We are dedicated to upholding the highest standards of corporate governance, ethics and integrity. These are foundational elements we consider essential for generating value for all stakeholders. Our commitment involves deeply embedding the principles of robust corporate governance across our organisation, ensuring our business practices are conducted with the highest ethical standards.

Board composition and responsibilities

Altron is governed by a Board of 11 directors, of which five are independent non-executives.

The Board's primary responsibilities are to:

  • Approve the Company's strategy and oversee its execution.
  • Oversee the Company's financial and operational management and performance.
  • Ensure the Company's policy landscape provides appropriate guidance in an ever-changing context.
  • Make high-level strategic decisions on new matters brought to its attention.

Stewart van Graan

Chairman of the Board, Independent Non-Executive Director

Stewart joined Altron's Board in 2017 and assumed the Chairmanship in 2021.

He chairs the Nomination Committee and is a member of the Investment Committee. Stewart advises the South African Revenue Services and clearly understands our vision of technology's role in sustainable growth, as he previously held leadership roles at Dell, including managing director in South Africa and general manager for Africa.

His tenure at Dell culminated as vice president for the Enterprise Solutions business in EMEA Emerging Markets.

Before Dell, he spent 23 years at IBM in various roles globally. Stewart's advisory roles extend to the University of Stellenbosch Business School and the Christel House school.

His board memberships include Old Mutual Limited and Interfront. He holds a BCom (Hons) in Information Systems and a Programme for Management Development from the University of Cape Town.

Antony Ball

Non-Executive Director

Antony has been sharing his deep expertise with the Remuneration and Nomination committees on the Altron Board since 2017.

As co-founder of Brait (1990), South Africa's premier private equity business, Antony played a vital role in building and growing the company.

In 2013, he transitioned to a non-executive position at Brait and exited because of governance commitments. In 2016, he co-founded Value Capital Partners, an engaged shareholder investment management firm currently an investor in Altron.

Antony holds a BCom Honours from the University of Cape Town and an MPhil in Management Studies from the University of Oxford.

Alupheli Sithebe

Independent Non-Executive Director

Alupheli joined the Altron Board in 2021 and guides us as a member of the Audit and Risk and Social, Ethics and Sustainability committees.

But it's not just Altron that Alupheli guides – she is also the founder and managing director of Kamva Investments (Pty) Ltd.

She has held senior roles as a private markets investment professional at the Industrial Development Corporation and African Phoenix Investment Limited, where she was principal until 2020. Alupheli began her career with EY Johannesburg, where she completed her training to qualify as a chartered accountant. She also holds board memberships in Dis-Chem Pharmacies Limited and Metair Investments Limited.

Alupheli holds a BCom in Accounting from Rand Afrikaans University, a BCom Acc Honours from Unisa, and an MBA from the Gordon Institute of Business Science.

Brett Dawson

Non-executive director of Altron

Brett has been a member of the Altron Board since 2017, and his keen insight and expertise make him an essential part of our Investment Committee.

He also offers invaluable insights based on his experience in several senior positions within Dimension Data, including 12 years as chief executive officer (2004 – 2016).

Brett has also held senior positions at Dimension Data North America and Internet Solutions. He holds a BAcc and a BCom from Wits University and is a qualified chartered accountant.

Carel Snyman

Executive Director – Chief Financial Officer

Having joined the Altron Board in June 2023, Carel Snyman brings a wealth of enterprise-level financial experience to the leadership team and is integral in helping Altron achieve its growth ambitions.

Carel's 20 years of experience includes his role as Chief Financial Officer at Naspers, MultiChoice Africa and, most recently, as the Chief Financial Officer at Aztomix Proprietary Limited, a company he co-founded.

Holding a BCom in Accounting from the University of Cape Town and a BCom in Accounting Honours from the University of KwaZulu Natal, Carel is also a qualified chartered accountant.

Dr Phumla Mnganga

Independent Non-Executive Director

Phumla joined the Altron Board in 2017, and her unique skillset and passion for corporate citizenship eventually led her to be Chairperson of the Remuneration Committee and a member of the Nomination Committee.

