Jens Montanana's stake in Datatec jumps by $6 million
Datatec founder Jens Montanana sees $6 million boost, tech company's performance drives investor confidence.
Datatec founder Jens Montanana sees $6 million boost, tech company's performance drives investor confidence.
This growth comes despite a 5.45-percent dip in revenue, which fell to $2.61 billion due to ongoing market challenges and currency fluctuations.
South African tech tycoon, Jens Montanana’s growing stake underscores his influence as a top investor in South Africa’s tech sector.
Jens Montanana also acknowledged the challenges faced by Logicalis Latin America, specifically in Argentina and Brazil, which hampered its financial performance.
This recent dip comes on the heels of previous losses recorded between April 17 and 27, when Montanana’s shares in the company fell by $2.4 million
Montanana’s significant shareholding continues to position him as one of the wealthiest investors on the JSE.
Montanana’s substantial shareholding continues to cement his status as one of the wealthiest investors on the JSE.
Datatec has made a significant stride in expanding its global presence by acquiring Rebura.
Under Jens Montanana’s leadership, Datatec has expanded to more than 50 countries in North America, Latin America, Europe, Africa, the Middle East, and the Asia-Pacific.
Montanana maintains his status as one of the wealthiest investors on the Johannesburg Stock Exchange.
Under the leadership of Montanana, the tech group recorded a comprehensive income of $70.62 million at the end of its 2023 fiscal year.
Montanana owns a 14.06-percent stake in Datatec.
Montanana, who is renowned for his leadership and contributions to the tech industry, founded Datatec in 1986.
As Datatec’s pioneering founder and CEO, Montanana’s indelible impact in the tech realm reverberates globally.