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Datatec rises to 11-year high

Johannesburg - Shares in Datatec [JSE:DTC] touched levels not seen since the bottom of the dot-com bubble, after the South African IT group said it is likely to pay 9 US cents in a second-half payout to shareholders and as it confirmed full-year forecasts.

Datatec was up 0.84% at R43.14, giving up most of its gains after earlier rising by as much as 5.42% to a high of R45.10, its highest level since late 2000.

The company confirmed full-year forecasts - made in October - that called for a 76% rise to 42 US cents in headline earnings per share.
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