STOCK EXCHANGEMarket
STOCK EXCHANGEMarket Segmentationis working for JSE4Sight moves from AltX to the JSE Main Board.4Sight, a multinational diversified technology group,became the first Altx company to transfer its listingto the Main Board General Segment in January 2025.This listing builds on the momentum of 2024,during which eight companies secured listings on the JSE.This notable improvement in listing activity reflects a broaderpositive shift in market sentiment, supported by favourablemacroeconomic conditions, and signals confidence in the JSEas a platform for companies seeking to expand their marketpresence and access capital.4Sight also becomes the first company to transition fromAltX to the General Segment since the Financial Sector ConductAuthority (FSCA) approved amendments to the ListingsRequirements as part of the JSE’s Market Segmentation Projectin September 2024. This initiative repositioned the MainBoard into two distinct segments, Prime and General,providing a tailored level ofregulation that aligns with thesize and liquidity of issuers.Since the introductionof the General Segment in2024, 22 companies from theMain Board have transition tothis segment. This shifthighlights the segment'sattractiveness and the JSE'sdedication to offering aflexible and supportiveregulatory environment.The tailored approach ofthe General Segment allowscompanies to benefit fromregulations that match theirsize and liquidity, promotinggrowth in the market.“The successful transitionof 4Sight from AltX to theMain Board demonstrates theeffectiveness of the MarketSegmentation Project in creating a pathway for companiesto grow and graduate as they expand their operations andstrengthen their market position. This framework ensures thatcompanies of varying sizes and liquidity profiles can thrive withina structure that supports their specific needs while maintainingthe integrity of the market,” said Valdene Reddy, Director: CapitalMarkets at the JSE.The move to the Main Board offers 4Sight increasedcredibility and access to broader market opportunities. Aspart of its classification in the General Segment, the companycan now apply an automatic annual rolling general authorityto issue shares for cash, representing up to 10% of its issuedshare capital, without requiring shareholders’ approval.The company will trade under the JSE code 4SI, with morethan 534-million ordinary shares in issue.“This is a proud moment for 4Sight Holdings,” said TertiusZitzke, Group CEO of 4Sight Holdings. “The Main Board listingenhances our credibility and solidifies our position in thetechnology sector. This achievement not only showcases ourcompany's resilience but also affirms our commitment toproviding exceptional worth to our stakeholders.”4Sight specialises in artificial intelligence and digitaltransformation, focusing on the convergence of informationtechnologies and operational technologies to preparebusinesses for the future. Since its initial listing on AltX in 2017,4Sight has grown to become the 41st company to migratefrom the platform to the JSE Main Board since 2007.“It is always encouraging to see companies progressing onthe exchange. Technology remains a key driver of innovationand economic growth, and investment in this sector willplay an increasingly important role in shaping South Africa’sdevelopment and competitiveness in the global economy,”concludes Reddy.This listing increases the number of listed companies to 279,with a market capitalisation exceeding R19.6-trillion.The JSE is currently ranked in the Top 20 largest stockexchanges in the world by market capitalisation, and is thelargest stock exchange in Africa, having been in operation for137 years.ABOUT THE JSEThe Johannesburg Stock Exchange (JSE) has a well-established history of operating as a marketplace for trading financial products.It is a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world-class, sociallyresponsible products and services for the investor of the future. It offers secure and efficient primary and secondary capital marketsacross a diverse range of securities, spanning equities, derivatives and debt markets. It prides itself on being the market of choicefor local and international investors looking to gain exposure to leading capital markets on the African continent.44 | www.opportunityonline.co.zaPHOTO: Andres de Wet, Wikimedia Commons
