The share prices of 4Sight, MultiChoice, and ISA were the best performers on the JSE in the first quarter of 2024, while Ellies, Ayo, and Mustek were the worst, a MyBroadband analysis shows.
Its current strategy appears to be paying off handsomely, as a R1,000 investment in 4Sight shares at the start of the year would have been worth R1,520 by the end of the first quarter. The majority of this was due to an excellent showing by its IT unit, which doubled operating profit from R12.9 million to R26.8 million.
“With good management and our pricing policy, we had zero foreign exchange losses in the 2023 period. We also managed cashflow with proper financial controls in place, which supported cash growth of 44.8%,” Van der Merwe said. MultiChoice shareholders have been coining it in 2024, with the value of a R1,000 investment at the start of the year climbing to R1,437 by the end of March.