9 Best Performing Tech Stocks On The Johannesburg Stock Exchange

Written by Peter Pedroncelli

The Johannesburg Stock Exchange has seen a mixed bag of success and failure for tech stocks over year ending June 30, with some companies managing to provide positive returns for investors while others fell out of favor and lost value.

Nine tech stocks in particular did well.

While big names such as MTN, Telkom and Blue Label Telecoms lost value over the period, tech stocks such as Vodacom and Naspers grew their valuations on the JSE.

Here are the 9 best performing tech stocks on the Johannesburg Stock Exchange.

Sources: JSE, BusinessLive, BusinessTech, TechCentralSharenetMarketWatch.

Reunert College forms part of a tradition of investing in education, tech and innovation. Photo - Reunert College
Reunert College forms part of a tradition of investing in education, tech and innovation. Photo – Reunert College

Reunert Limited

The fiber optic-cable manufacturing company with a trading code of RLO was able to emerge from the last year in the black, seeing gains of 2.9 percent during 2017, as well as 8.5 percent over the course of the last 12 months.

Huge Group's headquarters in South Africa. Photo - LinkedIn
Huge Group’s headquarters in South Africa. Photo – LinkedIn

Huge Group

The strategic acquisition tech firm outperformed Blue Label Telecoms, Telkom and Adapt IT, growing the company by a staggering 45.5 percent over the last 12 months and by 3.9 percent year-to-date.

Ellies Holdings sells various electrical goods. Photo - Ellies
Ellies Holdings sells various electrical goods. Photo – Ellies

Ellies Holdings

Electrical equipment supplier Ellies Holdings was another tech stock performing well on the Johannesburg Stock Exchange, with the company experiencing 10 percent positive growth since January, and growth over the last year amounting to 26.9 percent.

South African IT Firm - Datatec CEO Jens Montanana. Photo: Techcentral
Datatec chief executive officer Jens Montanana. Photo: Techcentral

Datatec

Datatec’s share price on the Johannesburg Stock Exchange has risen 13.5 percent since January, with most gains arriving in June after the sale of U.S. subsidiary Westcon-Comstor’s operations in North America and Latin America to U.S.-based Synnex for around $830 million.

Alviva Holdings chief executive Pierre Spies is well respected in ICT circles. Photo - Techcentral
Alviva Holdings chief executive Pierre Spies is well respected in ICT circles. Photo – Techcentral

Alviva Holdings

The share price of computer manufacturing company Alviva, formerly known as Pinnacle Holdings, has risen along with growth prospects due to disposals and acquisitions of assets. The company experienced 17.2 percent year-to-date growth, as well as 39.3 percent growth over the 12-month period.

share acquisition - 160232989 Vodacom billboard in Johannesburg. Photo: Nadine Hutton/Bloomberg/Getty
Vodacom have done well on the JSE during the last year. Photo: Nadine Hutton/Bloomberg/Getty

Vodacom

While MTN saw its shares fall by 2.7 percent so far this year, competitor mobile operator Vodacom has seen gains rise to 20.7 percent so far for 2016 and 15 percent over the last 12 months, thanks in part by strong customer additions as they welcomed three million new subscribers in South Africa.

Naspers is invested in companies around the globe. Photo: Moneyweb

Naspers

Africa’s largest company continues to provide good news for its shareholders while attracting new investors with ease. The year has been kind to the media giant thus far, with gains of just under 40 percent revealing the group’s excellent performance on the South African exchange.

South African company MiX Telematics lists on the New York Stock Exchange. Photo - YouTube
South African company MiX Telematics lists on the New York Stock Exchange. Photo – YouTube

MiX Telematics

MiX Telematics, founded in 1996 in South Africa, is a global provider of driver safety, vehicle tracking and fleet management services and solutions in over 120 countries including the U.S., Brazil, Australia, and the United Arab Emirates. The tech company’s stock grew by 61.5 percent on the Johannesburg Stock Exchange over the last year.

Mteto Nyati is the chief executive officer of Altron. Photo - Tweetlz
Mteto Nyati is the chief executive officer of Altron. Photo – Tweetlz

Altron

Honors for the top performing of the JSE tech stocks go to Altron, rising 52.2 percent since January based on shareholder optimism that the group, which is recovering from a share price that fell sharply in recent years, is headed in a positive direction under new CEO Mteto Nyati.

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About Peter Pedroncelli
Peter Pedroncelli is a writer and editor based in Johannesburg.

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