Altron’s share price increased by 111% over the last twelve months, making it one of the best-performing companies on the JSE.
in 1965 as United Electric, later renamed Allied Electric. It was one of the first South African-controlled electrical, electronics, and telecommunications companies.
Robbie Venter continued to serve as Altron CEO until 2017 when the company appointed Mteto Nyati as its new group chief executive. Bytes UK was listed in the United Kingdom on the London Stock Exchange with a secondary listing on the JSE. On 31 July 2024, Altron released a trading statement and operational update showing the company was performing well.
These strategies have resulted in an improved performance in the second half of the 2024 financial year. “These offers were below the Altron Board’s assessment of fundamental value and carried execution risk,” the company explained.
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