With 12 625 employees, Altron revenues in 2000 exceed R7 billion and market capitalisation reaches R1.9 billion.
Powertech acquires Cables de Comunicaciones SL, a leading Spanish telecom- munications cable manufacturer.
Two leading healthcare IT companies, PQ Africa’s QEDI and Bytes’ MediSwitch in the medical claims forwarding industry, merge to form an internet healthcare and e-commerce partnership in the form of Digital Healthcare Solutions.
USKO is re-branded as Bytes Technology Group Limited (Bytes) and the IT interests of Fintech are purchased by BTG to consolidate the group’s IT under Bytes.
The Altron Chairman and Chief Executive Officer positions (both previously held by Dr Venter) are split. Robert Venter is appointed Chief Executive of Altron,
with Dr Venter retaining the Chairmanship of the group.
The Altron Executive Committee is formed with key strategy to simplify group structure, divest non-core operations and focus on core business implemented.