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The JSE-listed Adapt IT s founder Sbu Shabalala is fighting back against accusations that he orchestrated a violent attack on his estranged wife s partner.
He says that that the attack was unrelated to him, and the allegations are without merit .
The reported victim of the attack is s
uspended eThekwini city manager Sipho Nzuza, who is out on bail in a R430m tender fraud case.
Adapt IT founder and CEO Sbu Shabalala has broken his silence following allegations that he orchestrated a violent attack on his estranged wife Neo s new partner, suspended eThekwini city manager Sipho Nzuza.
The Sunday Times reported that Neo Shabalala filed for an urgent interdict against her husband. She accused him in an affidavit of ordering an attack on Nzuza, who reportedly ended up in hospital after intruders entered their home, according to the newspaper.
Irnest Kaplan on Adapt IT CEO Sbu Shabalala and US tech
Specialist technology and telecommunications analyst Irnest Kaplan shared his thoughts on last night’s BizNews Power Hour on Adapt IT CEO Sbu Shabalala’s alleged assault against his estranged-wife’s partner. The timing could not have been worse, with the company in the middle of a hostile takeover (Huge Group) and a friendly, cash-offer from Canadian software giant Constellation. Irnest also provided insights on the broader technology sector in the US, touching on big-tech and emerging tech in the world’s leading economy. – Justin Rowe-Roberts
Irnest Kaplan on Sbu Shabalala’s alleged actions and the 13% share price decline:
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The
Sunday Times revealed that Shabalala’s former wife Neo has been granted an order restraining her ex-husband from entering their former home in Zimbali, in which she now lives. This was after she had alleged that he was instrumental in ordering a gang of armed men to assault her new partner Sipho Nzuza, and threaten her, at the Zimbali home.
The couple have been separated for four years and are in the throes of divorcing but have yet to reach an agreement on the settlement.
Shabalala has broken his silence on the issue, saying the allegations against him “are without merit”. He also clarified circumstances around his leave of absence from Adapt IT.
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