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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”.

Cape Town-based education-technology start-up iXperience has secured $2.5-million in series-A funding from South African investment firms Kalon Venture Partners and Caleo Private Equity.

Parabolic jumps in digital tokens such as ether, dogecoin and binance coin are outshining bitcoin, prompting more questions about whether that segment of the cryptocurrency sector is ripe for a reckoning.

Former MTN Group CEO Phuthuma Nhleko has been appointed as non-executive director of the JSE from 1 July and will take on the additional role of chairing the board from next year.

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.

SpaceX will launch the “Doge-1 Mission to the Moon” in the first quarter of next year, with Elon Musk’s commercial rocket company accepting the meme-inspired cryptocurrency dogecoin as payment.

Cryptocurrency ether broke past $4 000 on Monday, climbing to a new peak for a third session in a row on bets it may find new uses, lifting other digital currencies in its wake.

Sony has warned that the PlayStation 5 will remain in short supply into next year, suggesting the company will be constrained in its ability to boost sales targets for its latest games console.