Best of three
PROVIDERS of information technology (IT) took a pummelling during the recession, and Allied Electronics Corporation (Altron) subsidiary Bytes Technology Group was no exception. Another of the triad that make up the group is Powertech, which provides electric cable infrastructure, and it was also hard hit. But telecommunications and technology group Allied Technologies (Altech), under the guidance of CEO Craig Venter, has been a star performer.
And while times have been tough for Bytes, things are starting to turn around, says Altron group CEO Robert Venter, reporting there have been three consecutive half years of “upward trend” in the company. Altech has proved to be a robust share, with steadily increasing profits even during tough economic times, outperforming its Altron peers.
However, there are prospects for turnarounds in both Bytes and Powertech’s fortunes. Apparently the latter has been losing ground to cheaper international players but expects demand north of SA’s borders may turn things for the better. Bytes, on the other hand, is focusing on services and benefiting from the cost-cutting undertaken in the group as a whole.