Altron corporate news
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
ALTECH TO SELL NAMITECH SOUTH AFRICA TO GEMALTO
Wednesday, December 17, 2008
Gemalto, the world leader in digital security, and Allied Technologies Limited (Altech) announced today, that they have entered into an agreement whereby Altech will sell its Altech NamITech South Africa business to Gemalto....read more
XEROX DEEPENS SOUTH AFRICAN CONNECTION WITH R1 MILLION GRANT TO LOCAL UNIVERSITIES
Tuesday, December 02, 2008
During a visit here to meet customers and partners, Xerox Corporation (NYSE: XRX) President Ursula M. Burns presented a grant totaling 1 million rand to the University of South Africa and the University of Johannesburg. The gift was made in a private meeting with UNISA and UJ chief administrators....read more
ALTRON RELEASES ITS CORPORATE AFFAIRS EXECUTIVE ONKGOPOTSE JJ TABANE TO PURSUE HIS PASSION
Monday, December 01, 2008
Altron today announced the resignation of one of its senior executives, Onkgopotse JJ Tabane, Group Executive: Corporate Affairs, effective from 30 November 2008. Tabane is leaving Altron to pursue his passion for political communications as Chief Information Officer and Head of Communications for the newly formed Congress of the People (COPE). ...read more
ALTECH'S COURT 'HAT-TRICK'
Thursday, November 06, 2008
Allied Technologies Limited (Altech) announced today that The Minister of Communications’ urgent application to the Johannesburg High Court for a declarator, that its Notice of Application for Leave to Appeal suspended Altech’s entitlement to an I-ECNS licence, together with an interdict prohibiting the Independent Communications Authority of South Africa (ICASA) from issuing Altech with the licence, was dismissed by Judge Blieden today. ...read more
ALTRON ANNOUNCES BOARD APPOINTMENTS
Tuesday, November 04, 2008
Altron today announced that Mr NJ Adami and Ms DNM Mokhobo have been appointed as independent non-executive directors of Altron with effect from 3 November 2008. ...read more
ALTECH PREVAILS YET AGAIN
Friday, October 31, 2008
Altech announced today that it has been successful in opposing the Minister of Communications, Ivy Matsepe-Casaburri, in her application for Leave to Appeal against the Independent Communications Authority of South Africa (ICASA) / Value Added Network Services (VANS) judgment, which found in favour of Altech Autopage Cellular, on the 29th of August 2008. ...read more
ALTRON RECORDS STRONG HALF YEAR RESULTS DESPITE TIGHTENING ECONOMIC CONDITIONS
Tuesday, October 07, 2008
The Altron group has posted strong results for the six months ended 31 August 2008, notwithstanding the high base established in the first six months of last year. Revenue has increased by 19% to R13.2 billion and operating profit by 25% to R1.1 billion.
Altron’s headline earnings per share grew by 12%, while adjusted headline earnings per share increased by 15% - removing the effect the amortisation of intangibles arising from the group’s recent thereby providing a more meaningful picture of the underlying trading performance.
...read more
ALTECH PROFIT UP 34%
Tuesday, September 30, 2008
Allied Technologies Limited (Altech) today announced remarkable half-year results for the period ended 31 August 2008. Revenue increased by 13% to R4.5 billion, the company’s operating profit increased by 34% to R409 million and headline earnings per share was up by 19% to 261 cents. Altech Chief Executive Officer, Craig Venter commented that the company’s continued strong balance sheet and net asset value of 1 974 cents underpinned the group’s expansion strategy, with notable progress in several areas having been made during the half-year, particularly in Africa.
...read more
TRADING STATEMENT
Monday, September 22, 2008
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from those of the previous corresponding period. ...read more
ALTRON ACHIEVES GOLD
Tuesday, September 02, 2008
Allied Electronics Corporation Ltd (Altron), with interests across telecommunications, multi-media, IT and power electronics, is the first company in South Africa to be awarded a Gold certificate for corporate governance by Corporate Governance Accreditation (CGA) - having achieved a score in excess of 80%.
