Altron | Press Releases

Altron appoints Warren Mande as Managing Director of Netstar

Altron — Thu, 16 Apr 2026 13:27:43 GMT

Netstar Chief Operating Officer to take the helm as the company enters its next chapter of growth.

Altron interim financial results for the six months ended 31 Aug 2025

Admin — Mon, 03 Nov 2025 06:26:50 GMT

Focused strategy execution continues to drive Altron’s profitability

JSE-listed technology group Altron has delivered a strong set of results for the six months ended 31^st August 2025, growing profits and rewarding shareholders with a 20% increase in its interim dividend.

Group operating profit from continuing operations increased 15% to R549 million, driven by an excellent performance in the Platforms segment, with headline earnings per share from continuing operations climbing 22% to 96 cents. A tough trading environment in IT services led to a 1% decline in group revenue to R4.8 billion, however despite the decline, the company’s focus on higher margin annuity revenue streams resulted in further improvements in profitability.

Commenting on the results, CEO Werner Kapp said, “I am pleased with this period’s strong financial performance in a challenging economic environment. I am particularly encouraged by the growth and returns in our Platforms segment, which we continue to invest behind in line with our strategy. Our strong financial position and cash flow generation have allowed us to increase our interim dividend.”

Business highlights

Netstar continues to gain momentum with subscribers up 11% to 2.1 million. Revenue grew 8% to R1.2 billion, and operating profit rose by 54% to R225 million, positively impacted by the change in depreciation policy. The South African operations delivered a very strong performance, with Netstar’s Global Fleet Bureau and the extension of the innovative StarTag product range enhancing its value proposition beyond traditional tracking. While Australia faced some headwinds, the team has implemented corrective actions that are already showing positive results.
Altron FinTech delivered another excellent performance, with 24% revenue growth and a 20% increase in operating profit to R257 million, driven by growing demand from small and medium enterprise customers for its collections and payment platform, as well as strong rentals and sales of point-of-sale devices.
Altron HealthTech revenue remained flat at R201 million, with double-digit growth in platform licence fees offset by lower corporate project revenues for the period. Operating profit grew by 20% to R65 million. The encouraging adoption of data-driven services continues, including the recent launch of South Africa's first oncology companion app, ThriveLink, assisting cancer patients with seamless care coordination and easing administrative burdens.
Altron Digital Business faced a challenging half-year due to muted IT spending by major South African enterprises. Revenue declined 10% and the business posted an operating loss of R42 million. The business has taken corrective action to return to profitability and remains well-positioned for an upturn in the IT services industry with revised go-to-market strategies and enhanced sales leadership teams.
Altron Security revenue increased 2% to R252 million, with good growth in software and managed services increasing annuity revenues. Operating profit increased 6% to R70 million.
Altron Document Solutions increased its operating profit by 65% to R33 million, despite a revenue decrease of 5% to R697 million. Altron Document Solutions has adapted well to changing market dynamics, developing its eco-range and digital solutions, leading to strong results as customers seek more cost-effective and secure ways to digitise, automate, and manage business information.
Altron Arrow was impacted by the global slowdown in the electronic component distribution sector, with revenue falling 23% and operating profit falling 49% to R18 million.
Altron recently launched South Africa’s first operational AI Factory, providing South African companies with enterprise-level AI infrastructure and services while maintaining data sovereignty and regulatory compliance. The platform is currently live with five launch customers, which include Dataviue, Lelapa AI, and MathU.

Investing for growth

Altron invested R370 million in capital expenditure during the period, of which R342 million was directed to growth initiatives, including investments in capital rental devices in Netstar and Altron FinTech, as well as new ventures such as the Altron AI Factory and the expansion of Altron HealthTech’s oncology solution to include a patient app.

Kapp added, “We are focused on executing our strategy, managing capital efficiently, making strategic investments, and driving sustainable, profitable growth to enhance long-term shareholder value. I am exceptionally proud of the Altron leadership team and all our people for consistently delivering improving results in the current demanding environment.”

Results presentation

An investor presentation will be hosted at 09h30 on 3 November 2025 to present the Group's financial results for the six months ended 31 August 2025. A webcast of the presentation can be accessed via the following link: https://78449.themediaframe.com/links/altron251103.html

The results announcement on SENS can be accessed at: https://altron-investors.com/sens-announcements.php

Notes

Continuing operations include Netstar, Altron FinTech, Altron HealthTech, Altron Digital Business, Altron Security, Altron Document Solutions, Altron Arrow and excludes Altron Nexus.

Altron launches SA's first operational AI Factory delivering enterprise-grade AI Infrastructure, platform and services

Admin — Mon, 27 Oct 2025 10:46:00 GMT

Altron announced today the successful deployment of South Africa's first operational AI Factory, powered by NVIDIA AI infrastructure including NVIDIA accelerated computing and NVIDIA AI Enterprise software. This platform delivers comprehensive AI infrastructure, tools, training and support while maintaining data sovereignty and regulatory compliance. The platform is currently live with five launch customers, which include Dataviue, Lelapa AI, and MathU.

Altron Group CTO, Dr Bongani Andy Mabaso explains, "As South Africa's original technology brand, we want to be the enabler for businesses seeking to harness AI capabilities, keeping our customers at the heart of our ecosystem. Our launch customers enable our goal for this platform to become a launchpad to support their vision and speed up AI development and the delivery of services to the market, solving challenges in ways only South African companies can."

Data sovereignty meets world-class AI infrastructure

Altron's AI Factory ensures sensitive information remains within South African jurisdiction, protected by local laws. This addresses critical data sovereignty concerns for enterprises navigating global AI adoption through comprehensive infrastructure and services.

