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Press Releases

Altron boosts Continuing Operations interim EBITDA by 17 percent as revenue jumps 14 percent

Johannesburg, 22 October 2020 – JSE-listed technology company Altron has announced an increase in Continuing Operations EBITDA of 17% to R883 million for the first half of the year through to August 31, while revenue increased 14% to R8.4 billion. Headline earnings per share from continuing operations were up 28% to 83 cents while basic … Read More

Nyati makes executive changes at Altron

JSE-listed technology company Altron has announced that Collin Govender, current group chief information officer, will take over as managing director of subsidiary Altron Karabina after the departure of Grant van der Wal on December 31, 2020. Debra-Lynn Marais, Altron’s shared services executive will succeed Govender as group chief information officer. … Read More

Altron subsidiary partners with Aprimo to bring ‘digital first’ mindset to African companies

Johannesburg, 30 July 2020 – Altron Systems Integration (BSI), a subsidiary of JSE-listed Altron, has partnered with US-based Aprimo to bring digital technology and services to companies that will benefit dramatically from digital transformation. Aprimo is a global provider of digital asset management and work management for marketing, digital and customer experience teams, enabling y … Read More

Altron wins two awards at SAPSA

JSE-listed Altron has announced that its Chief Executive, Mteto Nyati, has been honoured with a Lifetime Achievement Award for Excellence in the field of Management, during the recent South African Professional Services Awards (SAPSA). The technology company also scooped the Digital Industry Firm of the Year award. The awards, sponsored by Sanlam and W. Consulting, … Read More

Altron boosts EBITDA 14 percent as revenue gains six percent

JSE-listed technology company Altron has announced an increase in EBITDA of 14% to R1.8 billion in the year to end February, while revenue increased 6% to R16.7 billion during the same period. Headline earnings per share from continuing operations were up 2% to 182 cents while basic earnings per share increased by 4% to 184 … Read More

Altron Nexus donates radio equipment to Limpopo government for use in pandemic

Altron Nexus, a subsidiary of JSE-listed technology company Altron, has donated 32 two-way radio handsets to the Limpopo Provincial Government to boost communications during the coronavirus pandemic. The two-way radios enable fast communication at a push of a single button without having to dial – saving time during disaster management. The single push button connects … Read More

Altron to demerge and separately list Bytes UK

JSE-listed technology company Altron said it had resolved to demerge and separately list its UK business, Bytes UK, to unlock value for shareholders. Bytes UK will be listed in the UK, with a secondary listing on the JSE. While Altron will remain listed on the JSE, it plans to demerge from its remaining investm … Read More

Thumbs up for Altron acquisition of Ubusha Technologies

The Competition Commission has approved JSE-listed technology company Altron’s acquisition of Ubusha Technologies. Altron acquired the identity security company in December 2019 in a deal worth R360-million. Altron Chief Executive Mteto Nyati said: “This acquisition was the springboard for the creation of a new division, Altron Security, which will allow us to begin to offer … Read More