Jens Montananas stake in Datatec surged over 28 million in 17 days, reflecting growing investor confidence in Africas digital transformation.
Datatec stock has jumped 27.29 year-to-date, outpacing the JSE All Share Index and boosting its market cap to over 850 million.
A 100,000 investment in Datatec on Jan. 1 is now worth 127,290, underscoring strong returns amid rising demand for digital infrastructure.
South African tech tycoon Jens Montanana, the founder and CEO of Datatec Limited, has seen the value of his stake in the global ICT group grow by more than 28 million in just over two weeks. The jump comes as investors continue to show strong interest in the company, reflecting growing optimism around Africas expanding digital landscape.
Montanana owns 37,005,480 shares in Datatec, representing a 16.12-percent stake, which have risen in value from R2.26 billion 127.52 million to R2.35 billion 132.36 million over the past 17 days. This latest increase follows a 18.6 million gain he recorded between late February and mid-May, underscoring continued investor confidence in the companys prospects.
Stock performance and market cap surgeDatatec, founded by Jens Montanana, has built a solid reputation as a key player in the global information and communications technology ICT industry. With a presence in North America, Europe, and several emerging markets, the company focuses on areas like digital infrastructure, cybersecurity, and enterprise networking, sectors that continue to see rising demand as businesses expand their use of cloud services and connected technologies.
In recent weeks, Datatecs share price has risen from R61.16 3.45 on May 23 to R63.48 3.58, offering gains to long-term investors. The stocks 27.29 percent increase since the beginning of the year highlights growing investor confidence, even against a backdrop of global economic uncertainty. That upward movement has also lifted the companys market capitalization to over 850 million, putting it ahead of many other South African tech firms.
Your money and your lifeDatatec shares have climbed 27.29 percent since the start of the year, beating the broader JSE All Share Index and rewarding long-term investors with solid gains. An investment of 100,000 in the company on Jan. 1 would now be worth 127,290, up 27,290 in under six months.