n Personal Finance Newsletter - South Africa's $1.5-bn champion sector

Volume 2005, Issue 298
  • ISSN :



Extracted from text ... 4 September 2005 Moneyweb's PERSONAL FINANCE INFORMATION TECHNOLOGY SECTOR REMEMBER Aplitec? When the "smart card" technology stock was delisted from the Johannesburg bourse in mid-2004, its priceequivalent was $3 a share. Fastforward to this week, when the stock listed on the Nasdaq National Exchange in the US, and traded at $28 a share. At current prices of $27.50 a share, the stock boasts a market value of $1.5-bn. The company, now fully named Net 1 UEPS Technologies, Inc., ("Net1"), has not fundamentally changed since it delisted in Johannesburg, although the business itself has since made a number of landmark ..

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