http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.27Change: -0.04
R/$ = 11.33Change: -0.10
Au 1211.87 $/ozChange: -6.10
Pt 1304.00 $/ozChange: -5.00
 
 
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 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|FMS|Craig Venter|Enos Banda|Ing Technology
Engineering|Africa|Flow||Africa||Flow|Services|||
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|fms|craig-venter|enos-banda|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 ICT News
Updated 2 minutes ago Cell C has indicated its plans to challenge the asymmetry rates set within the latest mobile termination rates (MTRs) tabled by the Independent Communications Authority of South Africa (Icasa) this week. Speaking at the MyBroadband conference, in Midrand, on Tuesday,...
Vodacom CEO Shameel Joosub
Updated 1 hour 3 minutes ago Despite the loss of over R1-billion owing to the drastic mobile termination rate (MTRs) cuts, telecommunications giant Vodacom on Tuesday said its spend in South Africa during this current financial year would reach about R17-billion. This included Vodacom’s...
Updated 2 hours 9 minutes ago The R1.2-billion Gauteng Broadband Network (GBN) roll-out was well under way, with Gauteng Finance MEC Barbara Creecy, whose department is overseeing the project, confirming on Tuesday that the first two hubs were in the process of being connected. In an interview...
More
 
 
Latest News
Updated 2 minutes ago Cell C has indicated its plans to challenge the asymmetry rates set within the latest mobile termination rates (MTRs) tabled by the Independent Communications Authority of South Africa (Icasa) this week. Speaking at the MyBroadband conference, in Midrand, on Tuesday,...
Updated 5 minutes ago A recent study by the South African Chamber of Commerce and Industry (Sacci) has shown that the service quality of the South African National Roads Agency Limited’s (Sanral’s) e-toll system was mostly poor regardless of the level of interaction or the user’s...
SARB Deputy Governor Lesetja Kganyago
Updated 16 minutes ago South Africa's central bank has little policy room to boost demand in the economy and it should keep its focus on taming inflation, Deputy Governor Lesetja Kganyago said on Tuesday. Likely interest rate increases in the US would require corresponding policy shifts in...
More
 
 
Recent Research Reports
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.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
The South African new vehicle market is likely to reach around 630 000 units in 2014, down from the 650 000 units recorded in 2013, says Toyota South Africa Motors (TSAM) president and CEO Dr Johan van Zyl. Van Zyl is also president of the National Association of...
Efforts by the Kenya government to increase energy generation by 5 000 MW over the next three years received a major boost following the award of a $2-billion contract to build a coal power plant in Lamu.  Despite allegations of irregular tendering process, the...
Using crafty wordplay on a well-known Internet meme, brilliant South African-born US entrepreneur and businessperson Elon Musk announced that Tesla Motors would not initiate patent lawsuits against anyone who, in good faith, wanted to use its technology. Instead,...
August new vehicle sales declined by 1.4%, to 55 722 units, compared with the same month last year. Assisted by the car rental market, the South African new passenger car market, at 37 953 units, contracted by 1 047 units, or 2.7%, compared with August last year.
With South Africans facing the challenge of reducing electricity consumption, the biennial Eskom Energy Efficient Lighting Design Competition, to encourage the integration of energy efficient lighting in architectural, engineering and interior design, received a...
 
 
 
 
 
 
 
 
 
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