{"id":217167,"date":"2017-12-27T18:00:02","date_gmt":"2017-12-27T16:00:02","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=217167"},"modified":"2017-12-26T13:07:45","modified_gmt":"2017-12-26T11:07:45","slug":"the-best-and-worst-performing-tech-shares-in-2017","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/217167\/the-best-and-worst-performing-tech-shares-in-2017\/","title":{"rendered":"The best and worst performing tech shares in 2017"},"content":{"rendered":"

It was a particularly tough year for South Africa’s tech sector in 2017, with few listed companies managing to grow share value in what proved to be a challenging market.<\/p>\n

Two large-cap tech companies stand out on both ends of a difficult 2017 – with media and internet group Naspers showing another year of outstanding growth.<\/p>\n

Meanwhile ICT group EOH – which has historically been one of the best performers on the JSE, found its market value halved in 2017.<\/p>\n

Naspers’ successes once again followed a strong performance by Chinese tech group Tencent, of which the SA media house owns over 30%.<\/p>\n

This has not come without controversy however, as investors and shareholders have criticised the group for relying only on Tencent, while its other segments – such as media and pay TV – are not as successful.<\/p>\n

Despite this, and also despite more recent scandals involving alleged payments made to influence government policies, the group’s share was up almost 63% in the past 12 months.<\/p>\n

EOH did not fare as well, losing close to 58% of its value, after a hit piece was published amid the wider Gupta state capture scandal, accusing the company of being ‘captured’.<\/p>\n

The ghost of the accusations reared its ugly head once again when retail group Steinhoff had a spectacular crash amid an accounting scandal, and forced sell-offs by EOH’s directors caused a panic over governance and liquidity at the company.<\/p>\n

Other tech companies<\/strong><\/p>\n

Medium and small-cap tech companies come off a low base and experience low trades on their stock.<\/p>\n

Net1 had a flat year in terms of share price, while both Mix Telematics and Cartrack showed massive increases in share value.<\/p>\n

The year also saw two new tech companies listed on the JSE’s Alt-X, with Ayo Technologies and 4Sight joining, bringing sci-tech, machine learning and AI to the local bourse.<\/p>\n

Here’s how SA’s tech firms performed in 2017:<\/p>\n

Large-cap (>R10 billion)<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n
Company<\/th>\nJanuary Share Price (ZAR)<\/th>\nDecember Share Price (ZAR)<\/th>\nChange (%)<\/th>\n<\/tr>\n
Naspers<\/td>\n2120.02<\/td>\n3451.42<\/td>\n+62.8%<\/span><\/td>\n<\/tr>\n
Datatec<\/td>\n50.30<\/td>\n55.97<\/td>\n+11.3%<\/span><\/td>\n<\/tr>\n
Ayo Technologies<\/td>\n43.00*<\/td>\n45.00*<\/td>\n+4.7%*<\/span><\/td>\n<\/tr>\n
MTN<\/td>\n134.94<\/td>\n130.65<\/td>\n-3.2%<\/span><\/td>\n<\/tr>\n
Vodacom<\/td>\n150.96<\/td>\n140.80<\/td>\n-6.7%<\/span><\/td>\n<\/tr>\n
Blue Label Telecoms<\/td>\n18.00<\/td>\n14.50<\/td>\n-19.4%<\/span><\/td>\n<\/tr>\n
Telkom<\/td>\n74.66<\/td>\n46.08<\/td>\n-38.3%<\/span><\/td>\n<\/tr>\n
EOH<\/td>\n158.02<\/td>\n66.71<\/td>\n-57.8%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Medium-cap (R1 billion-R10 billion)<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n
Company<\/th>\nJanuary Share Price (ZAR)<\/th>\nDecember Share Price (ZAR)<\/th>\nChange (%)<\/th>\n<\/tr>\n
Mix Telematics<\/td>\n3.50<\/td>\n6.23<\/td>\n+78.0%<\/span><\/td>\n<\/tr>\n
CarTrack<\/td>\n10.95<\/td>\n19.00<\/td>\n+73.5%<\/span><\/td>\n<\/tr>\n
Net1<\/td>\n161.72<\/td>\n162.00<\/td>\n+0.2%<\/span><\/td>\n<\/tr>\n
Alviva Holdings<\/td>\n18.64<\/td>\n17.60<\/td>\n-5.6%<\/span><\/td>\n<\/tr>\n
Adapt IT<\/td>\n15.68<\/td>\n6.15<\/td>\n-60.8%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Small-cap (<R1 billion)<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n
Company<\/th>\nJanuary Share Price (cents)<\/th>\nDecember Share Price (cents)<\/th>\nChange (%)<\/th>\n<\/tr>\n
Mustek<\/td>\n490<\/td>\n570<\/td>\n+16.3%<\/span><\/td>\n<\/tr>\n
Ellies<\/td>\n32<\/td>\n36<\/td>\n+12.5%<\/span><\/td>\n<\/tr>\n
4Sight<\/td>\n250*<\/td>\n180*<\/td>\n-28.0%*<\/span><\/td>\n<\/tr>\n
Jasco<\/td>\n95<\/td>\n65<\/td>\n-31.6%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

* Listed in 2017<\/em><\/p>\n

\n

Read:\u00a0SA tech companies that would have more than doubled your money over the last 5 years<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

It was a particularly tough year for South Africa’s tech sector in 2017, with few listed companies managing to grow share value in what proved to be a challenging market.<\/p>\n","protected":false},"author":10,"featured_media":19002,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[],"class_list":["post-217167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/217167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=217167"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/217167\/revisions"}],"predecessor-version":[{"id":217315,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/217167\/revisions\/217315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/19002"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=217167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=217167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=217167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}