Jens Montananas Datatec stake has surged 28.12 million in two months, fueled by a 27.96 rise in the companys share price.
Datatecs strong H1 earnings net profit up 91.75 to 30.2 million boost investor confidence in South African tech stocks.
Year-to-date, Datatec shares are up 22.34, outperforming many local and global players, attracting growth-focused investors.
South African tech mogul Jens Montanana, founder and CEO of Datatec Limited, has seen his wealth grow by over 28 million in recent weeks, thanks to a steady rise in share price. This increase highlights investor confidence and reflects Africas fast-growing digital transformation.
Montanana, who owns 17.16 percent of Datatec, equivalent to 38.6 million shares, has seen the value of his stake climb from R1.84 billion 100.6 million to R2.35 billion 128.7 million over the past two months.
This 28.1 million gain demonstrates the rising institutional interest in Johannesburg Stock Exchange JSE-listed technology companies with a global presence. The sustained increase in Montananas stake follows an earlier gain of 5.32 million between Jan. 16 and Feb. 1, when his holdings grew from 93.8 million to 99.1 million.
Datatec stock jumps 28 percent on ICT demandFounded by Montanana, Datatec is a global leader in the information and communications technology ICT sector, with operations in North America, Europe, and emerging markets. Its focus on digital infrastructure, cybersecurity, and enterprise networking has positioned the company to benefit from the growing demand for connectivity and cloud services.
Datatecs stock has risen 27.96 percent in the past 73 days, from R47.68 2.61 on Feb. 28 to R61.01 3.34 at the time of drafting this report, boosting its market capitalization to over 770 million. This surge places Datatec among the top performers in Africas ICT sector.