South African tech tycoon Jens Montanana loses over $9 million in 10 days from stake in Datatec
Montanana founded Datatec more than 35 years ago.
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Montanana founded Datatec more than 35 years ago.
Datatec is a South African ICT services provider.
The transaction is part of a concerted effort by management to unlock value trapped in Datatec’s structure.
Montanana’s 11.98-percent stake in Datatec is valued at $63 million.
Datatec is a South Africa-based ICT solutions and services group operating in more than 50 countries.