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Fri 7 Aug 2026
Close: 8 850c 
Day's move: 20c (0.23%)
Volume: 383 461
Trades: 1 451
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Datatec - Loial acquisition by Logicalis
Datatec has acquired 100% of Loial, a New Mexico-based cybersecurity and managed services provider, through its subsidiary Logicalis USA, effective 31 July 2026. The acquisition enhances Logicalis USA’s cybersecurity capabilities and establishes a new location in New Mexico, expanding its presence in the Southwest. Loial is a recognised Splunk partner serving industries such as energy, utilities, government, and healthcare. This voluntary acquisition aligns with Datatec’s growth strategy, though it does not require shareholder approval under JSE rules.
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Datatec - change of chair of ARCC
Datatec, announced that Saleh Mayet will succeed Deepa Sita as Chair of the Audit, Risk and Compliance Committee (ARCC) on 1 August 2026.
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Datatec - AGM report on proceedings
The annual general meeting ("AGM") of Datatec was held on 23 July 2026, where all proposed resolutions were approved by significant majorities. Shareholders representing 80.84% of total voteable shares participated. Key resolutions included the re-election of directors M Makanjee, SJ Everaet, and CR Jones, with votes exceeding 97%. The appointment of new independent auditors received 100% approval. Other resolutions, such as the authority to repurchase shares and approve remuneration policies, also gained strong support, with approval percentages above 97%. Notably, the authority to provide financial assistance to Group companies was approved by 88.29%.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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