Altron’s continued turnaround, under the leadership of CEO Mteto Nyati, delivered the best performance among technology shares listed on the JSE in 2018.
Altron shares advanced 49% last year, building on their momentum of 2017, when they rose 37.7%, and delivering an impressive 222% return for shareholders (excluding dividends) over a three-year period.
The only other company to come close to that sort of performance over three years is Mix Telematics, whose share price has risen by 204% since 1 January 2016. Mix Telematics was the top performer in TechCentral’s list for 2017, rising 88.8%.
Fin24: Altron increases profit, says UK growth exceeded expectations
Altron boosts revenue, reduces debt – IT Web
Altron appoints new executive – Business Report
Altron resumes dividends as restructuring pays off – Ince Connect
Watch: Altron shoots the lights out of its revenue target – CNBC Africa
Altron appoints Sayeeda Khan as Group Executive Risk and Compliance – ITWeb Africa
Altron launches emotionally charged new commercial – Financial Mail
What’s next in Mteto Nyati’s Altron recovery drive – IT Web