South African tycoon Jens Montanana, the founder of Datatec, has experienced another significant decline in the market value of his stake in the multinational technology group due to a sustained plunge in the company's shares.
According to data tracked by Billionaires.Africa , Jens Montanana's stake in Datatec has plunged by R79.26 million ($4.31 million) over the past thirteen days as investors on the Johannesburg Stock Exchange (JSE) continue to reduce their holdings in the company.
This comes on the heels of previous losses recorded between May 10 and 15, when Montanana's shares in the company fell by $2.6 million, from$67.92 million to $65.32 million.
Datatec's market cap slumps below $460 millionDatatec is a South African-based technology group that provides ICT solutions and services, including software and cloud computing solutions such as Infrastructure as a Service (IaaS) and Software as a Service (SaaS).
