Adapt IT sale emerges unscathed by assault allegations against CEO
Sbu Shabalala accused of orchestrating attack on estranged wife’s partner, but purchase of his firm will go ahead
The sale of Adapt IT may not be affected by the recent damaging claims against founder and CEO Sbu Shabalala, with one of the bidders for the company saying the offer stands.
Shabalala is accused of arranging an assault of his estranged wife’s partner on May 1.
James Herbst, CEO of The Huge Group, confirmed a special board meeting to discuss the offer was held on Tuesday morning and the “board’s position remains” to continue with the transaction...