Altron walked away from multiple deals before declaring a R500-million special dividend, according to CEO Werner Kapp.
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Netstar, FinTech and HealthTech now generate 95% of Altron profit as legacy IT services revenue keeps shrinking.
Warren Mande will replace Grant Fraser, who is emigrating to Australia after three-and-a-half years at Netstar.
Netstar is bringing its vehicle tracking and telematics expertise to professional golf through a new partnership with the Sunshine Tour.
JSE-listed technology group Altron has lifted its interim dividend by 20% even as it warns of a “tough trading environment” in IT services.
The leaders of these companies have the responsibility to navigate tough economic conditions and a rapidly changing technological landscape while attempting to maximise value for shareholders.
Altron expects its headline earnings per share to rise by as much as 75% for the year ended February 2025.
Altron has partnered with Jozi My Jozi to drive programmes focused on combating decay in Johannesburg.
Altron Group expects to report a more than 40% improvement in headline earnings per share from continuing operations.
Altron has reported a more than doubling in its operating profit in the six months to end-August.