4Sight trade suspension lifted by JSE, positions itself for 2020 growth - December 2019
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December 2019
4Sight trade suspension lifted by JSE,
positions itself for 2020 growth
4Sight trade suspension lifted by
JSE, positions itselfCompany Profile
for 2020 growth |2
3
4SIGHT TRADE SUSPENSION LIFTED BY JSE,
POSITIONS ITSELF FOR 2020 GROWTH
27 December 2019 – JOHANNESBURG, “Now that we have a robust governance
SOUTH AFRICA – The Johannesburg Stock structure in place, the group is in a position
“The board has made substantial
Exchange (JSE) has rescinded the to capitalise on its strong cash flows and
progress during its short time in
suspension on 4Sight Holdings Limited, and skills base by repositioning itself as an
office, and the business is now in shares are available for trade as of today, 27 integrated provider of solutions related to
a positive position to deliver on December 2019. the Fourth Industrial Revolution (4IR),” Mr.
growth targets for 2020.” Zitzke says. “Our executive and
management committees recently spent a
The suspension was triggered by the non-
full day with the non-executive members of
publication of its six-monthly interim
financial results for the period January to the board to provide an in-depth overview of
the business and what its potential is. We
June 2019. These have now been audited
covered not only what the various offerings
and approved by the new board, and
submitted to the JSE, which opened the way and solutions are, but also our go-to-market
strategy.
for the group’s shares to return to the ALTX
bourse.
“I’m happy to say that their reaction was very
“This is an important milestone in getting positive, and we now have the benefit of not
only a board with a strong governance focus
the company back on track,” says Tertius
but also one with a clear vision of where we
Zitzke, who was permanently appointed CEO
of 4Sight on 29 November 2019. “The board are going strategically.”
has made substantial progress during its
short time in office, and the business is now The board and exco of 4Sight have agreed
in a positive position to deliver on growth that the best way to position the group for
targets for 2020.” growth is to ensure stronger alignment
between all the group subsidiaries to provide
end-to-end solutions for customers. This
Since the new board took over at the Special
General Meeting on 6 November 2019, it has presents a change from its past position,
where 4Sight saw itself primarily as a
successfully removed one of its
holding company.
subsidiaries, Foursight Holdings (Pty) Ltd,
from business rescue.
“4IR presents a set of complex digital
transformation challenges for organisations,
At its first meeting, the board confirmed
and we can add real value by providing
both the appointment of Zitzke and Eric van
der Merwe as Chief Financial Officer. It also turnkey solutions that bring together
operational and information technologies.
finalised the composition of key board
4Sight is greater than the sum of its parts,”
committees.
he says.
4Sight trade suspension lifted by
JSE, positions itselfCompany Profile
for 2020 growth |3
4SIGHT TRADE SUSPENSION LIFTED BY JSE,
POSITIONS ITSELF FOR 2020 GROWTH
“This value-adding approach will be To support the company’s expected growth,
“We are optimistic that the new
supported by the strong governance we have Zitzke announced a strong recruitment drive,
solid foundation for 4Sight will put in place, along with integrated back- saying a key target is to increase the group’s
be finalised by mid-2020, and we office processes.” already impressive talent pool by 30%.
are enormously positive about
the potential we will unlock by Critically, he continues, 4Sight will go to “We are optimistic that the new solid
offering solutions tailored to market with a single sales message, based foundation for 4Sight will be finalised by mid-
defined client segments.” on client tiering. The team is engaged in 2020, and we are enormously positive about
developing solution offerings for each tier, the potential we will unlock by offering
which enables sustainable digital solutions tailored to defined client segments,”
transformation. It is also reviewing all group concludes Mr. Zitzke. “We have an unmatched
companies to establish whether they are set of skills backed by strong vendor
able to contribute to the new group strategy. relationships, and we are now in a position to
offer the market what no other company can.”
4Sight trade suspension lifted by
JSE, positions itselfCompany Profile
for 2020 growth |4
3
ABOUT 4SIGHT HOLDINGS LIMITED
Formed in 2017, 4Sight Holdings is a JSE-listed, multi-national, diversified technology and
investment holding group. Its purpose is to invest in companies with extensive product and
services portfolios, focused on 4IR technologies and to develop and grow those solutions.
The company’s mission is to empower our 4Sight’s business model enables its partners
partners to future-proof their businesses to take advantage of products and solutions
through digital transformation in order to within its group of companies, which will allow
make better and more informed decisions them to enjoy turnkey digital transformation
in the modern digital economy. solutions across industry verticals.
For further information, please contact us:
Tertius Zitzke
Chief Executive Officer
4Sight Holdings
Mobile: +27 82 552 4525
Email: tertius.zitzke@4sightholdings.com
Willie Ackermann
Chief Sales and Marketing Officer
4Sight Holdings
Mobile: +27 83 653 4885
Email: williea@4sightholdings.com
Head Office South African Office Investor Relations
Ground Floor, Tower 1 Battler House, investors@4sightholdings.com
NexTeracom Building 28 Roos Street,
Cybercity, Ebène Fourways,
Mauritius Johannesburg
+230 454 7367 +27 11 568 0800
Email: info@4sightholdings.com
Web: www.4sightholdings.com
LinkedIn: https://www.linkedin.com/company/4sightholdings/
YouTube: http://bit.ly/4Sight_YouTubeYou can also read
