Altron to restructure to boost performance

May 13, 2015

Allied Electronics (Altron) will look to restructure and refocus its business as the group’s performance continues to lag. This could include selling off parts of the business and diversifying into new markets. The group reports that, for the year ended 28 February 2015, revenue decreased by 1% to R27,6-billion and earnings before interest, tax, depreciation and amortisation (EBITDA) by 23% to R1,4-billion. Headline earnings per share (HEPS) declined by 50% to 94 cents.

MTN re-organises enterprise business unit

Jan 22, 2015

MTN South Africa is to reorganise its MTN Business unit, implementing a new go-to-market structure that is in line with a revised group-wide business model. “We are reorganising to enhance our customer service and market differentiation,” says Alpheus Mangale, chief...

Services, Africa strong as BCX re-organises

Apr 15, 2014

Business Connexion has continued to grow its African footprint with acquisitions in Nigeria and Botswana, new contract wins and existing client contract renewals which offset the impact of operating conditions in other sectors. The company today released its interim...

T-Systems in SA restructure

Apr 1, 2014

T-Systems in South Africa has announced the restructuring of its minority shareholding, in line with the BEE Codes of Good Practice. In addition, far-reaching changes to the board will further drive transformation in line with the company’s aim of both internal and...

BCX restructures to speed opportunities

Mar 4, 2014

Business Connexion (BCX) has instituted a re-organisation process to accelerate the group’s positioning as a global player. This process includes a change in the group’s executive team and the creation of a new group structure to support the delivery of sustainable...