...read more
ALTECH WINS HIGH COURT VERDICT
Friday, August 29, 2008
Allied Technologies Limited (Altech) announced today that the Pretoria High Court has ruled in favour of Altech Autopage Cellular to the entitlement of having its existing Value Added Network Services (VANS) licence converted into an individual electronic communications network service (I-ECNS) licence enabling the group’s telecommunications subsidiary to develop and operate its own telecommunications network....read more
ALTECH AND NEOTEL SIGN MAJOR DEAL
Wednesday, August 27, 2008
Allied Technologies Limited (Altech) announced today that its telecommunications subsidiary, Altech Autopage Cellular, has signed a distribution agreement with Neotel. The channel partnership affords Altech Autopage Cellular the opportunity to market Neotel’s entire product range, allowing customers to purchase “off the shelf” fixed line, voice and data products. The partnership, which is effective as of the 27th of August 2008, will provide South Africa’s new telecommunications network with a nationwide retail distribution point.
...read more
ALTRON LAUNCHES ITS TRANSFORMATION VISION 2012
Thursday, August 21, 2008
A new vision for transformation adopted by the management of Altron was unveiled to Altron stakeholders and customers at a launch function in Johannesburg today. ...read more
DR BILL VENTER RECEIVES INTERNATIONAL LEADERSHIP IN TECHNOLOGY MANAGEMENT AWARD
Monday, August 04, 2008
Dr Bill Venter, founder and Chairman of The Altron Group, has been named as this year’s recipient of the international Picmet Leadership in Technology Management Award, by the executive committee of Picmet. ...read more
ALTRON ANNOUNCES BOARD CHANGES
Monday, July 21, 2008
Altron today announced two changes to its board, namely the appointment, with effect from 01 August 2008, of Mr Alex Smith (39) as an executive director and new Altron Chief Financial Officer (CFO), as well as the resignation of Mr Mark Lamberti as an independent non-executive director from the board, with effect from Friday, 18 July 2008. ...read more
BYTES COMMUNICATION SYSTEMS ACQUIRES INTELLECA
Tuesday, June 17, 2008
Leading enterprise communications specialist Bytes Communication Systems, a member of Bytes Technology Group, a subsidiary of the JSE-listed Altron Group, is pleased to announce the acquisition of contact centre and customer interaction experts Intelleca Voice and Mobile (Intelleca)
...read more
CAPE TOWN PROFESSOR WINS BILL VENTER/ALTRON’S 21ST AWARD FOR BOOK ON AIDS
Thursday, June 12, 2008
The annual Bill Venter/Altron Literary Award for the most outstanding academic printed work in the humanities and natural sciences is celebrating its 21st anniversary this year. ...read more
POWERTECH TRANSFORMERS SECURES ESKOM CONTRACT WORTH R1.4 BILLION
Thursday, May 29, 2008
Powertech Transformers, a wholly owned subsidiary of Powertech since 26 March 2008, has signed an enabling contract with Eskom for the supply of transformers across a range of sizes up to 400kV. The indicative value of the contract stands at R 1.366 billion and significantly enhances the alliance partnership with Eskom. ...read more
ALTRON GROUP DONATES TO STAR’S OPERATION REACH OUT
Thursday, May 29, 2008
The Altron group, through its principal subsidiaries, Altech, Bytes and Powertech today donated food and supplies as well as cash worth R200 000 to the Star’s Operation Reach Out. This project is aimed at assisting people that were displaced by the xenophobic violence in South Africa.
...read more
ALTRON ACHIEVES RECORD RESULTS FOR THE FULL YEAR
Tuesday, May 06, 2008
The Altron group reflected record results for the year ended 29 February 2008 with revenue increasing by 25% to R21.4 billion and operating profit increasing by 27% to R1.9 billion. Headline earnings per share grew by a commendable 33% over the high base established in the prior year. This performance was based on all three of its operating companies, Altech, Bytes and Powertech performing strongly with Altech increasing its headline earnings per share by 23% and Bytes and Powertech growing headline earnings by 23% and 39%, respectively. In line with its earnings growth, the group declared a dividend of 156 cents reflecting an increase of 32% over the prior year. This provides shareholders with an effective doubling of the dividend over the last years.
