Altron in the News

Altron Appoints Cedric Miller As Chief Financial Officer

JSE-listed Altron has appointed Cedric Miller as chief financial officer (CFO). Miller, who will join the technology Group on 1 May 2019, has more than 27 years’ financial and accounting experience, having worked extensively in global investment and retail banking. Mteto Nyati, Altron Group chief executive said: “Cedric brings a wealth of knowledge to our … Read More

Altron invests in the future of South Africa’s youth

With unemployment and education remaining two of the most challenging issues facing South Africa, JSE-listed technology group Altron has awarded bursaries to more than 20 university students from around the country. On completion of their studies, the students, from the Universities of Stellenbosch, Johannesburg, KwaZulu-Natal, Witwatersrand and Cape Town, will work for Altron for a … Read More

Altron offloads last non-core asset it controlled

Years after starting a process to sell its non-core assets, JSE-listed technology group Altron has received regulatory approval to dispose of the last company it had a controlling interest in which it had ring-fenced for sale. The group said on Tuesday that it has received approval from the Competition Commission to sell Altech UEC, its … Read More

Altron SA’s best performing tech share in 2018 – Tech Central

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 … Read More

Winds of change at Altron delivers sunny results – Business Day

Business Day- Allied Electronics Corporation (Altron) is almost unrecognisable from two years ago. Gone is the byzantine control structure that was dominated by the Venter family, and the only member of the family on the board is Robbie Venter as nonexecutive director, with founder Bill Venter having retired earlier in 2018. The operating structure has … Read More

Big turnaround plan needs to ignite passion and commitment – Sunday times

When Mteto Nyati stepped down as MTN South Africa CEO to join the then loss-making Altron as CEO, to many, it seemed like a no-brainer. … Read More

What’s next in Mteto Nyati’s Altron recovery drive – IT Web

When Mteto Nyati stepped down as MTN South Africa CEO to join the then loss-making Altron as CEO, to many, it seemed like a no-brainer. … Read More

Altron resumes dividends as restructuring pays off – Ince Connect

The ICT group has paid its first dividend in over two years after selling non-core businesses and reducing debt. … Read More