{"id":51090,"date":"2013-12-24T02:37:44","date_gmt":"2013-12-24T00:37:44","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=51090"},"modified":"2013-12-24T02:38:39","modified_gmt":"2013-12-24T00:38:39","slug":"best-performing-tech-shares-of-2013","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/51090\/best-performing-tech-shares-of-2013\/","title":{"rendered":"Best performing tech shares of 2013"},"content":{"rendered":"

Tech companies have had a busy year on the JSE \u2013 and the South African tech sector has weathered the economic storms and ups and downs of 2013.<\/p>\n

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.<\/p>\n

However, there have been some clear winners whose stocks have blossomed on the local exchange.<\/p>\n

These are the tech companies who mananged to perform well in 2013, increasing their stock value on the JSE.<\/p>\n

Top performing SA tech companies (Under R10)<\/h3>\n
\n\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nShare price at 2 January 2013
\n<\/strong><\/td>\n		Share price at 17 December 2013
\n<\/strong><\/td>\n		% change
\n<\/strong><\/td>\n<\/tr>\n
Adapt IT<\/td>\nR1.44<\/td>\nR4.60<\/td>\n219.4%<\/td>\n<\/tr>\n
Amalgamated Electronics<\/td>\nR1.88<\/td>\nR2.95<\/td>\n56.9%<\/td>\n<\/tr>\n
Datacentrix<\/td>\nR3.75<\/td>\nR4.50<\/td>\n20.0%<\/td>\n<\/tr>\n
Foneworx<\/td>\nR2.05<\/td>\nR2.32<\/td>\n13.2%<\/td>\n<\/tr>\n
Telemasters<\/td>\nR0.60<\/td>\nR0.65<\/td>\n8.3%<\/td>\n<\/tr>\n
Business Connexion<\/td>\nR5.34<\/td>\nR5.58<\/td>\n4.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

Top performing SA tech companies (Over R10)<\/h3>\n
\n\n\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nShare price at 2 January 2013<\/strong><\/strong><\/td>\nShare price at 17 December 2013<\/strong><\/strong><\/td>\n% change<\/strong><\/strong><\/td>\n<\/tr>\n
EOH<\/td>\nR37.10<\/td>\nR84.67<\/td>\n128.2%<\/td>\n<\/tr>\n
Naspers<\/td>\nR551.00<\/td>\nR1000.00<\/td>\n81.5%<\/td>\n<\/tr>\n
Telkom<\/td>\nR16.93<\/td>\nR27.15<\/td>\n60.4%<\/td>\n<\/tr>\n
Pinnacle<\/td>\nR18.60<\/td>\nR23.00<\/td>\n23.6%<\/td>\n<\/tr>\n
Altron<\/td>\nR20.94<\/td>\nR24.54<\/td>\n17.2%<\/td>\n<\/tr>\n
MTN<\/td>\nR176.99<\/td>\nR198.62<\/td>\n12.2%<\/td>\n<\/tr>\n
Datatec<\/td>\nR49.77<\/td>\nR51.01<\/td>\n2.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

EOH<\/h3>\n

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.<\/p>\n

In 2012, EOH was also one of the biggest growers, having climbed over 30% in share value over the course of that year.<\/p>\n

On 11 September 2013, the\u00a0IT services firm reported a 40% rise in revenue for the year ended July 2013, to\u00a0R5.09 billion.<\/p>\n

All areas of EOH\u2019s business operations saw growth during the year with the\u00a0revenue from services being the most significant generator. Services revenue\u00a0increased by 55%, software revenue by 12% and infrastructure revenue by 13%.<\/p>\n

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.<\/p>\n

Naspers<\/h3>\n

Naspers had a record year in 2013, hitting its highest point on the local exchange at over R1,000 in December.<\/p>\n

The media and Internet firm broke through a key level when it was boosted by a weak rand performance and a spike in\u00a0Tencent Holding on the Hang Seng.<\/p>\n

With a market cap\u00a0exceeding\u00a0R420 billion, Naspers now ranks as one of the most valuable local companies on the JSE.<\/p>\n

At the time of Naspers’ record high, Chinese firm,\u00a0Tencent\u00a0\u2013 in which Naspers has a 34% interest \u2013 added 2.3% to also hit a record high in Hong Kong, after a report indicated that the internet firm had become\u00a0China\u2019s most valuable listed technology brand, worth about\u00a0$33.9 billion.<\/p>\n

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%.<\/p>\n

More on the top performers<\/h3>\n

EOH lifts earnings by 40%<\/a><\/strong><\/p>\n

Naspers hits R1,000 barrier on soft rand<\/a><\/strong><\/p>\n

Adapt IT profit soars, eyes telecoms<\/a><\/strong><\/p>\n

Best performing tech shares of 2012<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

BusinessTech looks at the tech companies who mananged to perform well in 2013, increasing their stock value on the JSE.<\/p>\n","protected":false},"author":10,"featured_media":28252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3899,1957,26,175,107,173,7238],"class_list":["post-51090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-adapt-it","tag-eoh","tag-headline","tag-jse","tag-naspers","tag-shares","tag-stock-price"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/51090","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=51090"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/51090\/revisions"}],"predecessor-version":[{"id":75474,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/51090\/revisions\/75474"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/28252"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=51090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=51090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=51090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}