Corporate News
| Title | Date |
|---|---|
| Altech CEO elects to forego bonus and take pay freeze The Altech Group’s board has welcomed the decision by the Group CEO, Craig Venter, to forego his bonus for the 2012/13 financial year. “The board appreciates Mr Venter’s decision as it clearly demonstrates that he continues to place the interests of all stakeholders above short-term considerations,” says Moss Leoka, board chairperson of JSE-listed Altech. | 7 May 2013 |
| Altech announces Annual Results News Highlights: - Group revenue increased by 4.7% to R10.4 billion - Disposal of loss-making East and West Africa operations - Altech Multimedia and Altech UEC revenue and profit increased significantly - All other businesses (other than East and West Africa) performed as expected in tough trading environments - Established a Business Development Division within the group to anticipate and address future growth opportunities as part of Altech’s new streamlined TMT group structure Huawei value added partner agreement pays off: | 25 April 2013 |
| Altech enters into three-year Communications Contract with SAPS Police operations in Gauteng have received a major boost, with the closing of a three-year contract with the Altech Group to maintain and upgrade SAPS’ TETRA radio network in the province. Altech subsidiary Altech Alcom Matomo will be responsible for providing Motorola two-way communications equipment, upgrading the TETRA infrastructure, software and ongoing maintenance of the radio network. | 18 April 2013 |
| Altech's partnership with Huawei starts to pay dividends The strategic alliance between global information and communications technology (ICT) giant Huawei and JSE-listed ICT group Altech announced last year is already beginning to pay dividends, according to Tim Ellis, executive director of the Altech group. Ellis says Altech and Huawei have jointly secured a significant contract with the Passenger Rail Agency of South Africa (PRASA) to provide digital signalling network technology for South Africa’s major metropolitan areas, including Gauteng, Durban and Cape Town. | 28 March 2013 |
| New chapter unfolds for Altech The strategic partnership between the Altech Group (Altech) and Liquid Telecommunications Holdings (Liquid) that will see the creation of the largest fibre network in Africa has been concluded. Altech announced today that all customary conditions precedent have been fulfilled, with board and regulatory approvals received. Altech Group operations are now firmly on a path for success and growth, says Group Chief Executive Officer Craig Venter. | 14 March 2013 |
| Altech partnership creates largest fibre network in Africa The Altech Group (Altech) has concluded the realignment of its East African network interests by injecting them into a strategic partnership with Liquid Telecommunications Holdings (Liquid), a highly successful telecommunications group operating in southern Africa. | 29 January 2013 |
| Altech Group appoints Laurence Savage as Chief Operating Officer Allied Technologies Limited (Altech), the Johannesburg Stock Exchange-listed multibillion-rand technology group, has appointed Laurence Savage to the position of Chief Operating Officer (COO) effective January 2013. Mr Savage brings to the group a wealth of experience spanning various industries, including the media, electronics, engineering and automotive sectors. Craig Venter, the Chief Executive Officer of Altech, says he is pleased to welcome Mr Savage to the Altech Group. | 16 October 2012 |
| Altech announces Interim Results News Highlights Revenue increased by 6.87% to R5.2 billion Annuity income at 83% of revenue Return on shareholders’ equity at 22.6% South African and most international operations perform to expectations Disposal of Altech’s 75% interest in loss making Altech West Africa Increased emphasis on profitable growth of the top line Cost control, cost reductions and capital management remain key focus areas Expansion opportunities both locally and internationally. Huawei partnership deal signed | 27 September 2012 |
| Altech signs value added partner deal with HUAWEI JSE-listed Allied Technologies Limited (Altech), with an annual revenue of R10 billion, today announced it has signed a long term Value Added Partner agreement with Huawei, a leading global information and communications technology (ICT) solutions provider. | 29 August 2012 |
| To solidify its growth, the Group is expanding its markets and client base. Allied Technologies (Altech) is a JSE-listed multibillion rand investment holding company that has successfully managed the economic downturn through its local and international footprint. Altech is now working to solidify its global presence through a focused range of activities, including the development and ownership of intellectual property rights, and the provision of value-added products, services and solutions driven by convergence. In this way, the company in-tends to expand its markets, add new customers, build shareholder value and increase profits. | 6 August 2012 |
