The turnaround at long-troubled technology and manufacturing group Altron is picking up pace, with profit from continuing operations in the six months to end-August 2016 improving to R187m from R103m in the same six-month
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Former Altech CEO and Altron TMT group executive Craig Venter was given a R15m “separation payment” when he left the technology group last year, despite poor performance by several of
South Africa’s highly competitive subscription video-on-demand (VOD) landscape has claimed its first victim. Less than a month after Netflix announced it was expanding to markets across the world, including South Africa, Times Media Group has shuttered Vidi
Times Media Group’s Vidi video-on-demand platform has been “struggling to gain traction in the market”, TMG parent Tiso Blackstar Group said this week. In notes alongside
JSE-listed technology group Altron will in future be a significantly smaller business focused on the IT and telecommunications industries as it sheds non-core assets and loss-making businesses, especially in the legacy power infrastructure side of its business. Robbie Venter has resolved
Altron disclosed on Wednesday that it has fully impaired intangible assets related to the failed Altech Node set-top box and home automation system to the tune of R44m in the six months ended 31 August 2015. TechCentral first reported last month that Altron had decided to pull the plug on the service
The Altech Node will soon be no more. TechCentral has established that Altron is going to pull the plug on the service after failing to sell the business to a third party. Altron subsidiary Altech launched the Node to great fanfare in 2014
The television entertainment industry in South Africa is in for significant disruption in the next 18 months. And couch potatoes look set to be the biggest beneficiaries as competition intensifies between traditional broadcasters and new Internet streaming providers
Altron has decided to sell its poorly performing video-on-demand platform, the Altech Node, and is in the advanced stages of discussions with an unnamed third party to dispose of the product. Altron subsidiary Altech launched the Node
Altech has added Warner Bros to the content bouquet offered on the Node video-on-demand and home automation set-top box in a move it says “substantially extends its content library of movie and television entertainment”. Despite “lower than