With Phumla in a leadership position, Altron benefits from her more than 20 years of experience in implementing business development strategies.

She is the founder and Managing Director of Lehumo Women's Investment Holdings, and her experience includes being Chairperson of the University of KwaZulu-Natal and the past Chairperson of the Siyazisiza Trust.

She obtained her doctorate from Wits Business School and her Master of Business Leadership from Unisa.

However, her accolades don't stop there, Phumla has a Doctor of Philosophy (Wits Business School), a Master's in Business Leadership (Unisa); a Programme in Business Leadership (Unisa) a Bachelor of Education Psychology (University of KwaZulu-Natal), a Higher Diploma in Educational Guidance and Counselling (University of KwaZulu-Natal) and a Bachelor of Arts majoring in English and Psychology (University of KwaZulu-Natal

Grant Gelink

Independent Non-Executive Director

Grant joined the Altron Board in July 2012 and is now the Chairman of the Audit and Risk Committee and a member of the Nomination Committee.

Grant brings extensive experience from his time at Deloitte, spanning over 26 years, including positions of Chief Executive, Chief Executive Human Capital Corporation, Head of Consulting and Advisory Services, Partner-in-Charge (Pretoria office), National Head of Public Sector, and Partner.

Grant's current board memberships include FirstRand Limited, Grindrod Limited, MTN Zakhele Futhi Limited and the Vumelana Advisory Fund.

He holds a BCom from the University of North Dakota, a BCom Honours and BCompt Honours from Unisa, and is a qualified chartered accountant.

Robbie Venter

Non-executive director of Altron

Robert joined the Altron Board in 1997 and now holds positions on the Nomination, Remuneration, and Investment committees.

We are also pleased to have Robert as a Social, Ethics, and Sustainability Committee member to drive our digital transformation and impact across South Africa.

Robert brings extensive senior management experience, including 27 years at the Altron Group. Before this, he worked in merchant banking in the United States, during which time he was a vice president of Bear Stearns and Co. Inc.

He holds a BA in Economics from the University of California, Los Angeles (UCLA) and an MBA from UCLA, for which he made the Dean's List.

Sharoda Rapeti

Independent Non-Executive Director

Sharoda joined the Altron Board in 2021, and we are fortunate to have her as our Chairperson of the Social, Ethics, and Sustainability Committee and a member of the Audit, Risk, and Remuneration committees.

She brings over 30 years of leadership experience in several sectors, including technology, media, telecommunications (TMT), and financial services.

She is currently an Industry Advisory Board Member at Delta Partners, and before joining Delta Partners, she was a Director at Deloitte Africa.

Sharona was formerly the Vice President of the Engineering Council of South Africa and was a Non-Executive Director on the boards of Mercantile Bank and Cartrack Holdings Limited.

She holds a Higher National Diploma in Electrical Engineering from the Durban University of Technology and an MBA (cum laude) from the University of Wales.

Tapiwa Ngara

Non-Executive Director

Tapiwa joined the Altron Board in 2023, and we are excited to have him bring invaluable investment expertise to the position of Chairman of the Investment Committee.

He is an experienced investment banker and corporate finance professional with over 10 years of experience across public and private markets, including several years in Goldman Sachs' EMEA Investment Banking Division in London, executing cross-border mergers, among other specialities.

Tapiwa is currently an investment director at Value Capital Partners and Sun International Limited's Non-Executive Director. He holds a Bachelor of Business Science (Finance) from the University of Cape Town, an MBA with Distinction from London Business School and is a qualified chartered accountant.

Werner Kapp

Group Chief Executive

Werner Kapp is a globally recognised leader in digital transformation and is passionate about technology's role in driving economic and social growth.

Before joining Altron, Werner was CEO of Dimension Data Middle East and Africa. During his 22 years there, he served in various roles, from leading high-performing regions to steering the growth ambitions of Dimension Data's parent company, NTT.