Di Buijs, Head of Channel and Public Sector at Teraco, acknowledges “We are proud to host Altron’s AI Factory - the deployment, within a NVIDIA AI-Ready data centre at Teraco, complements our existing partnership and the current solutions they deliver to their customers” adding, “At the intersection of AI readiness and high-performance computing, this collaboration directly addresses the critical need for data sovereignty. It empowers industries such as banking, financial services, and the public sector to unlock the full potential of AI while ensuring secure, local data compliance.”

Pieta Heyns, MD of Dataviue one of the AI Factory launch customers highlights, "This platform offers cutting-edge AI capabilities while ensuring our clients' data remains protected under South African regulations - eliminating compliance concerns that arise with offshore solutions.”

Breaking down cost barriers to AI innovation

The platform delivers enterprise-grade NVIDIA accelerated computing infrastructure alongside AI-as-a-Service offerings at competitive pricing. Altron's approach offers dedicated capacity, enabling businesses to scale efficiently whether they're building proprietary models or consuming AI services.

MathU's founder, W.A Burger, emphasises: "We're accessing the same AI infrastructure that global giants use, and AI models that align with our market reality. This enables us to iterate faster and scale our personalised education platform with confidence."

Local expertise driving global standards

Altron's team provides specialised AI consulting and managed services. This combination positions the platform as a complete AI ecosystem for South African enterprises.

"Our AI Factory gives businesses immediate access to enterprise AI infrastructure combined with the expertise to use it effectively. Instead of months of buildout, offshore dependencies, or expertise gaps, our customers get the platform, the expertise, and the support to make AI actually work for their business. The foundation is ready. That's transformative," says Mike Wright, Executive for Data & AI at Altron Digital Business.

Dr. Bongani Andy Mabaso, Altron Group CTO, adds,"We're not choosing between global technology excellence and local context; we're combining both. Working with our technology launch partners, we've created an ecosystem where South African businesses can build cutting-edge AI solutions and enterprises can consume world-class AI services at competitive pricing, while maintaining local control."

Mbali Ndandani, CRO of Lelapa AI, describes the impact: "Altron's AI Factory gives us access to existing AI models and enterprise-grade infrastructure to develop solutions for underrepresented African languages, giving enterprises the opportunity to consume our AI services without building their own infrastructure."

Building tomorrow's AI economy today

Altron’s AI Factory platform, combining both infrastructure and AI-as-a-Service with local control and competitive pricing, presents a compelling solution and a well-timed opportunity for South African businesses facing increasing pressure to innovate while protecting their digital assets and managing their technology investments.

This landmark initiative is built in partnership with ASUS and HPE. ASUS serves as the dedicated hardware partner, delivering the high-performance computing infrastructure and HPE provides the marketplace software enabling the platform's AI services

Altron’s AI Factory is now operational and ready to onboard additional customers, marking South African AI not as a future promise, but as a present reality.

Altron Digital Business partners with Huawei to introduce AI-powered contact centre solution in South Africa

Admin — Fri, 12 Sep 2025 10:59:34 GMT

The partnership enables South African businesses to enhance their customer experience journeys through the versatility of AI

Altron Digital Business appoints David Hynd to lead networks and data centre solutions

Admin — Thu, 05 Jun 2025 11:14:18 GMT

Altron Digital Business, a leading provider of digital solutions and IT services, has today announced the appointment of David Hynd as Executive: Networks and Data Centre Solutions, effective from Monday, 2 June 2025. Hynd brings over two decades of experience leading global IT transformation initiatives and driving growth across international markets.

Altron celebrates 60th anniversary with strong growth in profitability

Admin — Mon, 26 May 2025 06:06:05 GMT

Altron posted impressive growth in profitability for its financial year ended 28 February 2025 with operating profit
from continuing operations surging by 50% to R972 million. The company’s EBITDA also saw robust growth,
rising 27% to R1.8 billion.

Reflecting its strong performance, the Altron Board declared a final dividend of 50 cents per share, an increase
of 52% compared to the previous year.

New channel partnership to bolster certificate life cycle management in SA

Altron Security — Wed, 21 May 2025 09:34:46 GMT

Sectigo, a global leader in digital certificates and automated Certificate Lifecycle Management (CLM), and Altron Security, a leading provider of holistic identity and digital security solutions in South Africa, has announced a strategic channel partnership. This collaboration enables Altron Security to leverage Sectigo's cloud-native Certificate Lifecycle Management (CLM) solutions to further strengthen its digital certificate management offering for customers, ultimately mitigating the risk of business outages due to mismanaged certificates, improving overall security and helping future-proof businesses.

Altron introduces Friendly Technologies’ One IoT Device Management Platform

Altron — Tue, 20 May 2025 06:56:45 GMT

Altron Digital Businesshas announcedanew integrated offering for Africa’s IoT market, Friendly Technologies’ (FT) One IoT Device Management Platform, this platform provides a unified, industry-leading IoT DM solution designed to help businesses deploy, manage, and scale Internet of Things (IoT) devices throughout the full life cycle.

Altron Digital Business achieves AWS glue service delivery designation

Altron — Mon, 19 May 2025 13:31:32 GMT

Altron Digital Business, South Africa’s technology leader in cloud and data solutions, has earned the AWS Service Delivery designation for AWS Glue, underscoring its commitment to driving data and AI excellence for businesses across the region.

Driving Healthcare Innovation Through People

Gerhardt Mohlapholi — Fri, 09 May 2025 08:59:57 GMT

As a healthcare professional, you’re used to taking care of the health of your patients. But what about the health of your practice? If you’re not sure, that’s understandable – after all, doctors and practice managers have enough on their plate without worrying about finding opportunities for more revenue. Luckily, there’s a new, easy to use tool from a provider with a strong track record of developing actionable, real-world solutions for the South African market.