,5bn to take over the subscriber base of Altech Autopage Cellular. Interestingly, Altron is receiving less than Reunert did when it concluded a similar deal with the operators to sell the subscribers
French telecommunications giant Orange will open its first physical store this Friday, in Claremont in Cape Town. The decision is based on the strong reception of the company’s online store, it said in a
Altron-owned cellular service provider Altech Autopage has moved to allay customer concerns about plans to sell the business’s subscriber base to South Africa’s mobile operators. In a statement on Thursday, Autopage MD Boyd Chislett said the company’s
Growth in operating profit from continuing operations, coupled with additional proceeds from the sale of Nashua Mobile subscribers and interest earned on the full proceeds, have underpinned Reunert’s results in the six months ended March 2015
JSE-listed technology group Altron is in advanced-stage discussions to sell the mobile subscribers of Altech Autopage. It’s a move that comes just a year after Nashua Mobile, owned by Reunert, concluded a similar transaction. Altron has been
French telecommunications giant Orange plans to launch its own-branded retail stores in South Africa before the end of the year and intends launching an Internet service provider business here, too. Until now, Orange has had a retail presence through Nashua Mobile outlets, but the future of this partnership was thrown into doubt earlier this year when
Altech Autopage, the independent cellular service provider in the Altron stable, plans to acquire 65 000 Cell C subscribers from rival Nashua Mobile for R91,5m (plus VAT). The deal comes just weeks after Nashua Mobile’s parent, Reunert, announced it was selling the company’s Vodacom and MTN subscribers to the two mobile network operators