Datatec Falls Most in 14 Years as Weaker Currencies Hurt Profit

  • Company reports first-half foreign exchange losses of $10.6m
  • Shares decline as much as 22%; cuts year-to-date gains to 10%

Datatec Ltd., a South African computer-technology company, fell the most in more than 14 years after reporting a 25 percent fall in first-half earnings per share due to a weaker Angolan kwanza and rand against the U.S. dollar.

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