There has been recent progress in a class action lawsuit against IBM claiming that the company misled investors regarding its expected financial results and the anticipated size of its stock-option expense in 2005. The transformers ordered by Eskom will be designed and manufactured in their totality at Powertech’s manufacturing facility in Pretoria West.įrom left to right: Vule Nemukula, general manager of Eskom Procurement and supply chain management Leon Viljoen, CEO of Powertech Transformers Bernard Meyer, engineering manager of Powertech Transformers The indicative value of the contract stands at R1,366 billion and significantly enhances the alliance partnership with Eskom. Powertech Transformers has signed a contract with Eskom for the supply of transformers across a range of sizes up to 400 kV. It has set up a depot specifically for this purpose, which it will man permanently based at the Air Force’s Mobile Deployment Wing in Pretoria. Tellumat’s role will entail handling mainly depot-based repairs. The deal follows on a similar contract to maintain and support SAAF’s Umlindi long-range air defence radar systems. Tellumat Defence has been awarded a five-year R24 million contract by Armscor to support and maintain the airfield radar approach systems (AFRAS) at various South African Air Force (SAAF) bases around the country. This project is aimed at assisting people that were displaced by the xenophobic violence in South Africa. The Altron group, through its principal subsidiaries, Altech, Bytes and Powertech, has donated food and supplies as well as cash worth R200 000 to the Star’s Operation Reach Out. Local users are welcome to enter both competitions. The winner of each competition will win a Fluke 289 DMM. The competition is being held to coincide with a similar, international competition being held by Fluke. Comtest is celebrating Fluke’s 60th birthday by holding a competition to find the oldest functioning Fluke digital multimeter in South Africa.