Jamie Carr Columnist

Fans of the parable of the prodigal son may see a few echoes with Altron’s performance in recent years, particularly with respect to wandering off to foreign parts and squandering the inheritance.  With its latest results, however, the prodigal is back on track, and any fatted calves in the vicinity would be well advised to make themselves scarce. Altron has concluded the process of disposing of its noncore businesses, and what remains is starting to make a welcome return to form. Despite the tepid economic conditions, the group has won a number of contracts, such as a R2.4bn broadband score with the Gauteng provincial government to connect schools, hospitals, clinics and police stations, a project with potential to improve performance levels and service delivery. Altron Cybertech won the tender to provide Gautrain with a secure and protected network, while Netstar won a three-year contract from the eThekwini municipality to supply and maintain a vehicle tracking system. And in the ...

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