Best of three

Finweek English Edition - - Companies&markets -

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.

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