Software group founder quits as three months’ special leave come to an end
Sbu Shabalala, the founder and CEO of Adapt IT, has resigned, leaving the reins to a long-time executive at the tech group who is seen by investors as a natural fit to navigate a tie-up with a Canadian multinational.
Shabalala, whose resignation is with effect from August 6, has been on three months’ special leave since May after allegations appeared in the Sunday Times that he hired thugs to beat up his estranged wife’s partner. He has dismissed the accusations as being without merit...
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