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Altron in the News

CNBC Africa: Captains of Industry: The secret behind Altron’s success with CEO Mteto Nyati

Technology group Altron has more than doubled its market value since 2017 when businessman Mteto Nyathi took to the helm as CEO. His success of transforming the company from a family run business to a global independent entity has not gone unnoticed. In 2019 he was named businessman of the year by the All Africa … Read More

SABC News: Mteto Nyati, Peter Tshisevheon leadership in private, public sector

As we continue to talk about leadership, we still have the Group Chief Executive of ALTRON, Mteto Nyati with us. And we’re now joined by our new guest Peter Tshisevhe, who’s the founder and chair of TGR Attorneys. They specialise in corporate and commercial law. The company advises on Mergers and Acquisitions, listings on stock … Read More

SABC News: Mteto Nyati named Business Leader of the Year

Altron Group, CEO. Mteto Nyati has been named Business Leader of the Year at the All African Business Leaders Awards. Over a period of 12 years, Mteto has held various leadership positions including at IBM in South Africa and Europe and Microsoft South Africa, where he was Managing Director for six years. He was als … Read More

IOL: Altron buys security company Ubusha Technologies for R360m

Listed Allied Electronics Corporation (Altron) has acquired identity security company Ubusha Technologies for R360 million in a move that will enhance its existing capability in the IT security market. Altron said Ubusha was founded in 2003 and is the largest identity security provider in Africa and provides its clients with identity security solutions for their … Read More

ITWeb: Altron Karabina appointed Microsoft Licensing Solution Provider

Microsoft has named Altron Karabina as its trusted Licensing Solution Provider (LSP) in the country, after the company has complied with the stringent governance requirements to do so. This enables it to offer more expertise and value to its current and future customers. This agreement comes as Altron is positioning its recently acquired subsidiary, Altr … Read More

Tech Central: Altron lifts Heps by 4%, talks up prospects

Altron lifted headline earnings per share (Heps) in the six months to 31 August 2019 by 4% to 73c on the back of an 8% increase in revenue from continuing operations to R8.5-billion. Earnings before interest, tax, depreciation and amortisation (Ebitda) rose by a healthy 19% to R803-million. It declared an interim dividend of 29c/share. … Read More

ITWeb: Altron eyes R100m from Microsoft software licensing deal

JSE-listed Altron is targeting R100 million from its recently-signed software licensing partnership with Microsoft. This is according to Altron’s group chief executive, Mteto Nyati, in an interview with ITWeb this morning after the company announced its interim results for the six months ended 31 August. Earlier this month, Microsoft named Altron as a licensing solution provider … Read More

Fin24: Altron increases profit, says UK growth exceeded expectations

Altron [JSE: AEL] reported 8% growth in revenue from continuing operations to R8.53 billion, with headline earnings up 4% for the six months to end-August. An interim dividend of 29 cents per share was declared. Altron owns vehicle tracking group Netstar, and through various businesses – including under the Altron Bytes brand – is involv … Read More