But for Werner, being CEO of the Altron Group is about more than just leading South Africa's original technology brand; it's about demonstrating true corporate citizenship. It's also why he is a member of Altron's Social, Ethics and Sustainability Committee.

Werner holds a law degree from the Nelson Mandela Metropolitan University, a master's degree in business leadership from the Unisa School of Business and a global leadership development certification from the IMD Business School in Lausanne, Switzerland.

Board competencies

Our Board members collectively bring a strong blend of financial, business management and ICT skills to their roles as overseers of Altron's strategic path. Together with the Group Chief Executive's background as a leader in South Africa's ICT sector, the Board embodies the skills and experience needed to drive Altron's future growth.

Resignations and appointments

Directors are appointed via a transparent, formal procedure in line with the terms of reference of the Nomination Committee and the Board Charter. A potential director's qualifications, experience, availability, number of other Board appointments and what they contribute to the diversity of the Board are among the issues considered in the selection process. The Board votes on the reappointment of the Chairperson every year. Regarding the Company's memorandum of incorporation, one-third of our Directors are required to retire by rotation at each annual general meeting. They may choose to stand for re-election. Shareholders are also asked to decide on the re-election of non-executive directors who have served on the Board for nine or more years, as well as those who are 70 years or older.

Board demographics

Altron's Board Diversity policy outlines the Board's race and gender diversity targets.

28 Feb 2023: Breakdown of Board by race and gender (South African citizens only)

28 Feb 2023: Age distribution of Board members (South African citizens only)

The Audit and Risk Management Committee is responsible for monitoring the overall risk management framework, the financial reporting processes, the compliance processes, the performance of auditors and overseeing the audit program.

Grant Gelink

Independent Non-Executive Director

Grant joined the Altron Board in July 2012 and is now the Chairman of the Audit and Risk Committee and a member of the Nomination Committee.

Grant brings extensive experience from his time at Deloitte, spanning over 26 years, including positions of Chief Executive, Chief Executive Human Capital Corporation, Head of Consulting and Advisory Services, Partner-in-Charge (Pretoria office), National Head of Public Sector, and Partner.

Grant's current board memberships include FirstRand Limited, Grindrod Limited, MTN Zakhele Futhi Limited and the Vumelana Advisory Fund.

He holds a BCom from the University of North Dakota, a BCom Honours and BCompt Honours from Unisa, and is a qualified chartered accountant.

Alupheli Sithebe

Independent Non-Executive Director

Alupheli joined the Altron Board in 2021 and guides us as a member of the Audit and Risk and Social, Ethics and Sustainability committees.

But it's not just Altron that Alupheli guides – she is also the founder and managing director of Kamva Investments (Pty) Ltd.

She has held senior roles as a private markets investment professional at the Industrial Development Corporation and African Phoenix Investment Limited, where she was principal until 2020. Alupheli began her career with EY Johannesburg, where she completed her training to qualify as a chartered accountant. She also holds board memberships in Dis-Chem Pharmacies Limited and Metair Investments Limited.

Alupheli holds a BCom in Accounting from Rand Afrikaans University, a BCom Acc Honours from Unisa, and an MBA from the Gordon Institute of Business Science.

Sharoda Rapeti

Independent Non-Executive Director

Sharoda joined the Altron Board in 2021, and we are fortunate to have her as our Chairperson of the Social, Ethics, and Sustainability Committee and a member of the Audit, Risk, and Remuneration committees.

She brings over 30 years of leadership experience in several sectors, including technology, media, telecommunications (TMT), and financial services.

She is currently an Industry Advisory Board Member at Delta Partners, and before joining Delta Partners, she was a Director at Deloitte Africa.

Sharona was formerly the Vice President of the Engineering Council of South Africa and was a Non-Executive Director on the boards of Mercantile Bank and Cartrack Holdings Limited.

She holds a Higher National Diploma in Electrical Engineering from the Durban University of Technology and an MBA (cum laude) from the University of Wales.

