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South African (JSE) Tech Sector Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies8
  • 7D6.6%
  • 3M6.0%
  • 1Y19.0%
  • YTD6.0%

In the last week, the Tech industry is up 7.8%, with Datatec up 14%. In the last 12 months, the industry was up 17%. As for the next few years, earnings are expected to grow by 22% per annum.

Sector Valuation and Performance

Has the South African Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026R32.9bR85.8bR2.7b9.9x12.3x0.4x
Sat, 18 Apr 2026R29.4bR85.2bR2.7b10.1x11x0.3x
Mon, 16 Mar 2026R28.4bR87.5bR2.7b10.7x10.7x0.3x
Wed, 11 Feb 2026R30.5bR83.9bR2.6b11.4x11.9x0.4x
Fri, 09 Jan 2026R31.7bR86.0bR2.6b11.6x12.2x0.4x
Sun, 07 Dec 2025R32.3bR88.6bR2.5b11.8x12.8x0.4x
Tue, 04 Nov 2025R52.6bR93.5bR3.4b11.1x15.5x0.6x
Thu, 02 Oct 2025R27.1bR90.2bR1.1b12.9x23.9x0.3x
Sat, 30 Aug 2025R27.9bR92.5bR1.1b11.6x26x0.3x
Mon, 28 Jul 2025R28.0bR92.9bR1.1b12x25.9x0.3x
Wed, 25 Jun 2025R29.0bR92.8bR1.1b13.4x27.3x0.3x
Fri, 23 May 2025R28.7bR122.5bR1.2b13.5x24.7x0.2x
Sun, 20 Apr 2025R25.7bR127.0bR1.2b11.8x21.2x0.2x
Tue, 18 Mar 2025R23.7bR123.4bR1.4b10.9x16.9x0.2x
Thu, 13 Feb 2025R24.4bR126.3bR1.5b12.1x16.4x0.2x
Sat, 11 Jan 2025R25.5bR129.5bR1.5b12.8x16.9x0.2x
Mon, 09 Dec 2024R22.6bR124.1bR1.2b11.6x18.5x0.2x
Wed, 06 Nov 2024R21.3bR120.7bR1.2b11.9x18x0.2x
Fri, 04 Oct 2024R19.7bR124.0bR679.6m13.9x29x0.2x
Sun, 01 Sep 2024R18.9bR126.8bR927.7m9.9x20.4x0.1x
Tue, 30 Jul 2024R18.3bR130.2bR1.0b9.4x17.4x0.1x
Thu, 27 Jun 2024R18.4bR128.7bR1.0b9.8x17.7x0.1x
Sat, 25 May 2024R17.4bR130.8b-R450,243,309.5010.4x-38.7x0.1x
Mon, 22 Apr 2024R16.2bR135.9b-R766,016,231.509.9x-21.2x0.1x
Wed, 20 Mar 2024R21.7bR137.9b-R603,767,549.009.9x-35.9x0.2x
Fri, 16 Feb 2024R21.3bR139.6b-R606,184,289.009.8x-35.2x0.2x
Sun, 14 Jan 2024R24.5bR161.4bR64.2m9.7x381.2x0.2x
Tue, 12 Dec 2023R22.5bR164.0bR60.7m9.2x371.6x0.1x
Thu, 09 Nov 2023R22.0bR159.7bR191.1m9.3x115x0.1x
Sat, 07 Oct 2023R21.4bR151.5bR101.5m9.1x211.2x0.1x
Mon, 04 Sep 2023R21.4bR148.5bR90.6m9.7x236.6x0.1x
Wed, 02 Aug 2023R21.3bR145.3bR100.9m9.7x211.3x0.1x
Fri, 30 Jun 2023R21.9bR148.1b-R408,218,422.0010.4x-53.7x0.1x
Sun, 28 May 2023R22.4bR151.8b-R247,921,506.0010.9x-90.2x0.1x
Price to Earnings Ratio

-90.2x


Total Market Cap: R22.4bTotal Earnings: -R247,921,506.00Total Revenue: R151.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Tech Sector Price to Earnings3Y Average 54.6x202420252026
Current Industry PE
  • Investors are pessimistic on the South African Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 11.9x which is lower than its 3-year average PE of 54.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.22x.
Past Earnings Growth
  • Total earnings for the Information Technology industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 17% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the South African Tech sector?

ZA Market-1.68%
Tech6.63%
Electronic Equipment and Components8.48%
IT4.78%
Communications0%0
Semiconductors0%0
Software-2.34%
Tech Hardware-3.38%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry even though it's trading below its 3-year average PE ratio of 79.9x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Semiconductors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 22% over the next 5 years.
  • However this is lower than its past earnings growth rate of 28% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 22% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DTC DatatecR82.488.5%
+R1.5b		32.3%PE14.1x
AEL AltronR23.076.8%
+R561.6m		-1.1%PE14.1x
IOC iOCOR4.141.0%
+R24.9m		26.2%PE8.4x
PBT PBT HoldingsR6.610.2%
+R970.8k		17.8%PE9.1x

Latest News

DTC
R82.48
Datatec
7D
8.5%
1Y
32.3%
4SI
R0.67
4Sight Holdings
7D
-5.6%
1Y
-4.3%
ISA
R2.09
ISA Holdings
7D
-2.3%
1Y
13.0%
AEL
R23.07
Altron
7D
6.8%
1Y
-1.1%
IOC
R4.14
iOCO
7D
1.0%
1Y
26.2%
MST
R14.00
Mustek
7D
-3.4%
1Y
1.4%
PBT
R6.61
PBT Holdings
7D
0.2%
1Y
17.8%