Altron in the News

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

Altron boosts revenue, reduces debt – IT Web

JSE-listed Allied Electronics (Altron) today announced that it has continued to deliver on its growth plans, reduced debt levels, and completed the divestment of non-core assets. … Read More

Strong revenue growth at Altron enables first dividend since 2016 – Business Tech

Technology group Altron on Thursday reported a 44% rise in revenue from continuing operations for the six months ended August 2018, to R9.8 billion. Earnings before interest, tax, depreciation and amortisation increased by 16% to R686 million on a normalised basis. … Read More

Altron resumes dividend payments, shares climb – Tech Central

Altron has resumed dividend payments to shareholders, sending the group’s shares higher on the JSE on Thursday. It’s the first time it has paid a dividend since 2016 … Read More