New MD for Altron Nexus

Altron has announced the appointment of Kennedy Chinganya as MD of Altron Nexus, with effect from 1 September, 2021. He succeeds Mark Harris, who will handle special projects until end of November 2021. Chinganya joined Altron Rest of Africa in August 2018 as the...

Altron’s Tshwane Broadband Network tender valid

Altron has announced that it felt vindicated after the Constitutional Court upheld the Supreme Court of Appeal’s ruling that the broadband network contract awarded to Thobela Telecoms, a special purpose vehicle in which Altron Nexus is a minority shareholder, is valid...

Altron reports decline in earnings for 2021

Allied Electronics (Altron) recorded an 8.5% decline in earnings before interest, taxes, depreciation and amortisation (Ebitda) to R1-billion during the year ended February 28, 2021. This was attributed to weak market conditions and liquidity pressures resulting in...

Trading statement from Altron

Allied Electronics (Altron) has issued a trading statement, notifying shareholders that earning for the 12 months ended 28 February will be substantially different from the comparable period last year. The group notes that a reasonable degree of certainty exists that...

Altron acquires Lawtrust for R245m

Allied Electronics Corporation (Altron) said that it had acquired digital trust services and cyber information security solutions company Lawtrust from Etion for R245 million, to position Altron as a one-stop shop for all that it digital and information...
error: Content is protected