Financial

4Sight appoints CEO

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4Sight Holdings CEO Vincent Raseroka.
4Sight Holdings CEO Vincent Raseroka.

JSE-listed 4Sight Holdings has announced the appointment of Vincent Raseroka as its new group CEO, with effect from 1 January.

This, after the company in October announced that CEO, Antonie van Rensburg, was stepping down to take over the role of chief digital officer on 31 December.

At the time, the diversified holding company, which invests in industry 4.0 technology businesses, said CFO Jacques Hattingh would assume the day-to-day operational duties and responsibilities of the CEO role until the board had appointed a suitable successor, which it now has.

Prior to his appointment at 4Sight, Raseroka served as founder and CEO of Bridge Taxi Finance, which provides affordable credit facilities to South African entrepreneurs in the minibus taxi industry. He has also served in various management positions, including as CEO of SAA Technical; MD of Cell C Services Provider; CEO of Telkom (Multi-Links); executive chairman of Chevron SA; and in senior management positions in numerous Nampak divisions. Raseroka has also run his own private equity portfolio.

Raseroka's strategy for 4Sight includes growing the company's global footprint and reputation within its areas of specialisation by partnering with companies embracing fourth industrial revolution (4IR) solutions.

"We will assist our clients and partners with the implementation of solutions that will transform the modern-day workforce," he says in statement.

"By marrying my commercial experience and 4Sight's investment into powerful 4IR technologies, we are uniquely positioned to provide solutions that directly address our clients' needs and their business' bottom line," Raseroka says. "I look forward to contributing to this new era of 4IR-enhanced businesses."

"Globally, corporations are coming to appreciate the potential of Industry 4.0 technologies. We are witnessing a ramping up of adoption, and as this happens, 4Sight will be in excellent hands with Vince. We look forward to this next chapter in 4Sight's evolution," adds Hattingh.

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