MTN and Vodacom dwarf South Africa’s listed tech sector

MTN and Vodacom dwarf South Africa’s listed tech sector


MTN and Vodacom dwarf South Africa’s listed tech sector

MTN Group and Vodacom Group, the 2 giants of South Africa’s telecommunications sector, every clock up greater than R1-billion in income in simply two and three days, respectively.

TechCentral analysed firms listed within the know-how part of the JSE, together with these within the tech-heavy telecoms sector, to see simply how rapidly domestically listed tech firms rack up income.

Just a few issues are price noting. MultiChoice Group has been included within the evaluation regardless of its delisting in December 2025 following its acquisition by French pay-TV large Groupe Canal+. Cell C, which was spun out of Blu Label Limitless and individually listed in November final 12 months, has additionally been included primarily based on Blu Label’s most up-to-date annual reporting — with its income not subtracted from Blu Label’s figures.

The each day run charge is calculated by dividing complete annual income by 365. This crude common doesn’t account for seasonality, public holidays or different components that decide the ebbs and flows of earnings era in a given monetary 12 months. All figures are taken from the newest obtainable annual reviews, which cowl differing monetary year-ends.

With group income of R226.7-billion and R152.2-billion, respectively, pan-African operators MTN and Vodacom outstrip their JSE-listed friends by a substantial distance. MTN’s each day run charge of roughly R621-million and Vodacom’s R417-million spotlight the sheer scale of the nation’s telecoms giants — and the chance posed by any disruption to their operations.

Sizzling on their heels is know-how funding and e-commerce large Naspers, which takes about three days to rack up R1-billion in income.

Chase pack

The chase pack is led by IT companies agency Datatec (R67.3-billion in annual income), adopted by MultiChoice (R50.8-billion), with Telkom Group in sixth place total. Platform specialist WeBuyCars (R26.4-billion) rounds out this group. Telkom’s efficiency in South Africa’s pay as you go market has been excellent, however with rivals Vodacom and MTN altering ways to regain market share, whether or not Telkom can maintain its positive aspects shall be price watching.

Blu Label takes 26 days and Reunert 27 days to make R1-billion, with revenues within the R38-million/day vary. Lesaka Applied sciences is the primary of the fintechs to characteristic within the comparability, with newly listed Optasia (R4.4-billion) touchdown in seventeenth place. Optasia delivered better-than-expected outcomes for the 12 months ended 31 December 2025.

Altron — one other JSE stalwart — takes 37 days to make R1-billion. Mustek, the IT distribution group, crosses the road in 51 days.

Monsters and minnows

Supply: Writer’s analysis. Notes: Datatec numbers transformed from US {dollars} at R18.50/$ as at monetary year-end

Additional down the desk, the gaps widen dramatically and the information begins telling a unique sort of story.

iOCO, the ICT companies enterprise carved out of EOH, and Weaver Fintech sit at 66 and 67 days, respectively. Karooooo, the guardian firm of auto monitoring specialist Cartrack, takes 80 days, whereas Bytes Know-how Group — a UK-listed however South Africa-originated software program licensing and IT options enterprise — reaches the milestone in 91 days.

Learn: The highest-performing South African tech shares of 2025

eMedia Holdings wants 116 days and Nutun, the debt collections and BPO enterprise spun out of Transaction Capital, requires 124 days. Araxi Group (buying and selling as Capital Appreciation), the funds and fintech group, stretches to 281 days, whereas PBT Holdings and Metrofile Holdings take 336 and 343 days, respectively. 4Sight Holdings takes exactly twelve months — precisely a full 12 months — to build up R1-billion in income.

On the tail finish of the desk, ISA Holdings, the area of interest IT companies enterprise, would take 3 101 days — roughly eight-and-a-half years — to generate R1-billion at its present each day run charge of R322 523. Africa Bitcoin Company, which generates a mean of R20 782/day, would want 48 120 days — roughly 132 years. — (c) 2026 NewsCentral Media

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