Datatec weathers supply chain storm

Technology group Datatec, which has just announced a R2.7bn special dividend, expects strong demand for its software and services in networking, cybersecurity and cloud infrastructure in the second half of its financial year.

“Order intake remains strong which is a positive forward-looking indicator,” the group said in its interim results announcement for the 2023 financial year on Thursday. “Logicalis is now managed in two segments, Logicalis International and Logicalis Latin America, to align better with the group’s strategy and provide operational flexibility. Logicalis International had a steady performance while Latin America, as expected, continued to be negatively impacted by weak regional economic conditions compounded by supply chain constraints,” said DatatecLogicalis Latin America’s interim revenue fell 21.3% to $218.8m.

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