{"id":176601,"date":"2017-05-25T16:34:02","date_gmt":"2017-05-25T14:34:02","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=176601"},"modified":"2017-05-25T16:34:02","modified_gmt":"2017-05-25T14:34:02","slug":"mteto-nyati-buys-r600000-in-shares-at-altron","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/176601\/mteto-nyati-buys-r600000-in-shares-at-altron\/","title":{"rendered":"Mteto Nyati buys R600,000 in shares at Altron"},"content":{"rendered":"<p>New Altron CEO, Mteto Nyati, has spent R613,635 to acquire 55,000 shares in the listed ICT group at a price of just over R11 each.<\/p>\n<p>The former MTN South Africa CEO stepped down from the mobile operator to electronics group Altron in March.<\/p>\n<p>Nyati served as CEO\u00a0of MTN South Africa since July 2015, and previously held executive positions at IBM and Microsoft South Africa.<\/p>\n<p><span class=\"st\">Earlier in May Allied Electronics Corporation (Altron) reported a 26% drop in revenue\u00a0for the year ended February 2017, to R19.7 billion.<br \/>\n<\/span><\/p>\n<p>Earnings before interest, tax, depreciation and amortisation (EBITDA) however,\u00a0 increased by 123% to R840 million, while headline earnings per share (HEPS) improved to a profit of 71 cents from the loss of 145 cents posted in the prior year.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/it-services\/174439\/altron-reports-26-drop-in-revenue\/\" target=\"_blank\" rel=\"noopener noreferrer\">Altron reports 26% drop in revenue<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Altron CEO, Mteto Nyati, has spent R613,635 to acquire 55,000 shares in the listed ICT group at a price of just over R11 each.<\/p>\n","protected":false},"author":10,"featured_media":51695,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[25,309],"class_list":["post-176601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-active","tag-altron"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/176601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=176601"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/176601\/revisions"}],"predecessor-version":[{"id":176607,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/176601\/revisions\/176607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/51695"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=176601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=176601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=176601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}