2002 marks the group’s 37th year of growth with revenues of R10 billion and a market capitalisation of R2.2 billion.
Xerox SA secures the exclusive sub saharan distributorship for Xerox products.
Altech sells its 40% stake in Alcatel Altech Telecoms for R335 million.
Powertech and Fintech are delisted and become wholly-owned subsidiaries of Altron.
Altech is ranked as one of the TOP 20 Companies listed on the JSE Securities Exchange by Financial Mail.
Altron’s 2001 export sales top R1 billion mark.
Aberdare Cables, a subsidiary of Powertech, enters into an equity partnership with Corning International Corporation, a world leader in optical fibre technology.
Another rural school, built by The Bill Venter Foundation, is officially dedicated by former President Nelson Mandela at a ceremony in Elliotdale, in the Eastern Cape.
Powertech’s shareholding of 30% in Voltex distribution is sold for R130 million to Bidvest.