4Sight, a multinational diversified technology group today becomes the first Altx company to transfer its listing to the Main Board General Segment.  

 

Published 29 Jan 2025
Posted by NdivhuwoM

Johannesburg, 29 January 2025This listing builds on the momentum of last year, during which eight companies secured listings on the JSE. This notable improvement in listing activity reflects a broader positive shift in market sentiment, supported by favourable macroeconomic conditions, and signals confidence in the JSE as a platform for companies seeking to expand their market presence and access capital.

4Sight also becomes the first company to transition from AltX to the General Segment since the Financial Sector Conduct Authority (FSCA) approved amendments to the Listings Requirements as part of the JSE’s Market Segmentation Project in September 2024. This initiative repositioned the Main Board into two distinct segments—Prime and General—providing a tailored level of regulation that aligns with the size and liquidity of issuers.

Since the introduction of the General Segment last year, 22 companies from the Main Board have transition to this segment. This shift highlights the segment's attractiveness and the JSE's dedication to offering a flexible and supportive regulatory environment. The tailored approach of the General Segment allows companies to benefit from regulations that match their size and liquidity, promoting growth in the market.

"The successful transition of 4Sight from AltX to the Main Board demonstrates the effectiveness of the Market Segmentation Project in creating a pathway for companies to grow and graduate as they expand their operations and strengthen their market position. This framework ensures that companies of varying sizes and liquidity profiles can thrive within a structure that supports their specific needs while maintaining the integrity of the market," said Valdene Reddy, Director: Capital Markets at the JSE.

The move to the Main Board offers 4Sight increased credibility and access to broader market opportunities. As part of its classification in the General Segment, the company can now apply an automatic annual rolling general authority to issue shares for cash, representing up to 10% of its issued share capital, without requiring shareholders’ approval.

The company will trade under the JSE code "4SI," with more than 534 million ordinary shares in issue.

“This is a proud moment for 4Sight Holdings," said Tertius Zitzke, Group CEO of 4Sight Holdings. "The Main Board listing enhances our credibility and solidifies our position in the technology sector. This achievement not only showcases our company's resilience but also affirms our commitment to providing exceptional worth to our stakeholders."

4Sight specialises in artificial intelligence and digital transformation, focusing on the convergence of information technologies and operational technologies to prepare businesses for the future. Since its initial listing on AltX in 2017, 4Sight has grown to become the 41st company to migrate from the platform to the JSE Main Board since 2007.

"It is always encouraging to see companies progressing on the exchange. Technology remains a key driver of innovation and economic growth, and investment in this sector will play an increasingly important role in shaping South Africa’s development and competitiveness in the global economy," concludes Reddy. 

Today’s listing increases the number of listed companies to 279, with a market capitalisation exceeding R19.6 trillion.

ENDS

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ABOUT 4SIGHT

4Sight is a multi-national, diversified technology group listed on the General Segment of the Main Board of the JSE (ticker: 4SI). Its strategic vision is Digital AI Transformation for businesses, through seamlessly integrating the Operational Technologies (OT) and Information Technologies (IT) worlds with the Business Environment (BE), to achieve the ultimate goal of Artificial Intelligence (AI) for boosting productivity across all sectors. Through its Channel Partner (CP) network, 4Sight reaches more than 900 partners who benefit from its cutting-edge technological services and solutions.

The four Clusters of 4Sight focus on serving the specific needs of their target industries with their own innovative IP solutions, while leveraging their deep domain expertise, thus empowering our customers and partners to future proof their businesses through digital AI transformation, to make better and more informed decisions in the modern digital economy.

For more information, please visit www.4sight.cloud.

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