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South African (JSE) Tech Sector Analysis

UpdatedAug 24, 2025
DataAggregated Company Financials
Companies10
  • 7D4.0%
  • 3M-2.6%
  • 1Y43.3%
  • YTD14.2%

The Tech industry is up 4.0% in the last week, with Datatec up 7.6%. This means that the industry has gained 43% over the past year. As for the next few years, earnings are expected to grow by 17% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Aug 2025R28.1bR91.7bR1.1b12.3x26.5x0.3x
Tue, 22 Jul 2025R28.9bR92.4bR1.1b12.7x27x0.3x
Thu, 19 Jun 2025R28.6bR93.7bR1.1b13.2x26.5x0.3x
Sat, 17 May 2025R28.7bR122.8bR1.2b13.5x24.7x0.2x
Mon, 14 Apr 2025R25.6bR128.3bR1.2b11.6x20.9x0.2x
Wed, 12 Mar 2025R23.7bR124.1bR1.4b10.8x16.8x0.2x
Fri, 07 Feb 2025R24.4bR126.1bR1.5b12x16.5x0.2x
Sun, 05 Jan 2025R25.0bR127.9bR1.3b13x19.8x0.2x
Tue, 03 Dec 2024R22.8bR125.0bR1.2b11.6x18.5x0.2x
Thu, 31 Oct 2024R21.2bR122.1bR971.2m13.7x21.8x0.2x
Sat, 28 Sep 2024R19.9bR121.9bR661.4m14.3x30.1x0.2x
Mon, 26 Aug 2024R19.3bR126.2bR922.2m9.4x20.9x0.2x
Wed, 24 Jul 2024R18.4bR130.0bR1.0b9.9x17.6x0.1x
Fri, 21 Jun 2024R18.4bR127.7bR1.0b10.3x17.8x0.1x
Sun, 19 May 2024R17.0bR130.8b-R741,194,497.5010.6x-22.9x0.1x
Tue, 16 Apr 2024R16.6bR135.3b-R763,405,261.0010.1x-21.7x0.1x
Thu, 14 Mar 2024R21.3bR136.0b-R596,676,505.5010x-35.8x0.2x
Sat, 10 Feb 2024R21.4bR140.0b-R607,976,812.509.8x-35.3x0.2x
Mon, 08 Jan 2024R24.3bR161.6bR63.6m9.7x381.8x0.2x
Wed, 06 Dec 2023R22.6bR163.1bR257.7m8.8x87.6x0.1x
Fri, 03 Nov 2023R22.4bR159.6bR191.5m9.6x117x0.1x
Sun, 01 Oct 2023R21.0bR149.5bR112.5m9.3x186.7x0.1x
Tue, 29 Aug 2023R21.6bR147.0bR99.0m9.2x217.8x0.1x
Thu, 27 Jul 2023R21.5bR142.2bR118.7m9.1x181.3x0.2x
Sat, 24 Jun 2023R22.1bR148.0b-R407,563,817.0010.4x-54.3x0.1x
Mon, 22 May 2023R22.4bR144.6bR1.1b12.2x21.3x0.2x
Wed, 19 Apr 2023R23.6bR138.2bR1.0b12.1x23.4x0.2x
Fri, 17 Mar 2023R24.3bR140.2bR1.1b11.2x21.4x0.2x
Sun, 12 Feb 2023R23.9bR136.8bR1.1b11.9x21x0.2x
Tue, 10 Jan 2023R23.0bR131.9bR1.1b13.1x21.7x0.2x
Thu, 08 Dec 2022R22.8bR133.3bR874.9m12.6x26x0.2x
Sat, 05 Nov 2022R26.4bR143.2bR834.9m12x31.6x0.2x
Mon, 03 Oct 2022R26.4bR139.0bR858.7m11x30.8x0.2x
Wed, 31 Aug 2022R26.8bR128.7bR1.3b11.4x20.8x0.2x
Price to Earnings Ratio

20.8x


Total Market Cap: R26.8bTotal Earnings: R1.3bTotal Revenue: R128.7bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Tech Sector Price to Earnings3Y Average 56.9x202320242025
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 26.5x which is lower than its 3-year average PE of 56.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.18x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 6.4% per year over the last three years,
  • Revenues have also declined 11% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

ZA Market0.67%
Tech3.99%
Electronic Equipment and Components7.62%
IT0.71%
Software0%0
Communications0%0
Semiconductors0%0
Tech Hardware-1.23%
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 74.8x.
    • Analysts are expecting annual earnings growth of 13.3%, which is lower than the prior year's growth of 41.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 30% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 13% 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 DatatecR59.497.6%
+R994.3m		66.2%PE13.6x
AEL AltronR21.011.6%
+R125.8m		18.8%PE13.6x
PBG PBT GroupR5.972.1%
+R12.0m		4.6%PE9.2x
AYO AYO Technology SolutionsR0.494.3%
+R6.5m		-7.5%PS0.1x

Latest News

PBG
R5.97
PBT Group
7D
2.1%
1Y
4.6%

Here's Why Shareholders May Want To Be Cautious With Increasing PBT Group Limited's (JSE:PBG) CEO Pay Packet

Aug 23
Here's Why Shareholders May Want To Be Cautious With Increasing PBT Group Limited's (JSE:PBG) CEO Pay Packet
AEL
R21.01
Altron
7D
1.6%
1Y
18.8%
MFL
R2.64
Metrofile Holdings
7D
-1.9%
1Y
10.0%

Returns On Capital At Metrofile Holdings (JSE:MFL) Paint A Concerning Picture

Aug 04
Returns On Capital At Metrofile Holdings (JSE:MFL) Paint A Concerning Picture
MST
R13.70
Mustek
7D
-1.2%
1Y
0.4%
DTC
R59.49
Datatec
7D
7.6%
1Y
66.2%
IOC
R4.24
iOCO
7D
-1.2%
1Y
142.3%
AYO
R0.49
AYO Technology Solutions
7D
4.3%
1Y
-7.5%
LAB
R0.05
Labat Africa
7D
-16.7%
1Y
n/a