
South Africa’s Datatec CEO Jens Montanana lifts stake to $141.8 million
Datatec CEO Jens Montanana has lifted his stake to R2.5 billion ($141.8 million), signaling confidence in the South African ICT group.
Datatec CEO Jens Montanana has lifted his stake to R2.5 billion ($141.8 million), signaling confidence in the South African ICT group.
Datatec’s revenue dropped nearly 9% to $3.64 billion in FY2025, while net profit rose 36% as the group focused on cost discipline and strategic growth.
The jump comes as investors continue to show strong interest in the company, reflecting growing optimism around Africa’s expanding digital landscape.
This $28.1 million gain demonstrates the rising institutional interest in JSE-listed technology companies with a global presence.
The move cements his position among the company’s top shareholders and reflects confidence in its future.
This solidifies his standing as one of South Africa’s top investors.
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.