TechCentral spoke to Adapt IT CEO Tiffany Dunsdon about the software services group’s wild 2021 and what the future holds.
Browsing: Volaris Group
MTN Group had a barnstorming 2021. The telecommunications group, despite its size, was the best performer among technology shares in South Africa last year.
Adapt IT’s listing on the JSE will be terminated on 4 January 2022 after 13 years on the bourse’s main board.
Failure by a regulator in Zimbabwe to approve timeously the sale of JSE-listed Adapt IT to Canada’s Volaris Group is now holding up the planned transaction.
The Competition Commission has approved the acquisition by Canada’s Volaris Group of JSE-listed Adapt IT but has imposed conditions related to black ownership.
Software services group Adapt IT eked out a 1% improvement in revenue in what will likely be its final set of results as a listed company on the JSE.
Newly appointed Adapt IT CEO Tiffany Dunsdon will remain based in Perth, where she has lived for the past 12 years.
Adapt IT, the software services group that is currently the subject of a takeover by Volaris Group, said on Tuesday that it expects to report a 1% improvement in revenue for the 12 months to June 2021.
Adapt IT CEO Sbu Shabalala has resigned with immediate effect after agreeing to go on a leave of absence three months ago related to serious armed assault allegations against him.
Huge Group’s efforts to acquire software services group Adapt IT appears to be all over bar the shouting. This after shareholders representing just 1.9% of Adapt IT shares accepted its offer.