To say the bidding war for Sbu Shabalala’s Adapt IT is “heating up”, “eventful” or “interesting” would not do justice for a company that has largely flown under the radar for years.
The company finds itself at its strongest in years and is the subject of two takeover bids valuing it at about R1bn, a large premium above its market cap just before any offer was made...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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Adapt IT sale emerges unscathed by assault allegations against CEOSbu Shabalala is accused of orchestrating an attack of estranged wife’s partner, but a purchase of his firm will go ahead regardless
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Adapt IT boss takes leave, says allegations are without meritJSE-listed Adapt IT's CEO Sbu Shabalala has confirmed he has taken “extended leave” to rest while he deals with “personal battles”.
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Adapt IT CEO denies involvement in assault claimsSbu Shabalala says accusations he hired people to assault his estranged-wife’s partner are without merit 🔒
Source: BDliveSA - 🏆 12. / 63 Read more »
Adapt IT’s shares plunge amid CEO divorce battle reportsShares fell as much as 11.3% in trade on Monday, after reports CEO Sbu Shabalala allegedly hired thugs to beat up his estranged wife's partner
Source: BDliveSA - 🏆 12. / 63 Read more »
Adapt IT CEO denies hand in assault claims amid buyout concernSbu Shabalala says accusations he hired people to assault his estranged-wife’s partner are without merit I’m back with smile on my face again thanks to MALYAROVALARA_ I don’t know what to say.... you’re the reason behind my successful trade life!! God bless you for your good works Who else then dude?
Source: BDliveSA - 🏆 12. / 63 Read more »