Best performing tech shares of 2013
Tech companies have had a busy year on the JSE – and the South African tech sector has weathered the economic storms and ups and downs of 2013.
SA tech companies have had a generally positive performance on the JSE this year – with 13 of the 24 companies analysed turning a positive gain on their shares during the course of the year.
However, there have been some clear winners whose stocks have blossomed on the local exchange.
These are the tech companies who mananged to perform well in 2013, increasing their stock value on the JSE.
Top performing SA tech companies (Under R10)
| Company | Share price at 2 January 2013 |
Share price at 17 December 2013 |
% change |
| Adapt IT | R1.44 | R4.60 | 219.4% |
| Amalgamated Electronics | R1.88 | R2.95 | 56.9% |
| Datacentrix | R3.75 | R4.50 | 20.0% |
| Foneworx | R2.05 | R2.32 | 13.2% |
| Telemasters | R0.60 | R0.65 | 8.3% |
| Business Connexion | R5.34 | R5.58 | 4.5% |
Top performing SA tech companies (Over R10)
| Company | Share price at 2 January 2013 | Share price at 17 December 2013 | % change |
| EOH | R37.10 | R84.67 | 128.2% |
| Naspers | R551.00 | R1000.00 | 81.5% |
| Telkom | R16.93 | R27.15 | 60.4% |
| Pinnacle | R18.60 | R23.00 | 23.6% |
| Altron | R20.94 | R24.54 | 17.2% |
| MTN | R176.99 | R198.62 | 12.2% |
| Datatec | R49.77 | R51.01 | 2.5% |
EOH
EOH enjoyed a massive year on the JSE, boosting its share value by over 128% over the past 12 months, largely driven by strategic acquisitions – as well as gaining from continued organic growth at the company.
In 2012, EOH was also one of the biggest growers, having climbed over 30% in share value over the course of that year.
On 11 September 2013, the IT services firm reported a 40% rise in revenue for the year ended July 2013, to R5.09 billion.
All areas of EOH’s business operations saw growth during the year with the revenue from services being the most significant generator. Services revenue increased by 55%, software revenue by 12% and infrastructure revenue by 13%.
On the back of its successful financial year, EOH didn’t show any signs of slowing down, expressing a desire to expand its business into the public sector, as well as to expand its operations further into Africa.
Naspers
Naspers had a record year in 2013, hitting its highest point on the local exchange at over R1,000 in December.
The media and Internet firm broke through a key level when it was boosted by a weak rand performance and a spike in Tencent Holding on the Hang Seng.
With a market cap exceeding R420 billion, Naspers now ranks as one of the most valuable local companies on the JSE.
At the time of Naspers’ record high, Chinese firm, Tencent – in which Naspers has a 34% interest – added 2.3% to also hit a record high in Hong Kong, after a report indicated that the internet firm had become China’s most valuable listed technology brand, worth about $33.9 billion.
Naspers first listed on the JSE 19 years ago in September, priced at R17.50 per share; investors who banked on the company then would have seen their share value increase 5,614.3%.
More on the top performers
Naspers hits R1,000 barrier on soft rand
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