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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 brand – is involved in ICT services, including secure transactions, IT training and inbound and outbound contact centres. Some of the highlights of the past six months included Netstar’s partnership
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Toyota, Altron, Vodacom Collaborate to Enable in-Car WiFi

Toyota South Africa has teamed up with Altron and Vodacom Business, to roll-out connectivity features and in-car Wi-Fi on all new Toyota and Lexus models. Known as Toyota Connect, the new connectivity hub will be housed within the MyToyota App which was launched in 2014. The technology allows Toyota owners access to a myriad of convenience, connectivity and safety benefits. “As of 01 September 2019, all-new Toyota and Lexus models sold in South Africa will come standard with in-car Wi-Fi including 15GB free data (which you can top up) as well as a host of connectivity features and benefits courtesy of
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Altron appoints new executive – Business Report

JOHANNESBURG – Johannesburg Stock Exchange-listed technology company Altron on Monday announced the appointment of Sayeeda Khan as Group Executive Risk and Compliance. “We see corporate governance, positive control posture and compliance as a critical foundation for our growth strategy. It is for this reason that we have chosen to elevate the risk management and compliance function to an executive committee role. It was also important to get a person who has a proven track record for getting things done,” said Altron Group Chief Executive Mteto Nyati. “I am excited to be joining Altron
Altron in the News

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 also been streamlined significantly, the group has turned profitable, and dividends have been resumed for the first time since 2016. It has transformed from an operation based on infrastructure physical inputs into a player in the information
Altron in the News

Altron resumed dividend payments, shares climb – Money Web

Money Web Altron resumed dividend payments, shares climb 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.