Altron’s 11 800 employees celebrate its 40th anniversary with an increase in revenues of 22% to R12.2 billion and operating income of 35% to R968 million. Market capitalisation reaches R5 billion.
Altech exits joint venture with Econet with a R150 million profit.
Powertech purchases Calidus, a manufacturer and supplier of electrical insulation materials and signs a new 10-year agreement with Von Roll Isola.
Altron launches its Transformation Vision 2010, an internal Black Economic Empowerment (BEE) policy document which includes a group scorecard for Black Economic Empowerment.
Vodacom and MTN sign long- term agreements with Altech for Altech Autopage Cellular to act as an independent service provider for a minimum of five years
CS Holdings is successfully integrated into Bytes.