Autopage Holdings is delisted and Ventron is unbundled.
Altron’s shareholding in Telemetrix is sold as the group focuses on core assets.
Powertech acquires Battery Technologies.
Black Economic Empowerment company, Kwezi Investments Limited, acquires 10% of Aberdare Cables.
Powertech is rated by Forbes magazine as one of the top 300 smaller companies in the world.
UEC Technologies develops world-leading digital decoder technology which becomes a household name in SA, Italy, Holland, Cyprus, Greece and the Gulf States.
Altech enters the smart card field through Altech Smart Card Technologies.
The group increases its stake to over 50% in subsidiary, USKO through a R228.4 million rights issue.
Altech, through Alcatel Altech Telecoms, secures the largest ever (R1.2 billion) telecom munications contract placed by Telkom for DECT (digital enhanced cordless telephony) systems.