13 May 2026

JSE Earnings: Tech & REITs Outperform

Despite the macro headwinds, several sectors on the JSE are showing surprising resilience

as reporting season kicks off.

• Tech Boom: Companies like Altron and Datatec have reported massive jumps in

Headline Earnings Per Share (HEPS) of between 30% and 58%, signaling a strong

appetite for digital transformation within the SA economy.

• Real Estate: Redefine Properties recently lifted its 2026 guidance after a 7.4%

increase in half-year distributable income, suggesting that the commercial

property sector is weathering the high-interest-rate environment better than

expected.

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