The RemCo is responsible for developing policy and structure for remuneration of directors and senior management and establishment of a formal and transparent procedure for developing this policy. This committee enables the Board to effectively discharge its duties in relation to the Group's delegated remuneration functions and powers following clear terms of reference.

Dr Phumla Mnganga

Independent Non-Executive Director

Phumla joined the Altron Board in 2017, and her unique skillset and passion for corporate citizenship eventually led her to be Chairperson of the Remuneration Committee and a member of the Nomination Committee.

With Phumla in a leadership position, Altron benefits from her more than 20 years of experience in implementing business development strategies.

She is the founder and Managing Director of Lehumo Women's Investment Holdings, and her experience includes being Chairperson of the University of KwaZulu-Natal and the past Chairperson of the Siyazisiza Trust.

She obtained her doctorate from Wits Business School and her Master of Business Leadership from Unisa.

However, her accolades don't stop there, Phumla has a Doctor of Philosophy (Wits Business School), a Master's in Business Leadership (Unisa); a Programme in Business Leadership (Unisa) a Bachelor of Education Psychology (University of KwaZulu-Natal), a Higher Diploma in Educational Guidance and Counselling (University of KwaZulu-Natal) and a Bachelor of Arts majoring in English and Psychology (University of KwaZulu-Natal

Sharoda Rapeti

Independent Non-Executive Director

Sharoda joined the Altron Board in 2021, and we are fortunate to have her as our Chairperson of the Social, Ethics, and Sustainability Committee and a member of the Audit, Risk, and Remuneration committees.

She brings over 30 years of leadership experience in several sectors, including technology, media, telecommunications (TMT), and financial services.

She is currently an Industry Advisory Board Member at Delta Partners, and before joining Delta Partners, she was a Director at Deloitte Africa.

Sharona was formerly the Vice President of the Engineering Council of South Africa and was a Non-Executive Director on the boards of Mercantile Bank and Cartrack Holdings Limited.

She holds a Higher National Diploma in Electrical Engineering from the Durban University of Technology and an MBA (cum laude) from the University of Wales.

Antony Ball

Non-Executive Director

Antony has been sharing his deep expertise with the Remuneration and Nomination committees on the Altron Board since 2017.

As co-founder of Brait (1990), South Africa's premier private equity business, Antony played a vital role in building and growing the company.

In 2013, he transitioned to a non-executive position at Brait and exited because of governance commitments. In 2016, he co-founded Value Capital Partners, an engaged shareholder investment management firm currently an investor in Altron.

Antony holds a BCom Honours from the University of Cape Town and an MPhil in Management Studies from the University of Oxford.

Robbie Venter

Non-executive director of Altron

Robert joined the Altron Board in 1997 and now holds positions on the Nomination, Remuneration, and Investment committees.

We are also pleased to have Robert as a Social, Ethics, and Sustainability Committee member to drive our digital transformation and impact across South Africa.

Robert brings extensive senior management experience, including 27 years at the Altron Group. Before this, he worked in merchant banking in the United States, during which time he was a vice president of Bear Stearns and Co. Inc.

He holds a BA in Economics from the University of California, Los Angeles (UCLA) and an MBA from UCLA, for which he made the Dean's List.

The SESCom is responsible for oversight of and reporting on organisational ethics, responsible corporate citizenship, sustainable development and stakeholder relationships.

Sharoda Rapeti

Independent Non-Executive Director

Sharoda joined the Altron Board in 2021, and we are fortunate to have her as our Chairperson of the Social, Ethics, and Sustainability Committee and a member of the Audit, Risk, and Remuneration committees.

She brings over 30 years of leadership experience in several sectors, including technology, media, telecommunications (TMT), and financial services.

She is currently an Industry Advisory Board Member at Delta Partners, and before joining Delta Partners, she was a Director at Deloitte Africa.

Sharona was formerly the Vice President of the Engineering Council of South Africa and was a Non-Executive Director on the boards of Mercantile Bank and Cartrack Holdings Limited.

She holds a Higher National Diploma in Electrical Engineering from the Durban University of Technology and an MBA (cum laude) from the University of Wales.

