Datatec CEO Jens Montanana says AI has permanently enlarged demand for computing, networking and cybersecurity.
Browsing: Datatec
Datatec shareholders took two-thirds of a R7.05-billion special dividend in new shares instead of cash.
Currency strength is the one thing going right for South African technology buyers. Sadly, it isn’t nearly enough.
Datatec CEO Jens Montanana has reset the floor and ceiling on a 2.4-million-share collar as the company’s share price surges.
General Atlantic is backing Westcon-Comstor as investor and lender, freeing R7.1-billion for a planned special dividend.
Datatec Group’s underlying EPS jumped 35% as enterprise AI and cybersecurity spending lifted earnings significantly.
JSE-listed Datatec expects headline earnings per share to rise more than 50% for the year ended 28 February 2026.
Datatec’s 361% five-year total shareholder return puts it among the best-performing tech stocks on the JSE.
Datatec has more than doubled its interim dividend after reporting a 110% year-on-year jump in headline earnings per share.
AI workloads have fuelled demand for products that businesses in the Datatec group provide, boosting profitability.