4Sight moving listing from AltX to JSE main board4Sight moving listing from AltX to JSE main board

Diversified technology group 4Sight Holdings will move its Johannesburg Stock Exchange (JSE) listing in South Africa from the Alternative Exchange (AltX) to the "general segment" of the JSE main board.

"This significant milestone reflects the company's robust growth, enhanced business profile, and continued commitment to long-term value creation for stakeholders," the group said in a statement.

4Sight Holdings had been listed on the JSE's AltX since 2017 and will move to the JSE's main board on January 29, 2025, under the ticker 4SI.  

The AltX is a division of the bourse that focuses on small and midsized high-growth companies and is used as a springboard for companies to eventually list on the JSE main board, which is reserved for larger companies.

4Sight is an artificial intelligence (AI) focused company specializing in the digital transformation of corporate businesses and the convergence of information technologies and operational technologies.

4Sight was founded in South Africa but now operates across Africa, Europe, the Middle East, Australasia and the Americas, working with over 1,000 partners to bring 4Sight's offerings to the market.

4Sight called the move to the JSE main board "a major achievement" as the company continues to expand its footprint in the global technology sector.

Related:4Sight Holdings ramps up 4IR, enterprise tech expansion

The change also underscores the company's confidence in its business model, the increasing maturity of its operations, and its readiness for further growth in the public market, it said.

A new chapter

4Sight Holdings Group CEO Tertius Zitzke called the transition to the main board of the JSE an important step in the company's strategic journey. 

"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," he said in a statement.

Zitzke spoke to Connecting Africa back in 2023, highlighting the group's plans to expand its business across Africa and further afield in response to high demand for digital transformation and fourth industrial revolution (4IR) technologies in the enterprise market.

4Sight Holdings Group CFO Eric van der Merwe and Group CEO Tertius Zitzke. (Source: 4Sight Holdings)

4Sight believes the listing upgrade will further increase the company's visibility, attract more investors, and open up new opportunities for growth.

"The transfer to the Main Board solidifies our position as a mature, well-capitalised company ready to seize strategic opportunities”, added Group CFO Eric van der Merwe.

"This move verifies our financial performance and confidence in 4Sight's ability to drive innovation in a highly competitive landscape," he added.