...read more
ALTECH PROFITS UP 23%
Thursday, April 24, 2008
Allied Technologies Limited (Altech) announced its results today for the year ended 29 February 2008. Headline earnings per share improved by 23% to 551 cents. Revenue increased by 22% to R 8.2 billion, and operating profit by 17% to R 664 million. Net asset value per share increased from 1863 cents to 2026 cents with cash balances of R 1 591 million reflecting the strength of Altech’s balance sheet. Return on shareholders’ equity remained strong, increasing from 22.7% to 25.4%. A dividend of 288 cents per share was declared, representing an increase of 20%. ...read more
ABSA AND BYTES SPECIALISED SOLUTIONS TURN ENERGY CRISIS INTO AN OPPORTUNITY
Wednesday, April 16, 2008
...read more
COMPETITION TRIBUNAL APPROVES ABB POWERTECH TRANSFORMERS RESTRUCTURING
Monday, March 31, 2008
In October 2007, Powertech, a wholly-owned subsidiary of the JSE listed Altron Group, announced their intention to buy the 50% shareholding that it did not own in its joint venture company ABB Powertech Transformers, from ABB South Africa for a consideration of R 320 million. The Competition Tribunal gave their unconditional approval of the transaction as of 26 March 2008, thereby satisfying the only remaining condition precedent.
...read more
YELLAND CONTROL TO CHANGE OWNERSHIP
Monday, March 31, 2008
Power Technologies (Pty) Ltd (Powertech), a subsidiary of the JSE-listed Altron Group, and Omron Europe B.V. jointly announced the finalisation of the acquisition by Omron Electronics (Pty) Ltd of Yelland Control from Powertech, effective 1 April 2008. Yelland Control will be integrated and will operate under the name of Omron Electronics (Pty) Ltd, a wholly-owned subsidiary of Omron Europe B.V., which was formed on 1 May 2007. It will be responsible for the sales and servicing of Omron control equipment in Southern Africa....read more
DHS BECOMES BYTES HEALTHCARE SOLUTIONS
Tuesday, March 04, 2008
Leading healthcare IT solutions provider, Digital Healthcare Solutions, a wholly-owned Bytes Technology Group subsidiary, has changed its name to Bytes Healthcare Solutions.
...read more
ALTECH SHINES AT TECHNOLOGY TOP 100 AWARDS
Monday, February 25, 2008
Allied Technologies (Altech) were dominant in the Technology Top 100 Awards at a prestigious awards evening held on Thursday 21st February 2008 at the University of Johannesburg. The event was hosted by the Da Vinci Institute for the Management of Technology and Innovation under the auspices of the Department of Science and Technology, with Altech winning three Excellence awards. ...read more
ALTECH APPOINTS A CHIEF OPERATING OFFICER
Monday, February 04, 2008
Altech announced today that it recently appointed Andy Baker as Chief Operating Officer (C.O.O.) for the group. The position filled by the previous Managing Director of Altech Netstar is due to the rapid expansion and global nature of Altech’s business. Baker, who commenced his duties on the 1st of January this year will report directly to Craig Venter, Chief Executive Officer, and will be responsible for the operational delivery of the group companies.
...read more
ALTRON APPOINTS INDEPENDENT NON-EXECUTIVE DIRECTOR
Monday, February 04, 2008
Barbara Masekela announced as Independent Non-Executive Director of Altron, effective 1 February 2008....read more
ALTRON CHIEF FINANCIAL OFFICER RESIGNS TO JOIN OLD MUTUAL
Tuesday, January 22, 2008
Altron today announced that its Chief Financial Officer, Diane Radley, has resigned from the company and the board of Altron with effect from 29 February 2008, to assume the position as Group Finance Director of Old Mutual South Africa. Ms Radley has also been appointed to the board of Old Mutual Life Assurance Company of South Africa with effect from 1 March 2008.
...read more
TERMINATION OF LISTING OF BYTES AND ISSUANCE OF ALTRON SHARES
Wednesday, January 16, 2008
Following the successful implementation of the scheme of arrangement between Bytes Technology Group Limited (“Bytes”) and Altron, the listing of Bytes on the JSE has been terminated from the commencement of business on 15 January 2008....read more
| Page updated: 2 February, 2010 | » Return to top |