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South African (JSE) Tech Sector Analysis

UpdatedJul 05, 2026
DataAggregated Company Financials
Companies8
  • 7D-4.1%
  • 3M26.5%
  • 1Y31.3%
  • YTD17.4%

Over the last 7 days, the Tech industry has dropped 4.1%, driven by Datatec declining 7.8%. This takes the industry's 12 month performance to a gain of 31%. Looking forward, earnings are forecast to grow by 7.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Jul 2026R36.4bR84.8bR3.0b10.3x12.2x0.4x
Tue, 02 Jun 2026R34.3bR84.6bR3.0b10.1x11.5x0.4x
Thu, 30 Apr 2026R29.8bR87.2bR2.7b9.9x11x0.3x
Sat, 28 Mar 2026R28.3bR88.2bR2.7b10.2x10.5x0.3x
Mon, 23 Feb 2026R30.9bR84.2bR2.6b11.8x12.1x0.4x
Wed, 21 Jan 2026R31.0bR85.5bR2.6b11.5x12x0.4x
Fri, 19 Dec 2025R32.6bR87.8bR2.5b12.1x13x0.4x
Sun, 16 Nov 2025R55.9bR92.8bR3.4b11.7x16.4x0.6x
Tue, 14 Oct 2025R29.6bR90.5bR1.1b14.1x25.9x0.3x
Thu, 11 Sep 2025R27.2bR91.9bR1.1b11.9x24.9x0.3x
Sat, 09 Aug 2025R26.6bR92.9bR1.1b11.2x24.7x0.3x
Mon, 07 Jul 2025R29.1bR92.3bR1.1b12.7x27.3x0.3x
Wed, 04 Jun 2025R29.5bR93.3bR1.1b13.6x27.5x0.3x
Fri, 02 May 2025R26.3bR125.5bR1.2b12.1x22x0.2x
Sun, 30 Mar 2025R25.6bR125.3bR1.4b11.8x18x0.2x
Tue, 25 Feb 2025R24.2bR125.5bR1.5b12x16.4x0.2x
Thu, 23 Jan 2025R24.3bR126.1bR1.5b12.6x16.5x0.2x
Sat, 21 Dec 2024R23.2bR125.6bR1.2b12.2x18.7x0.2x
Mon, 18 Nov 2024R21.5bR125.1bR1.2b11.5x17.5x0.2x
Wed, 16 Oct 2024R19.6bR124.9bR686.9m14.3x28.6x0.2x
Fri, 13 Sep 2024R18.7bR126.6bR925.5m10x20.2x0.1x
Sun, 11 Aug 2024R18.3bR129.5bR950.1m9.5x19.2x0.1x
Tue, 09 Jul 2024R18.4bR128.4bR1.0b10.2x17.8x0.1x
Thu, 06 Jun 2024R17.5bR132.9bR1.1b9.9x16.2x0.1x
Sat, 04 May 2024R16.7bR132.7b-R750,595,608.009.9x-22.3x0.1x
Mon, 01 Apr 2024R23.0bR137.6b-R657,302,955.0010.2x-35x0.2x
Wed, 28 Feb 2024R20.6bR140.5b-R607,596,554.509.8x-33.9x0.1x
Fri, 26 Jan 2024R24.7bR162.6bR59.9m10.3x411.7x0.2x
Sun, 24 Dec 2023R23.6bR160.6bR67.0m9.3x351.9x0.1x
Tue, 21 Nov 2023R22.6bR159.4bR222.4m8.6x101.6x0.1x
Thu, 19 Oct 2023R21.6bR156.4bR22.4m9.6x965.7x0.1x
Sat, 16 Sep 2023R21.0bR149.2bR86.8m9.7x242x0.1x
Mon, 14 Aug 2023R21.2bR149.0bR75.0m9.5x282.2x0.1x
Wed, 12 Jul 2023R21.8bR147.0b-R400,690,569.009.8x-54.5x0.1x
Price to Earnings Ratio

-54.5x


Total Market Cap: R21.8bTotal Earnings: -R400,690,569.00Total Revenue: R147.0bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Tech Sector Price to Earnings3Y Average 57.8x202420252026
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 12.2x which is lower than its 3-year average PE of 57.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.23x.
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 Market1.26%
Tech-4.09%
IT1.64%
Tech Hardware0.60%
Communications0%0
Software-5.71%
Electronic Equipment and Components-7.80%
Semiconductors-20.00%
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 64.3x.
    • Analysts are expecting annual earnings growth of 7.3%, which is lower than the prior year's growth of 55.1% per year.
  • 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 7.7% over the next 5 years.
  • However this is lower than its past earnings growth rate of 37% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 7.3% 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
AEL AltronR28.401.2%
+R130.3m		32.1%PE13.6x
IOC iOCOR4.113.8%
+R92.5m		0.5%PE8.2x
MST MustekR15.000.6%
+R4.9m		9.1%PE11.4x

Latest News

PBT
R6.88
PBT Holdings
7D
2.5%
1Y
17.6%
4SI
R0.75
4Sight Holdings
7D
-1.3%
1Y
11.9%
AEL
R28.40
Altron
7D
1.2%
1Y
32.1%
ISA
R1.98
ISA Holdings
7D
-5.7%
1Y
2.1%
DTC
R88.49
Datatec
7D
-7.8%
1Y
39.0%
Narrative Update • Jun 26

DTC: Higher Earnings Guidance And Auditor Change Will Support Balanced Outlook

Analysts have adjusted their Datatec valuation framework, lifting the price target from ZAR88.03 to ZAR98.58 as they refresh assumptions around fair value, discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Datatec changed its Independent Registered External Auditor for the financial year ending 28 February 2027, replacing PricewaterhouseCoopers Inc.
LAB
R0.04
Labat Africa
7D
-20.0%
1Y
-20.0%
IOC
R4.11
iOCO
7D
3.8%
1Y
0.5%
MST
R15.00
Mustek
7D
0.6%
1Y
9.1%