New owner for Bytes Technology

!Gawaxab’s Eljoto buys in

12 September 2019 | Business

Altron Rest of Africa (Altron ROA), a division of JSE-listed technology company Altron, announced the sale of a minority stake in its subsidiary, Bytes Technology Group Namibia (BTG Namibia), to Eljota Investment Managers. In this light, BTG Namibia will be rebranding to Altron Namibia soon.
A black-owned Namibian licensed and authorised asset management company, Eljota is led by Founder and Principal Johannes !Gawaxab, who is a former managing director of Old Mutual Namibia and Old Mutual Africa.
Ike Dube, Managing Director of Altron ROA lauded Eljota's local insight, saying: “They have a track record of growing businesses within the context of a multi-national corporation, and this is one of the key reasons for the partnership. He added that Altron was also looking forward to the contribution of !Gawaxab on the board of BTG Namibia.
“Eljota bought into the Altron family for the depth and breadth of its solutions, together with strong partnerships with globally-renowned manufacturers and software vendors in key growth areas such as Cloud Services, Data Analytics, Smart IoT, and Security,” !Gawaxab said.
BTG Namibia, led by Managing Director JC Kruger, is a market leader in the supply, installation, and maintenance of technology solutions including office automation solutions, managed print services, ATMs, point-of-sale infrastructure and related software solutions to players in the banking, retail and commercial sectors of Namibia.
Kruger said the transaction represented a new dawn for BTG Namibia. “Together with Eljota and Altron, we are embarking on an exciting growth strategy underpinned by expansion of the local offering to include more of Altron’s products and solutions in Namibia,” Kruger said.
“As part of the Altron family, Eljota and BTG Namibia are positioned to deliver significant societal impact by promoting the active involvement of Namibians in the transformative and inclusive growth of our local economy,” !Gawaxab concluded.

Similar News

 

Lewcor buys Elizabeth Bay Mine

2 days ago - 12 September 2019 | Business

Namdeb today announced that it sold its Elizabeth Bay Mine and associated marine assets as a going concern to a member of the Lewcor Group,...

The world is your (shopping) oyster

3 days ago - 11 September 2019 | Business

After introducing the DHL Africa eShop app in April this year, it is now also available in Namibia.Since its launch, the app has seen its...

Forming long-term business partnerships

4 days ago - 11 September 2019 | Business

Pupkewitz Hino delivered 16 brand new Hino 300 series trucks and a Hino 500 series truck, all with specialised bodies, to Namib Mills in August.The...

New faces at Capricorn

6 days ago - 09 September 2019 | Business

Twenty new employees joined the ranks at the Capricorn Group this month. They were welcomed by the Capricorn Group Executive Management Team (EMT) during a...

For everything weird, wonderful and more

6 days ago - 09 September 2019 | Business

These days the world is your oyster if you’re looking for something weird and wonderful, or something specific. If you’re unsure about getting hold of...

Making dreams a reality

1 week ago - 05 September 2019 | Business

A short drive from the city centre on the airport road, is Droombos – THE venue you’ve been dreaming of to host your special event.With...

No job too big or small

1 week ago - 05 September 2019 | Business

Kruger Cupboards and Woodworks, located in the Prosperita Industrial Area, focuses mainly on cupboards for residential and business premises as well as on other furniture,...

Pest control against termites in Prosperita

1 week ago - 03 September 2019 | Business

Inesfly has carried out several applications against termites in the Prosperita area. The area seems naturally prone to termites and the problem is exacerbated when...

Four amazing reasons to shop at Farm and Ocean

1 week ago - 03 September 2019 | Business

The Farm and Ocean store is a frozen food destination for the public and hospitality buyers looking for a unique variety of products for the...

Don't miss out!

3 weeks ago - 25 August 2019 | Business

The annual Katutura Business Expo opens at the Sam Nujoma stadium in the capital on Friday 30 August.This first of a kind event takes place...

Latest News

Lewcor buys Elizabeth Bay Mine

2 days ago - 12 September 2019 | Business

Namdeb today announced that it sold its Elizabeth Bay Mine and associated marine assets as a going concern to a member of the Lewcor Group,...

New owner for Bytes Technology

2 days ago - 12 September 2019 | Business

Altron Rest of Africa (Altron ROA), a division of JSE-listed technology company Altron, announced the sale of a minority stake in its subsidiary, Bytes Technology...

Hey millennials, listen up!

2 days ago - 12 September 2019 | Economics

About 30 years ago, purchasing property was a no-brainer. However, millennials have been taught to question everything, including whether real estate is the best investment...

This boy is on fire

2 days ago - 12 September 2019 | Sports

Yolanda Nel With two older brothers that are well-known in the spinning community, it is no wonder their younger brother is following in their footsteps....

Going for gold

3 days ago - 12 September 2019 | Banking

Last night, Bank Windhoek launched their Selekt Gold offering with the aim of providing the market with a relevant, holistic financial solution.The Selekt Gold offering...

Barok uit die boonste rakke

3 days ago - 12 September 2019 | Art and Entertainment

’n Orrelkonsert met die musiek van Bach, Handel en Corelli is Vrydag, 27 September in die Christuskirche te hoor, wanneer die Suid-Afrikaanse konsertorrelis en vakkundige...

The world is your (shopping)...

3 days ago - 11 September 2019 | Business

After introducing the DHL Africa eShop app in April this year, it is now also available in Namibia.Since its launch, the app has seen its...

Think pink!

3 days ago - 11 September 2019 | Health

Breast and cervical cancers remain a serious concern in Namibia, with 2 474 cases of breast cancer that have been reported to the National Cancer...

Commemorate together

3 days ago - 11 September 2019 | Health

World Lymphoma Awareness Day is commemorated on 15 September every year and is dedicated to raising awareness of lymphoma, an increasingly common form of cancer....

Load More