Adapt IT said on Monday that its long-serving CEO, Sbu Shabalala, will take a leave of absence for three months to “attend to personal matters”.
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Shares in Adapt IT plunged more than 10% on Monday morning after claims were published at the weekend that CEO Sbu Shabalala hired armed thugs to beat up the partner of his estranged wife, Neo.
Adapt IT CEO Sbu Shabalala has been accused of hiring armed thugs to beat up his estranged wife Neo’s partner, suspended eThekwini city manager Sipho Nzuza, according to a report published on Sunday.
Eskom has said it’s urgently seeking new providers of technical support after Oracle’s South African unit withdrew its services over a payment dispute.
First National Bank has terminated the banking facilities it provides to Iqbal Survé’s Ayo Technology Solutions, Ayo said in a statement to shareholders after markets closed in Johannesburg on Thursday.
Two decades ago, the world’s biggest software maker was in the US government’s antitrust crosshairs for its business practices surrounding its operating system monopoly. Things are different now.
EOH Holdings has reduced its headcount by 1 566 employees in the past six months, mainly through selling or closing non-core and non-performing businesses, as it streamlines its operations and further reduces debt.
EOH Holdings’ six-monthly revenue, for the period ended 31 January 2021, fell by 29% year on year, mostly due to the disposal of businesses, as it said legacy public sector contract problems are now “under control”.
Microsoft is making a massive bet on health-care artificial intelligence. The software giant is set to buy Nuance Communications, tapping the company tied to the Siri voice technology.
South Africa has several advantages that make it an attractive destination for business services, President Cyril Ramaphosa said in his weekly newsletter, published on Monday.