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 Ensure your family doesn’t feel the impact of your retrenchment
Retrenchment doesn’t only change the way you view yourself; it also alters the relationship between you and your family. Things can go from good to bad within a short space of time. But you can do something to prevent your family from feeling the impact of retrenchment.
Someone got injured on my property – now what?
Life is unpredictable and no matter how careful we are, accidents happen. But what if someone has an accident while visiting your house? Your guest could fall off the stairs, slip on the floor or get bitten by your dog.
Are you ready for a house upgrade?
You moved into your home knowing one day you would need to make some changes to turn it into your dream home - add a new bedroom, a second bathroom, build a double storey or even move out.
How income protection can help you when you’re sick
Your greatest asset is probably your ability to earn an income, which provides a certain lifestyle and the capacity to take care of your dependants. That’s why it’s so important to protect your income against unforeseen illness or injury and to provide for your dependents after your death.
Baby Boom Toy Specials
Price: Available on request
Readers’ Warehouse Book Bundle Deals
Price: From R40
When: While stocks last
Bidorbuy Crazy Wednesdays
Price: From R1