Alupheli Sithebe

Independent Non-Executive Director

Alupheli joined the Altron Board in 2021 and guides us as a member of the Audit and Risk and Social, Ethics and Sustainability committees.

But it's not just Altron that Alupheli guides – she is also the founder and managing director of Kamva Investments (Pty) Ltd.

She has held senior roles as a private markets investment professional at the Industrial Development Corporation and African Phoenix Investment Limited, where she was principal until 2020. Alupheli began her career with EY Johannesburg, where she completed her training to qualify as a chartered accountant. She also holds board memberships in Dis-Chem Pharmacies Limited and Metair Investments Limited.

Alupheli holds a BCom in Accounting from Rand Afrikaans University, a BCom Acc Honours from Unisa, and an MBA from the Gordon Institute of Business Science.

Robbie Venter

Non-executive director of Altron

Robert joined the Altron Board in 1997 and now holds positions on the Nomination, Remuneration, and Investment committees.

We are also pleased to have Robert as a Social, Ethics, and Sustainability Committee member to drive our digital transformation and impact across South Africa.

Robert brings extensive senior management experience, including 27 years at the Altron Group. Before this, he worked in merchant banking in the United States, during which time he was a vice president of Bear Stearns and Co. Inc.

He holds a BA in Economics from the University of California, Los Angeles (UCLA) and an MBA from UCLA, for which he made the Dean's List.

Werner Kapp

Group Chief Executive

Werner Kapp is a globally recognised leader in digital transformation and is passionate about technology's role in driving economic and social growth.

Before joining Altron, Werner was CEO of Dimension Data Middle East and Africa. During his 22 years there, he served in various roles, from leading high-performing regions to steering the growth ambitions of Dimension Data's parent company, NTT.

But for Werner, being CEO of the Altron Group is about more than just leading South Africa's original technology brand; it's about demonstrating true corporate citizenship. It's also why he is a member of Altron's Social, Ethics and Sustainability Committee.

Werner holds a law degree from the Nelson Mandela Metropolitan University, a master's degree in business leadership from the Unisa School of Business and a global leadership development certification from the IMD Business School in Lausanne, Switzerland.

The Nomination Committee reviews the composition of the Board, including skills and experience. It identifies the candidates for different director positions while it develops and reviews the corporate governance policies.

Stewart van Graan

Chairman of the Board, Independent Non-Executive Director

Stewart joined Altron's Board in 2017 and assumed the Chairmanship in 2021.

He chairs the Nomination Committee and is a member of the Investment Committee. Stewart advises the South African Revenue Services and clearly understands our vision of technology's role in sustainable growth, as he previously held leadership roles at Dell, including managing director in South Africa and general manager for Africa.

His tenure at Dell culminated as vice president for the Enterprise Solutions business in EMEA Emerging Markets.

Before Dell, he spent 23 years at IBM in various roles globally. Stewart's advisory roles extend to the University of Stellenbosch Business School and the Christel House school.

His board memberships include Old Mutual Limited and Interfront. He holds a BCom (Hons) in Information Systems and a Programme for Management Development from the University of Cape Town.

Dr Phumla Mnganga

Independent Non-Executive Director

Phumla joined the Altron Board in 2017, and her unique skillset and passion for corporate citizenship eventually led her to be Chairperson of the Remuneration Committee and a member of the Nomination Committee.

With Phumla in a leadership position, Altron benefits from her more than 20 years of experience in implementing business development strategies.

She is the founder and Managing Director of Lehumo Women's Investment Holdings, and her experience includes being Chairperson of the University of KwaZulu-Natal and the past Chairperson of the Siyazisiza Trust.

She obtained her doctorate from Wits Business School and her Master of Business Leadership from Unisa.

