Jens Montanana's stake in Datatec jumps by $6 million

Timilehin Adejumobi -
Key Points
  • Jens Montanana's stake in Datatec has increased by $6.45 million in 2024, bringing its total value to $89 million.
  • Datatec’s market capitalization surpasses $570 million, reflecting growing investor confidence in the South African tech firm.
  • Datatec's 7.83% share price increase in 2024 boosts Montanana’s stake value to $88.88 million, reinforcing his market influence.

Jens Montanana, the founder of South African technology company Datatec, has seen the market value of his stake increase by more than $6 million so far in 2024, bringing its total worth to nearly $89 million.

Montanana holds a 16.12 percent share in the company, equating to 37,005,480 shares. Since the beginning of the year, the value of his holdings has surged by R117.31 million ($6.45 million), reflecting the growing investor confidence in one of Africa’s leading tech firms.

Datatec’s market capitalization surpasses $570 million

Datatec, based in South Africa, specializes in delivering information and communication technology (ICT) solutions, including Infrastructure as a Service (IaaS) and Software as a Service (SaaS).

Since the beginning of the year, Datatec's shares have surged by 7.83 percent, rising from R40.50 ($2.23) to R43.67 ($2.4). This rally has driven the company’s market capitalization past $570 million, reflecting growing investor confidence.

Montanana strengthens position with gains

The boost in Datatec’s share price has also increased the market value of Montanana’s stake, which has grown from R1.5 billion ($82.43 million) on Jan. 1 to R1.62 billion ($88.88 million).

This gain further strengthens Montanana’s position as a key investor on the Johannesburg Stock Exchange (JSE) and reinforces his influence in South Africa’s technology sector.

Your Money and Your Life

Datatec shares have risen 7.83 percent so far this year, reflecting strong investor interest and demonstrating the company's resilience amid growing global economic uncertainty.

As a result, a $100,000 investment in the company at the start of the year would now be worth $107,830, providing investors with a gain of $7,830.