Altron sets sights on new growth era after strategy review
With the completion of a strategy review and a successful consolidation and realignment of the business, telecommunications and information technology giant Allied Technology (Altron) CEO Mteto Nyati has set his sights on shaking up the JSE-listed firm to unlock a “new era” of growth and expansion after losses in recent years.
The JSE-listed group recently transitioned from a family-controlled and -managed business to an independent management structure, with the appointment of Nyati in March as successor to Robbie Venter, in a move to aggressively drive a strategy aimed at returning the company to its previous fortunes.
Nyati recently unpacked to the media the new five-year structured roadmap, founded on the ‘One Altron’ principle.
This followed an intensive review of Altron’s strategy for the growth of the core businesses, any capability or resource gaps that existed and where various capabilities already within the group could be synergised within the four focus areas – healthcare, financial inclusion, safety and security and training and development.
The revised strategy, themed ‘positioning for growth’, is based on the company’s four standing strategic pillars of revenue growth, profitability improvement, customer experience transformation and employee excellence.
“We are making significant headway in implementing our plans and our vision to be the leading technology solutions company, which delivers innovation that matters and has a meaningful impact on society, by addressing the challenges facing our communities in South Africa, the continent and globally, while delivering shared value for our stakeholders and inspiring pride in our employees,” Nyati said.
Altron has already streamlined its management structure and simplified its operations, resulting in a leaner, more engaged head office that is 40% smaller and saves the group around R60-million a year.
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