South African tycoon Jens Montanana’s stake in Datatec nears $100 million

Key Points

• Jens Montanana's 16.12% stake in Datatec has grown by $5.32 million, nearing the $100 million mark amid strong stock gains.
• Datatec’s shares gained 5.67% in two weeks, lifting its market capitalization past $620 million and rewarding investors with steady growth.
• Datatec's net profit surged 91.75% to $30.2 million in H1 2025, despite a 5.45% drop in revenue to $2.61 billion.

Building on the strong gains from 2024 and the early progress in 2025, South African tech mogul Jens Montanana has seen the value of his stake in Datatec, a leading multinational technology group based in Johannesburg, approach the $100 million mark.

Montanana, who owns 16.12 percent of Datatec, or 37,005,480 shares, has seen his investment grow by $5.32 million, bringing his stake closer to the $100 million threshold. This increase solidifies his standing as one of South Africa’s top investors.

This rise in value follows a significant $18.6 million gain earlier in 2024, with Montanana’s stake increasing from R1.5 billion ($80.4 million) on Jan. 1, 2024 to R1.85 billion ($98.99 million) Dec. 1, 2024, driven by investor confidence in Datatec.

Stock gains lift Datatec’s market capitalization

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

The company's recent financial results reveal a 91.75 percent increase in net profit, which surged to $30.2 million for the first half of its 2025 fiscal year. This strong performance stands out, especially considering the 5.45 percent drop in revenue, which fell to $2.61 billion. It’s a clear reflection of Datatec’s ability to navigate tough market conditions and remain profitable.

In the last two weeks, Datatec’s stock has gained 5.67 percent, rising from R47.23 ($2.53) on Jan. 16 to R49.91 ($2.68). This has lifted the company’s market capitalization above $620 million, rewarding investors and solidifying Datatec’s spot in the tech industry.

Montanana’s stake grows by $5.32 million

For Montanana, the boost in Datatec’s stock has resulted in a $5.32 million jump in his stake, raising the market value of his stake from R1.75 billion ($93.76 million) to R1.85 billion ($99.08 million). This solidifies his place as one of the wealthiest investors on the Johannesburg Stock Exchange and cements his position among South Africa’s financial elite.