Most of Datatec’s R7-billion payout was taken in shares, not cash
Datatec expects underlying earnings per share for the six months to 31 August to rise by between 53% and 61%, a day after issuing 94.3 million new shares to investors who chose stock instead of cash from its R7.05-billion special dividend. The JSE-listed ICT group said in a trading statement on Tuesday that underlying earnings…