Datacentrix back on track
Summary
Johannesburg - JSE-listed information and communication technology (ICT) company Datacentrix - predominantly an infrastructure player - has nursed itself back into a healthy position in the second half after a very disappointing interim performance. Datacentrix shareholders rewarded the company handsomely for the better than expected second half, with a 17.1% jump in the share price to 350c by late afternoon on Wednesday. Numbers more what was expected Chairperson Gary Morolo - who moves from an executive into a non-executive capacity from here on - said in jest that after the half year hed asked the Inanda Club, where the company always presents its results to shareholders, for a bigger lectern to hide behind. Morolo said the declining sales trend had been substantially reversed, the over investment in people had been curbed through performance management and natural attrition and was now more in line with the level of business that it was winning. Director Klaas Lammers said Datacentrix retained its focus on South Africa and saw potential for significant growth in an IT market worth R30bn to R40bn.