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South African (JSE) Tech Sector Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies9
  • 7D2.4%
  • 3M12.8%
  • 1Y33.7%
  • YTD2.9%

The Tech industry is up 2.4% in the last week, with Datatec up 3.7%. Meanwhile, PBT Holdings actually underperformed within the industry, shrinking 9.6% in the last week. This means that the industry has gained 34% over the past year. As for the next few years, earnings are expected to grow by 18% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jan 2026R33.1bR86.8bR2.6b12.4x12.7x0.4x
Sat, 06 Dec 2025R32.3bR88.7bR2.5b11.8x12.8x0.4x
Mon, 03 Nov 2025R30.1bR90.1bR2.5b10.8x12x0.3x
Wed, 01 Oct 2025R27.2bR90.4bR1.1b12.8x23.9x0.3x
Fri, 29 Aug 2025R27.8bR92.7bR1.1b11.5x25.8x0.3x
Sun, 27 Jul 2025R28.0bR92.9bR1.1b12x25.9x0.3x
Tue, 24 Jun 2025R28.4bR93.3bR1.1b13.3x26.5x0.3x
Thu, 22 May 2025R28.7bR122.3bR1.2b13.4x24.7x0.2x
Sat, 19 Apr 2025R25.7bR127.0bR1.2b11.8x21.2x0.2x
Mon, 17 Mar 2025R23.4bR123.9bR1.4b10.7x16.7x0.2x
Wed, 12 Feb 2025R24.3bR126.1bR1.5b12x16.4x0.2x
Fri, 10 Jan 2025R25.1bR128.4bR1.5b12.8x16.7x0.2x
Sun, 08 Dec 2024R22.6bR124.1bR1.2b11.6x18.5x0.2x
Tue, 05 Nov 2024R21.0bR121.3bR1.2b11.9x17.6x0.2x
Thu, 03 Oct 2024R19.5bR123.5bR674.6m14.3x28.8x0.2x
Sat, 31 Aug 2024R18.9bR126.8bR927.7m9.9x20.4x0.1x
Mon, 29 Jul 2024R18.7bR129.4bR1.0b10x17.9x0.1x
Wed, 26 Jun 2024R18.0bR129.1bR1.0b10.2x17.2x0.1x
Fri, 24 May 2024R17.4bR131.1b-R451,814,203.0010.4x-38.4x0.1x
Sun, 21 Apr 2024R16.2bR135.9b-R766,016,231.509.9x-21.2x0.1x
Tue, 19 Mar 2024R21.5bR138.1b-R604,493,959.009.9x-35.5x0.2x
Thu, 15 Feb 2024R21.9bR140.2b-R608,557,940.509.8x-36x0.2x
Sat, 13 Jan 2024R24.5bR161.4bR64.2m9.7x381.2x0.2x
Mon, 11 Dec 2023R22.5bR163.3bR63.2m9x355.5x0.1x
Wed, 08 Nov 2023R22.5bR159.3bR192.9m9.3x116.6x0.1x
Fri, 06 Oct 2023R20.6bR151.5bR101.6m9.1x202.3x0.1x
Sun, 03 Sep 2023R21.4bR148.5bR90.6m9.7x236.6x0.1x
Tue, 01 Aug 2023R21.1bR143.0bR114.0m9.7x185.2x0.1x
Thu, 29 Jun 2023R21.8bR147.6b-R405,086,108.0010.4x-53.7x0.1x
Sat, 27 May 2023R22.4bR151.5b-R246,437,939.0010.9x-90.7x0.1x
Mon, 24 Apr 2023R23.7bR137.8bR1.0b12.1x23.6x0.2x
Wed, 22 Mar 2023R22.3bR140.0bR1.0b10.7x21.8x0.2x
Fri, 17 Feb 2023R23.7bR138.1bR1.1b11.9x20.7x0.2x
Sun, 15 Jan 2023R23.1bR131.4bR1.1b13.5x22x0.2x
Price to Earnings Ratio

22x


Total Market Cap: R23.1bTotal Earnings: R1.1bTotal Revenue: R131.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Tech Sector Price to Earnings3Y Average 55.9x202420252026
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 12.7x which is lower than its 3-year average PE of 55.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.20x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 35% per year over the last three years.
  • Meanwhile revenues for these companies have declined 13% per year.
  • This means that less sales are being generated overall, but since 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 Market2.02%
Tech2.43%
Electronic Equipment and Components3.73%
IT0.83%
Communications0%0
Semiconductors0%0
Tech Hardware-0.14%
Software-0.86%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry which is trading above its 3-year average PE ratio of 2.8x.
    • 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 21% over the next 5 years.
  • However this is lower than its past earnings growth rate of 28% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 16% 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 DatatecR82.003.7%
+R684.8m		66.5%PE13.9x
AEL AltronR20.302.1%
+R156.6m		-11.7%PE12.4x
IOC iOCOR4.301.4%
+R36.8m		75.5%PE10.8x

Latest News

PBT
R6.51
PBT Holdings
7D
-9.6%
1Y
16.0%
4SI
R0.71
4Sight Holdings
7D
-5.3%
1Y
9.2%
IOC
R4.30
iOCO
7D
1.4%
1Y
75.5%
DTC
R82.00
Datatec
7D
3.7%
1Y
66.5%
AEL
R20.30
Altron
7D
2.1%
1Y
-11.7%
ISA
R2.30
ISA Holdings
7D
-0.9%
1Y
24.3%

Optimistic Investors Push ISA Holdings Limited (JSE:ISA) Shares Up 34% But Growth Is Lacking

Nov 28
Optimistic Investors Push ISA Holdings Limited (JSE:ISA) Shares Up 34% But Growth Is Lacking
MST
R14.58
Mustek
7D
-0.1%
1Y
-4.1%