Altech Node to be taken off the market
Robert Venter, chief executive officer of Altron, explained: “Unfavourable conditions such as the current economic environment which is putting pressure on the consumer and increased competition in the video-on-demand (VOD) environment have necessitated us to make the difficult decision to close the Altech Node business.”
The company said that from 31 October 2015, all Altech Node services will be suspended, and subscribers will be refunded R1 999 per Altech Node device. “Refunds will be processed through the normal payment mechanism presented by the customer (i.e. directly paid into a credit card or digital wallet) during November 2015,” explained Altron.
“We overestimated the readiness of the South African market for such a pioneering service, combining both VOD and smart home services. The technology in the Altech Node is highly innovative and world class and will continue to be owned by Altron,” added Venter.
Altech Node could also be feeling the pressure from competitors entering the market. As they make an exit Naspers enters with a new video on demand service (ShowMax) in South Africa. In addition Netflix will be coming to South Africa in 2016.
Featured Fuel rewards programme – how to fill up on petrol and points
South Africa’s volatile economy has often meant that factors like the fuel price bear the brunt. This year alone the country’s fuel price has fluctuated by between R1.50 to almost R3, which has put increasing pressure on motorists. That said, many of the bigger South African brands have provided some relief by way of fuel rewards programmes.
Are you entitled to your spouse’s pension after divorce?
Divorce means more than just parting ways with your partner. It may also involve parting ways with your assets. The Divorce Act states that your retirement fund forms part of your assets. This means that it will be considered when dividing up your assets.
Retrenched – which payments are you entitled to?
In the current struggling economic climate, retrenchments are a regular occurrence and not everyone survives the cut. If you find yourself on the receiving end of retrenchment you may have questions about the payments that are due to you.
Do you want to settle your debt?
You may be considering settling your credit account, whether it’s a credit card or various store accounts, now may be as good a time as any. This especially if you have saved, or you received a tax return or salary bonus.
Builders Black Friday Special
When: Until 29 November 2019
Café Rousse Monday Special
Price: Available on request
Skye Bar Mojito Special
When: Until 31 December 2019