A new high-tech company, 4Sight Holdings, has been listed in the Non-Equity Investment Instruments sector of the JSE’s AltX board aimed at small and medium-sized companies.
4Sight Holdings is the 17th company to list on the JSE this year, but the first to focus on emerging high-tech areas like artificial intelligence (AI) and blockchain.
Donna Nemer, director of capital markets at the JSE, says the exchange welcomes 4Sight Holdings: “As an exchange it is important to the JSE to contribute to creating more opportunities for small and medium-sized companies to raise capital and grow their businesses. These companies are crucial to creating jobs, fostering innovation and pushing the South African economy forward.”
Nemer says listing on the JSE allows small and medium-sized companies to tap into large pools of capital while also raising their profile. 4Sight is the 6th company to list on AltX this year, while 4 companies have also migrated from AltX to the JSE’s main board this year.
4Sight Holdings, which is incorporated in Mauritius, seeks to enable people to make decisions in the digital economy to better the quality of their being, business, and societies. The company operates in telecommunications, media and property services industries, and utilising big data, machine learning, AI, blockchain technology and data science capabilities.
“We are the first technology company on the market that offers investors the opportunity to directly invest in the fourth industrial revolution, using new technologies such as machine learning, big data and artificial intelligence,” says Antonie van Rensburg, CEO 4Sight Holdings.
The JSE currently has 5 companies listed in the Non-Equity Investment Instruments sector. The sector has total market cap of R2.59 billion.