{"id":75800,"date":"2014-12-30T16:05:58","date_gmt":"2014-12-30T14:05:58","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=75800"},"modified":"2014-12-30T16:05:58","modified_gmt":"2014-12-30T14:05:58","slug":"worst-performing-tech-shares-of-2014","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/75800\/worst-performing-tech-shares-of-2014\/","title":{"rendered":"Worst performing tech shares of 2014"},"content":{"rendered":"

With only a couple of days to go before the end of the year, looking back on 2014 it’s clear to see who had the toughest time 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 seeing a positive return on their shares in 2014, and only 9 seeing a decline.<\/p>\n

Companies which\u00a0 performed poorly include ICT firm Gijima, which saw its share prices sink to as little as 1c during the course of the year, and Pinnacle Holdings, which was wracked with controversy early in the year, and never fully recovered.<\/p>\n

SA tech and telecoms top share performers (shares under R10ps)<\/h3>\n
\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\n2 January<\/strong><\/td>\n28 December<\/strong><\/td>\n% Change<\/strong><\/td>\n<\/tr>\n
Gijima<\/td>\nR0.62<\/td>\nR0.09<\/td>\n-85.5%<\/td>\n<\/tr>\n
Ellies<\/td>\nR5.56<\/td>\nR1.30<\/td>\n-76.6%<\/td>\n<\/tr>\n
Datacentrix<\/td>\nR4.40<\/td>\nR3.45<\/td>\n-21.6%<\/td>\n<\/tr>\n
Amalgamated Electronics<\/td>\nR2.85<\/td>\nR2.65<\/td>\n-7.0%<\/td>\n<\/tr>\n
Jasco<\/td>\nR0.73<\/td>\nR0.71<\/td>\n-2.7%<\/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
Company<\/strong><\/td>\n2 January<\/strong><\/td>\n28 December<\/strong><\/td>\n% Change<\/strong><\/td>\n<\/tr>\n
Pinnacle<\/td>\nR23.20<\/td>\nR12.30<\/td>\n-47.0%<\/td>\n<\/tr>\n
Altron<\/td>\nR23.99<\/td>\nR16.99<\/td>\n-29.2%<\/td>\n<\/tr>\n
Reunert<\/td>\nR69.40<\/td>\nR59.46<\/td>\n-14.3%<\/td>\n<\/tr>\n
Vodacom<\/td>\nR133.00<\/td>\nR126.50<\/td>\n-4.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

Lowlights<\/h3>\n

Struggling ICT services company, Gijima<\/strong> continued to have a tough time in 2014, with its share price sinking to as low as 1c per share.<\/p>\n

The group warned that although good progress has been made with its turnaround activities, tough trading conditions resulted in the group not complying with the financial covenants.<\/p>\n

Pinnacle,<\/strong> one of the top-performers in 2013, came under fire in March 2014 when one of its executive directors, Takalani Tshivase, was arrested by the SAPS on bribery charges.<\/p>\n

While the charges against the executive were later dropped, the timing of the company’s announcement of the situation, as well as trades involved around the time, brought the company under scrutiny.<\/p>\n

During the saga, Pinnacle lost more than half of its value. It has since recovered, but not to the levels it was before the arrest.<\/p>\n

Mobile operator Vodacom<\/strong>, while having a successful year financially, came under some strain thanks in part to cuts in the mobile termination rates – which slashed away revenue usually gained by other operators terminating on its network – as well as seeing flat voice revenue.<\/p>\n

More on worst performing shares<\/h3>\n

Worst performing tech shares in 2013<\/a><\/strong><\/p>\n

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

BusinessTech looks at the tech companies which had a tough year, losing stock value on the JSE in 2014.<\/p>\n","protected":false},"author":10,"featured_media":28250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[9286,26,175,9284],"class_list":["post-75800","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\/75800","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=75800"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/75800\/revisions"}],"predecessor-version":[{"id":76503,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/75800\/revisions\/76503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/28250"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=75800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=75800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=75800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}