However, her accolades don't stop there, Phumla has a Doctor of Philosophy (Wits Business School), a Master's in Business Leadership (Unisa); a Programme in Business Leadership (Unisa) a Bachelor of Education Psychology (University of KwaZulu-Natal), a Higher Diploma in Educational Guidance and Counselling (University of KwaZulu-Natal) and a Bachelor of Arts majoring in English and Psychology (University of KwaZulu-Natal

Grant Gelink

Independent Non-Executive Director

Grant joined the Altron Board in July 2012 and is now the Chairman of the Audit and Risk Committee and a member of the Nomination Committee.

Grant brings extensive experience from his time at Deloitte, spanning over 26 years, including positions of Chief Executive, Chief Executive Human Capital Corporation, Head of Consulting and Advisory Services, Partner-in-Charge (Pretoria office), National Head of Public Sector, and Partner.

Grant's current board memberships include FirstRand Limited, Grindrod Limited, MTN Zakhele Futhi Limited and the Vumelana Advisory Fund.

He holds a BCom from the University of North Dakota, a BCom Honours and BCompt Honours from Unisa, and is a qualified chartered accountant.

Antony Ball

Non-Executive Director

Antony has been sharing his deep expertise with the Remuneration and Nomination committees on the Altron Board since 2017.

As co-founder of Brait (1990), South Africa's premier private equity business, Antony played a vital role in building and growing the company.

In 2013, he transitioned to a non-executive position at Brait and exited because of governance commitments. In 2016, he co-founded Value Capital Partners, an engaged shareholder investment management firm currently an investor in Altron.

Antony holds a BCom Honours from the University of Cape Town and an MPhil in Management Studies from the University of Oxford.

Robbie Venter

Non-executive director of Altron

Robert joined the Altron Board in 1997 and now holds positions on the Nomination, Remuneration, and Investment committees.

We are also pleased to have Robert as a Social, Ethics, and Sustainability Committee member to drive our digital transformation and impact across South Africa.

Robert brings extensive senior management experience, including 27 years at the Altron Group. Before this, he worked in merchant banking in the United States, during which time he was a vice president of Bear Stearns and Co. Inc.

He holds a BA in Economics from the University of California, Los Angeles (UCLA) and an MBA from UCLA, for which he made the Dean's List.

The Investment Committee oversees the company's investments and portfolio of companies in line with the strategic objectives of the company.

Tapiwa Ngara

Non-Executive Director

Tapiwa joined the Altron Board in 2023, and we are excited to have him bring invaluable investment expertise to the position of Chairman of the Investment Committee.

He is an experienced investment banker and corporate finance professional with over 10 years of experience across public and private markets, including several years in Goldman Sachs' EMEA Investment Banking Division in London, executing cross-border mergers, among other specialities.

Tapiwa is currently an investment director at Value Capital Partners and Sun International Limited's Non-Executive Director. He holds a Bachelor of Business Science (Finance) from the University of Cape Town, an MBA with Distinction from London Business School and is a qualified chartered accountant.

Stewart van Graan

Chairman of the Board, Independent Non-Executive Director

Stewart joined Altron's Board in 2017 and assumed the Chairmanship in 2021.

He chairs the Nomination Committee and is a member of the Investment Committee. Stewart advises the South African Revenue Services and clearly understands our vision of technology's role in sustainable growth, as he previously held leadership roles at Dell, including managing director in South Africa and general manager for Africa.

His tenure at Dell culminated as vice president for the Enterprise Solutions business in EMEA Emerging Markets.

Before Dell, he spent 23 years at IBM in various roles globally. Stewart's advisory roles extend to the University of Stellenbosch Business School and the Christel House school.

His board memberships include Old Mutual Limited and Interfront. He holds a BCom (Hons) in Information Systems and a Programme for Management Development from the University of Cape Town.

Brett Dawson

Non-executive director of Altron

Brett has been a member of the Altron Board since 2017, and his keen insight and expertise make him an essential part of our Investment Committee.

He also offers invaluable insights based on his experience in several senior positions within Dimension Data, including 12 years as chief executive officer (2004 – 2016).

Brett has also held senior positions at Dimension Data North America and Internet Solutions. He holds a BAcc and a BCom from Wits University and is a qualified chartered accountant.

