{"id":75798,"date":"2014-12-29T12:00:34","date_gmt":"2014-12-29T10:00:34","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=75798"},"modified":"2014-12-29T08:24:10","modified_gmt":"2014-12-29T06:24:10","slug":"best-performing-tech-shares-of-2014","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/75798\/best-performing-tech-shares-of-2014\/","title":{"rendered":"Best performing tech shares of 2014"},"content":{"rendered":"

With only a few days to go before the end of the year, looking back on 2014 it’s clear to see who were the big winners in the South African tech sector.<\/p>\n

SA tech companies have had a generally positive performance on the JSE this year \u2013 with 15 of the 24 companies analysed turning a positive gain on their shares during the course of the year.<\/p>\n

Clear winners include Telkom, which saw its share price grow 142% in value over the year, along with a continued strong performances by EOH and media giant, Naspers.<\/p>\n

These are the tech companies who managed to perform well in 2014, increasing their stock value on the JSE between 2 January and 10 December.<\/p>\n

SA tech and telecoms top share performers (shares under R10ps)<\/h3>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\n2 January<\/strong><\/td>\n28 December
\n<\/strong><\/td>\n		% Change
\n<\/strong><\/td>\n<\/tr>\n
Huge Group<\/td>\nR0.56<\/td>\nR2.29<\/td>\n308.9%<\/td>\n<\/tr>\n
ConvergeNet<\/td>\nR1.00<\/td>\nR2.10<\/td>\n110.0%<\/td>\n<\/tr>\n
Telemasters<\/td>\nR0.80<\/td>\nR1.47<\/td>\n83.7%<\/td>\n<\/tr>\n
Compu-clearing<\/td>\nR3.75<\/td>\nR6.47<\/td>\n72.5%<\/td>\n<\/tr>\n
Digicore<\/td>\nR1.80<\/td>\nR2.98<\/td>\n65.6%<\/td>\n<\/tr>\n
Adapt IT<\/td>\nR4.90<\/td>\nR8.00<\/td>\n63.3%<\/td>\n<\/tr>\n
Mustek<\/td>\nR5.20<\/td>\nR7.90<\/td>\n51.9%<\/td>\n<\/tr>\n
Business Connexion<\/td>\nR5.49<\/td>\nR6.15<\/td>\n12.0%<\/td>\n<\/tr>\n
Foneworx<\/td>\nR2.32<\/td>\nR2.50<\/td>\n7.8%<\/td>\n<\/tr>\n
Blue Label Telecom<\/td>\nR8.44<\/td>\nR8.77<\/td>\n3.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

SA tech and telecoms top share performers (shares over R10ps)<\/h3>\n
\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\n2 January
\n<\/strong><\/td>\n		28 December
\n<\/strong><\/td>\n		% Change
\n<\/strong><\/td>\n<\/tr>\n
Telkom<\/td>\nR28.34<\/td>\nR68.54<\/td>\n141.8%<\/td>\n<\/tr>\n
EOH<\/td>\nR82.15<\/td>\nR113.37<\/td>\n38.0%<\/td>\n<\/tr>\n
Naspers<\/td>\nR1,105.98<\/td>\nR1,489.06<\/td>\n34.6%<\/td>\n<\/tr>\n
Datatec<\/td>\nR51.80<\/td>\nR55.80<\/td>\n7.7%<\/td>\n<\/tr>\n
MTN<\/td>\nR217.14<\/td>\nR219.25<\/td>\n1.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

2014 Highlights<\/h3>\n

2014 was clearly the year for the much-touted Telkom<\/strong> turnaround. After falling to extremely low levels in 2013 (below R15 a share), under the direction of CEO Sipho Maseko, the group has managed to more than double its value since the start of the year.<\/p>\n

The turnaround hasn’t come without cost, however as Telkom implemented massive cost-cutting measures, retrenched hundreds of its staff, and changed its strategy in terms of its loss-making mobile unit.<\/p>\n

Naspers<\/strong>, on the other hand, owed much of its success in 2014 to another strong performance from its 34% holding in Chinese Internet company, Tencent.<\/p>\n

Tencent’s performance (reporting Year-on-year revenue growth of 37%) was partially offset by higher development spend in Naspers’ own e-commerce businesses, resulting in a 67% increase in trading profit to R6.5 billion for company.<\/p>\n

IT services and outsourcing firm, EOH<\/strong> continued its line of annual growth, which the company’s CEO attributes to its “unfailing business philosophy that is centred around people”.<\/p>\n

The company’s strong business outsourcing, cloud and technology management services – along with a rapidly expanding geographical footprint – also probably have something to do with it.<\/p>\n

More on the best performing shares<\/h3>\n

Best performing tech shares of 2013<\/a><\/strong><\/p>\n

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

BusinessTech looks at the tech companies which performed well on the JSE in 2014.<\/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":[9286,26,175,9284],"class_list":["post-75798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-9286","tag-headline","tag-jse","tag-tech-shares"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/75798","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=75798"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/75798\/revisions"}],"predecessor-version":[{"id":76501,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/75798\/revisions\/76501"}],"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=75798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=75798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=75798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}