The Datatec special dividend of R7.1 billion follows a General Atlantic refinancing, with founder Jens Montanana set to collect about R1.3 billion.
SOUTH AFRICA · BUSINESS
Key Facts
—R7.1 billion: Datatec is paying shareholders a special dividend worth about R7.1 billion ($434.5 million).
—The trigger: The payout follows a refinancing deal with the US investment firm General Atlantic.
—A founder’s windfall: Founder and chief executive Jens Montanana is set to collect about R1.3 billion.
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