Robbie Venter

Non-executive director of Altron

Robert joined the Altron Board in 1997 and now holds positions on the Nomination, Remuneration, and Investment committees.

We are also pleased to have Robert as a Social, Ethics, and Sustainability Committee member to drive our digital transformation and impact across South Africa.

Robert brings extensive senior management experience, including 27 years at the Altron Group. Before this, he worked in merchant banking in the United States, during which time he was a vice president of Bear Stearns and Co. Inc.

He holds a BA in Economics from the University of California, Los Angeles (UCLA) and an MBA from UCLA, for which he made the Dean's List.

Altron’s Board of Directors recognises the role of good governance in shaping a business that is ethical and sustainable. Through the diligent implementation of King IV principles, we aim to foster trust, drive long-term value creation and contribute to the overall wellbeing of society.

A thorough and comprehensive review is conducted annually relating to each principle and underlying recommended practice under King IV. In terms of the JSE Listings Requirements, we are required to report against the application of the King IV principles.

Our King IV Application Register serves as a comprehensive record of our efforts to uphold the highest standards of governance, while outlining the key initiatives we have undertaken in pursuit of excellence.

King Application report

The Company Secretary holds a critical position in maintaining the integrity of Altron's governance framework, ensuring a seamless flow of communication on all matters of statutory and governance importance.

The Company Secretary reports to the Board on all statutory and governance matters, and to the Group Chief Executive on all other duties. Directors have unlimited access to the advice and services of the Company Secretary, who is responsible for guiding the Board in discharging its regulatory responsibilities. The Company Secretary ensures that, in accordance with the pertinent laws, the proceedings and affairs of the Board, Altron, and where appropriate, shareholders, are properly administered. The Company Secretary monitors directors’ dealings in securities and ensures adherence to closed periods.

Additionally, the Company Secretary is instrumental in organising and attending all Board and committee meetings, ensuring that governance practices align with the King IV Report on Corporate Governance. In accordance with King IV, the performance and independence of the Company Secretary are evaluated annually, underscoring Altron’s commitment to maintaining the highest standards of governance.

For any statutory inquiries or declarations, please direct your communications to the Company Secretary: Mbali Ngcobo

Email: company.secretary@altron.com

Code of ethics:

The Code of ethics acts as a guide in our day-to-day decision making. It contains aspirational ethical guidelines for everyday events that occur throughout the Altron Group and should be read in conjunction with the Altron Group Code of Conduct and applicable Altron Group policies. Our ethical standards as Altron reflect values enshrined in internationally recognised laws and regulations, including the South African Constitution and it informs the culture of our whole organisation.

Legal ethics awareness

Fraud and Corruption Prevention Policy

Altron is committed to high ethical, moral and legal standards that include accountability, transparency and integrity. The Fraud and Corruption Prevention Policy is intended to address fraud, corruption and other economic crime committed by any employee, business partner or stakeholder either directly or indirectly against Altron, as well as the reporting mechanisms available to support these standards.

Fraud and corruption prevention policy

Ethics line policy (Whistleblowing policy)

At Altron we are proud of our history, our products, brands and our people. We are committed to building value for our shareholders, and we aim to always be held in the highest regard by our customers, suppliers, our regulators and all our stakeholders. We are dedicated to protecting and upholding our reputation as an ethical and responsible corporate citizen – focused on doing good business while doing good. We are all ambassadors of our values and we are committed to ensuring our business practices are ethical, legal, commercially sound and unless subject to confidentiality, open. We are respectful of, and compliant with, the laws and regulations in all parts of the world in which we operate and our reputation is at the core of everything that we do. Our suite of Ethics policies and codes sets our expectations – of each other, our business partners, and anyone who works with or for us. In line with this commitment, we expect employees, our business partners and any other third parties who have any concerns about any aspect of Altron’s work to report these concerns through appropriate channels provided by Altron without any concerns or fear of victimisation or fear of occupational detriment. It is recognised that wherever practical, and subject to any legal constraints, matters reported will proceed on a confidential basis.

Ethics line policy