4Sight’s eye on growth and investment in artificial intelligence (AI) is the focus of this edition of the Business Day Spotlight.
Our host, Mudiwa Gavaza, is joined by executives from 4Sight: CEO Tertius Zitzke and chief sales and marketing officer Willie Ackerman.
4Sight, traditionally invested in technology, telecommunication and media sector companies, has undergone a transformation in the past three years after a fallout with previous management, and is listed on the JSE’s AltX exchange.
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With 4Sight having turned a corner over the past three years, Zitzke and his team are now focused on growing the company.
Last week, the company reported that revenue from operations increased by 20.7% to R696m for the year ended December 2022, compared to R576.8m in the prior period. Headline earnings per share (Heps) — which strip out the effects of one-off financial events — increased 35.4% for the period from 1.757c previously to 2.379c.
The group has taken a big bet on AI, incorporating features like ChatGPT into some of its platforms for enterprise clients.
Topics of discussion include: a review of 4Sight’s full earnings report, efforts to turn around the once-ailing business, investments in AI and plans for growth.
Business Day Spotlight is a TimesLIVE Production.
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