2017 was our first year of operating within our rationalised company structure. While we still hold some of our non-core operations, those so categorised are classified as held for sale. This does not mean that those entities are no longer operational; rather that they no longer form part of our core business operations.
Altron TMT, into which our core businesses were grouped last year, is organised into three business divisions: telecommunications, multimedia and electronics, and information technology. Each Altech and Bytes company falls under these units within a group of similar and complementary companies and/or product and services offering.
We believe that it is in these areas that the future of Altron lies as we work to refocus and reposition the group as a technology powerhouse. Collectively, these divisions and their respective businesses are well positioned to deliver seamless and holistic end-to-end solutions to our customers.
The following entities remain operational, but no longer form part of our core operations.
Following the group’s rationalisation, Altron has reduced its global presence. However, the group retains a direct presence in eight (2016: 18) countries, including South Africa. In addition, our strategic partnerships with leading international technology companies gives us access to leading technology capabilities and products from across the world, including Asia, Europe and North America.
The majority of our revenue (71%) and headcount (96%) are derived from the local market in South Africa where the group is headquartered.
Looking forward, we intend to expand our top-performing businesses to different countries and continents. We will, however, manage the risk of doing so by proceeding cautiously; ensuring that we test foreign markets and follow our customers.