4Sight wants to put bruising board battle behind it

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South Africa Headlines News

New CEO wants to refocus after the technology group’s public spat and suspension from the JSE

The newly appointed CEO of technology group 4Sight, Tertius Zitzke, says he wants the group to focus on offering high-quality technological solutions to customers in order to recover from the damage of a highly public spat over the composition of its board.

Zitzke said on Thursday the fight had been over the direction of 4Sight, which had been acting more as an investment holding company instead of a technological firm that was benefiting from synergies from its various subsidiaries. The company was working on a new strategic plan to realise the benefits of multiple subsidiaries working together, as well as prioritising the release of its late results, which are expected to be delivered by the end of November. The company had received a qualified audit in its year to end-December, due to the auditors being unable to verify some financial statements about recently acquired subsidiaries.“Our biggest thing is customers’ sentiment, which we need to fix.

 

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