http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.09Change: -0.02
R/$ = 11.55Change: 0.03
Au 1260.21 $/ozChange: 0.91
Pt 1227.50 $/ozChange: 10.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
May 11, 2007

Car tracking group reveals plans to move into Asia and South America

Back
Engineering|Africa|Altech|Altech Netstar Fleet Management Services|Flow|Netstar Fleet Management Services|Africa|Brazil|Malaysia|South Africa|Continuous Product|Flow|Intellectual Property|Product|Services|Solutions|FMS|Craig Venter|Enos Banda|Operations|Ing Technology
Engineering|Africa|Flow||Africa||Flow|Services|Solutions|||Operations|
engineering|africa-company|altech|altech-netstar-fleet-management-services|flow-company|netstar-fleet-management-services|africa|brazil|malaysia|south-africa|continuous-product|flow-industry-term|intellectual-property-industry-term|product|services|solutions|fms|craig-venter|enos-banda|operations|ing-technology
© Reuse this



High-technology group Altech has announced its intentions to push the proven technol- ogy of Netstar stolen-vehicle recovery (SVR) operations into the global arena.

The company has franchise arrangements operating in Malaysia, whereby it receives a royalty flow from the franchise operators. Altech is now seeking to enter into a 50:50 arrangement in Malaysia, which will result in a joint controlling interest in the company.

“A binding heads of agreement has been signed by all parties concerned, and certain conditions precedent to the transaction remain to be fulfilled, including a valuation being performed by one of the big four auditing firms,” says Altech CEO Craig Venter.

Described as being an exceptionally profitable entity, the equity from operations in Malaysia would be a beneficial addition to Altech.

Venter also hints at opportunities for Netstar to expand into South American countries, such as Brazil.

Altech owns the intellectual property for the technology involved in SVR and is the market leader in South Africa, with year-on-year market growth of 16%. The value of vehicles protected exceeds R49-billion.

Altech Netstar is constantly investing large amounts of capital into research and development, hoping to lower the cost of SVR hardware. Continuous product re-engineering in line with develop- ing technology and customer trends is taking place. Venter explains that the SVR market is an extremely price-sensitive one, and a small price adjustment makes a huge difference.

“Altech has segregated Altech Netstar’s fleet management business, forming a separate company called Altech Netstar Fleet Management Services (ANFMS). In addition to this, a black economic-empowerment transaction was concluded with Nariku – a company led by Dr Enos Banda. All conditions precedent to the transaction were fulfilled by March 31, and the company now holds 25% plus one share in ANFMS,” comments Venter.

With its new entry on the fleet-management side (FMS) of opera-tions, Netstar has increased its market share from virtually 0% to 8% over the financial year. Venter explains that Netstar would like to further capitalise on the FMS of operations and is looking to secure arge contracts in this area of business.

Fleet management allows for vehicles to be constantly tracked and monitored and can report on harsh braking or accelerating, excessive idling or whether vehicles enter no-go areas.

Altech Netstar accounts for about 8% of Altech’s total revenue. Altech Autopage (60%), Altech UEC (13%), Altech NamITech (6%), Altech Arrow Altech Distribution (5%), Altech Alcom Matomo (3%), Altech Alcom Radio (2%), Altech Card Solutions (2%), and Altech Isis (1%) are further operations contributing to overall revenue generated by the company.

Altech reported that revenue increased by 12% to R6,8-billion, for the year ended February 28. “Overall, things are looking very healthy, and the company aims to capitalise on group strengths and strong local market positions,” concludes Venter.

Edited by: Martin Zhuwakinyu
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Information Technology News
EDWARD CARBUTT ISO standards provide effective ways of ensuring that even heterogeneous IT environments are managed according to business needs
Updated 2 hours 8 minutes ago Information technology (IT) systems are critical business systems and integrating IT and business development using a framework of business sustainability standards enable processes to be improved continuously, says Service Management specialist provider and...
Updated 2 hours 8 minutes ago International information and communications technology group Datatec expects to report revenues in excess of $6-billion and underlying earnings a share of more than $0.40 for the financial year ending February 28, 2015.
Updated 2 hours 8 minutes ago To start: absolutely nothing justified the murderous attack on the French satirical magazine Charlie Hebdo or on a kosher supermarket, in Paris, early this month. Both were expressions of murderous bigotry. (Alas, bigots are to be found everywhere, but, fortunately,...
More
 
 
Latest News
Updated 7 hours ago Foreign direct investment (FDI) inflows to Africa fell by 3% to around $55-billion in 2014, amid an 8% fall in global inflows to an estimated $1.26-trillion, from $1.36-trillion in 2013. In its Global Investment Trends Monitor, the United Nations Conference on Trade...
A trading demonstration has showcased the applicability, functionality, utility and readiness of the well-established, commercial and financial electronic infrastructure provided by private-sector commodity registry Silocerts and the JSE as a potential platform for...
While South African consumers will get a reprieve on the back of a lower oil price, all the potential benefits could be overshadowed by the nation’s ongoing electricity shortages. A surprise cut to below $50/bl for crude oil would soften the blow of rising costs on...
More
 
 
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
 
 
 
 
 
This Week's Magazine
Updated 2 hours 18 minutes ago The international Square Kilometre Array (SKA) radio telescope – which is to be jointly hosted by South Africa and Australia with, later, outstations in other countries – may not yet exist, but international scientific working groups are already deciding what...
Updated 2 hours 18 minutes ago A free Web-based solar power plant capacity-planning tool offers project planners and developers, as well as governments, a means to assess the solar energy potential of thin-film solar PV power over an area of land. The tool was developed by thin-film solar...
Updated 2 hours 18 minutes ago As yet, no specific methodology, timeline or costs have been finalised to remedy the water ingress, excessive to contractual specifications, into the Gautrain tunnel between emergency shaft two (E2) and Park Station, says Bombela Concession Company technical and...
ASTRAPAK The group highlighted that executive strategic interventions and other group-wide business improvement imperatives were progressing favourably
Updated 2 hours 18 minutes ago The “seriously disruptive” electricity outages in South Africa have cost packaging group Astrapak more than R2-million in “irrecoverable downtime costs”, the company said on Monday, adding that the power cuts were negating some of the benefit of energy saving...
Updated 2 hours 18 minutes ago Bakkies and more affordable cars dominated South Africa’s new vehicle market in 2014. Unaudited data from the Department of Trade and Industry (DTI) shows that South Africa’s most popular vehicle in 2014 was the Toyota Hilux, selling 37 562 units.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks