BUSINESS DAY TV: ‘Altron is working on what will help the company grow
Mteto Nyati is the CEO of Altron. BUSINESS DAY TV: Mteto Nyati is the new CE of the Altron Group, taking over from Robbie Venter. He comes into the group at a difficult time in the midst of a turnaround strategy, with the group seeing a revenue drop of a hefty 26% in the 2016 financial year. Mteto ... I want to talk about the turnaround strategy and your vision for Altron going forward. But starting off how far down the line is Altron in selling off noncore assets, which, of course, is part of its turnaround strategy? MTETO NYATI: Robbie and his team have done a great job over the last year in terms of execution when it comes to disposal of the noncore assets. We currently have only two key assets still left that need to be sold, PowerTech and a company called UEC. Companies like Autopage and Aberdare Cables have all already been sold and they did a great job in doing that. My priority right now is to make sure that we close the two. BDTV: And after that, what will the new Altron lo...
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