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Press Releases

Competition Tribunal approves Altron acquisition of Lawtrust

Africa’s leading security services provider has been created after the Competition Tribunal approved the acquisition of digital signature services company Lawtrust by JSE-listed Altron. The R245-million deal will see Lawtrust being integrated into Altron, which also acquired identity management market leader, Ubusha Technologies, in 2019 to form Altron Security. Altron Group Chief Executive, Mteto Nyati, … Read More

New managing director for Altron Nexus

Altron has announced the appointment of Kennedy Chinganya as Managing Director for Altron Nexus, with effect from 1 September, 2021. He succeeds Mark Harris, who will now handle special projects until end of November 2021. Chinganya joined Altron Rest of Africa in August 2018 as the Finance Director. He was responsible for implementing financial governanc … Read More

Technology giant Altron appoints CFO and Chairman

JSE-listed Altron has appointed Nicholas Bofilatos as Group Chief Financial Officer with effect from 29 July 2021. Bofilatos, who takes over from Cedric Miller, joined Altron in 2019 and was Finance Executive: Change Management. He has more than 15 years’ experience in finance leadership positions and was previously Group CFO at Ctrack Holdings. A Charter … Read More

Altron vindicated in Tshwane Broadband Network matter

JJSE-listed Altron has expressed its pleasure with the Constitutional Court ruling that affirmed the Supreme Court of Appeal’s previous ruling to the effect that the broadband network contract awarded to Thobela Telecoms, a special purpose vehicle in which Altron Nexus is a minority shareholder, is valid and binding. In an order dated 19 May 2021, … Read More

Altron unlocks shareholder value by 152% despite tough environment

JSE-listed technology company Altron has announced its financial results for the year to end February. The company saw invoiced income gain four percent to R7.7 billion, while cash from operations grew 31% to R2.2 billion. Shareholder value was unlocked by 152% from a share price of R20.19 to a share value of R50.80. The Gr … Read More

Altron acquires security firm Lawtrust for R245-million

Johannesburg, 19 April 2021 – JSE-listed Altron has acquired digital signatures services company Lawtrust from Etion for R245-million subject to Competition Commission approval. Lawtrust is a digital trust services and cyber information security solutions company which provides solutions used to verify the authenticity of digital identities and counterparty systems in transactions, data encryption, digital signatures, … Read More

Altron successfully completes demerger and separate listing of Bytes Technology Group plc (“Bytes”).

Today, Bytes has been admitted to the premium listing segment of the official list of the UK’s Financial Conduct Authority, to unconditional trading on the Main Market of the London Stock Exchange, and the Main Board of the Johannesburg Stock Exchange by way of a secondary inward listing (“Admission“). This marks the completion of … Read More

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