While many South African companies listed on the JSE had a tough year, one South African tech stock, 4Sight Holdings, produced price returns of over 40%.It offers a range of technology products and services through its subsidiaries, which focus on digital transformation.
4Sight Holdings is a true small-cap company with a market cap of R202 million. It, therefore, does not enjoy the attention of institutional investors or large fund managers.Its share price enjoyed strong support in recent weeks, which helped it to increase from R0.25 in the beginning of August to R0.50 in September.
4Sight generated strong free cash flow for the period under review, growing by 33.0% to R93.4 million from R70.3 million as of 31 December 2022.
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