4Sight Holdings hoping to be back soon
Zitzke, in an interview, explained what had led to a stormy special general meeting (SGM) being called by the shareholders in October that led to an entirely new board being appointed. The company was trading healthily at present, he said.
Some 95percent of the information technology company’s shares are owned by the management of the 32 business units in the group. When the company was suspended from the JSE for failing to report interim results, so was the trade in these shares.
Zitzke, also an owner of one of the subsidiaries, said they had all previously bought into the vision of previous chief executive Antonie van Rensburg, of unlocking synergies within the companies to take advantage of opportunities in the Fourth Industrial Revolution (4IR).
But the management appointed after Van Rensburg had started to operate 4Sight Holdings merely as an investment company.
Source: iol.co.za