Datatec marks 30 years on the JSE
As South Africa marks its 30 year democracy this year, ICT firm Datatec also celebrates three decades listed on the Johannesburg Stock Exchange. Since listing in 1994, Datatec has grown from a start up into a global firm with presence in over 50 countries across six continents. To discuss what the next 30 years could look like for the group in the rapidly changing landscape being shaped by geopolitics and technology, CNBC Africa is joined by Jens Montanana, CEO, Datatec.
Tue, 22 Oct 2024 15:59:00 GMT
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AI Generated Summary
- Datatec's transformation from a startup to a global firm with a presence in over 50 countries highlights sustained strategic focus and financial performance, delivering impressive shareholder returns over three decades.
- The company's adaptation to cloud infrastructure and emerging technologies like generative AI and cybersecurity positions it for continued growth and resilience in the rapidly evolving IT landscape.
- Amidst global political uncertainties, Datatec remains committed to enhancing shareholder value through sustainable practices, ESG initiatives, and strategic M&A activities, ensuring long-term success and stakeholder satisfaction.
As South Africa commemorates 30 years of democracy this year, Datatec, an ICT firm, marks three decades since it was listed on the Johannesburg Stock Exchange in 1994. The company has blossomed from a startup into a global entity that operates in over 50 countries across six continents. Jens Montanana, the CEO of Datatec, reflects on the past 30 years and envisions the company's future amidst the evolving landscape shaped by geopolitics and technology. Montanana highlights the company's sustained strategic focus and robust financial performance over the years. Despite facing some recent dips in the stock price, Datatec has delivered impressive total shareholder returns, maintaining a reputation for sound investments and value creation. Montanana emphasizes the long-term sustainability of Datatec's strategy, underlining the importance of agility and focus in a rapidly changing market. The firm's shift towards software and services in line with the cloud-driven IT environment has positioned it for continued growth and adaptation to emerging technologies like generative AI and cybersecurity. While discussing the impact of political changes on business operations, Montanana acknowledges the role of technology in improving public services and governance in challenging political environments. He highlights the potential for AI and digitization to accelerate socio-economic development and bridge gaps in service delivery. Furthermore, he emphasizes the need for increased technology infrastructure investment across regions like Africa and South America to align with global technological advancements. Amidst the backdrop of global political and economic uncertainties, Montanana expresses cautious optimism about Datatec's future prospects. He stresses the company's focus on enhancing shareholder value through sustainable business practices, ESG initiatives, and strategic M&A activities. Montanana remains confident in Datatec's ability to navigate the evolving digital landscape and deliver long-term value to investors and stakeholders.
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