South African tech shares — one company up 1,100% in ten years

📆 10/03/2022 13:03:00
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Over the past ten years, one South African tech stock increased by 1,100%, while another plummeted by 90%.

South African tech stocks have experienced a lot of volatility over the last decade, with the best-performing share, Alaris, gaining 1,100% and the worst-performing share, Ellies, losing 90.2%.

Alibaba, for example, plummeted from a high of around $300 to under $100 over the last eighteen months. As if conditions were not bad enough, Russia’s invasion of Ukraine and the subsequent spike in the oil price further dampened investor confidence.

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