Browsing: Sbu Shabalala

Adapt IT profits, revenue surge higher

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Durban-based technology services company Adapt IT has grown headline earnings per share by 55% to 34,55c in its 2014 financial year, which ended in June. That was on the back of a 34% rise in revenue to R406,3m and a 69% improvement in operating profit to R49,6m. On the

Adapt IT in R98m SAP buy

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JSE-listed Adapt IT has acquired a 100% stake in South African oil and gas consultancy Aquilon in a deal worth R98m. The acquisition will allow Adapt IT to expand into Africa’s fast-growing energy sector and strengthen its SAP solutions expertise. Aquilon

Faith and focus for AdaptIT’s Shabalala

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AdaptIT founder and CEO Sbu Shabalala looks far younger than his 40 years. Impeccably dressed and softly spoken, Shabalala, a Durbanite, looks more like a backroom accountant than the head of a JSE-listed IT company. Over the

Adapt IT on the hunt for acquisitions

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Following its acquisition of SAP specialist Swicon360 in 2012, JSE-listed technology group AdaptIT says it is again looking for acquisitions of companies that operate in complementary areas and that will bring long-term, blue-chip clients to the table. The company’s