Thursday, 15 January 2009

Datatec Ltd warns

Datatec Ltd., the biggest computer services company in Africa, warned that it will see a full-year profit drop. Earnings per share will only be between 25 U.S. cents to 29 cents, down from 45 cents a share a year earlier.

The warning comes as a result of rapid appreciation of the dollar against a number of currencies including the rand.

Datatec sells communications and computer equipment for companies such as Cisco Systems Inc.

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