Datatec CEO Jens Montanana has reset the floor and ceiling on a 2.4-million-share collar as the company’s share price surges.
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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.
Datatec CEO Jens Montanana believes there are still opportunities to unlock significant value for the group’s shareholders.
Datatec has cut its dividend after reporting a decline in profit for the 2024 financial year.
Roux Marnitz, Bill Venter, Alan Knott-Craig and Jens Montanana are in the spotlight in episode 2 of TCS Legends.