Brutal war between executives and shareholders at one of South Africa’s oldest ISPs

Newsfeed · 2026-11-02T21:12:06+0200

Brutal war between executives and shareholders at one of South Africa’s oldest ISPs

Cybersmart founder Laurie Fialkov has obtained an interdict against his company and its CEO after they allegedly attempted to sell a highly profitable part of the business without his knowledge for less than it was worth.

My_King · 2026-11-02T21:21:32+0200

That is why the CEO gets da big bucks. Who does laurie think he is.

EmmanuelGoldstein · 2026-11-02T21:37:15+0200

Oh dear…

LazyLion · 2026-11-03T09:20:20+0200

Be very careful who you hire to run your business....

deweyzeph · 2026-11-03T09:39:41+0200

Been in the web development business in SA for almost 27 years and I never even knew they had a hosting division.

Thorium · 2026-11-03T14:05:41+0200

With sufficient critical mass, shared hosting services is the most lucrative and dependable part of any ISP's income.

theamoeba · 2026-11-03T17:35:16+0200

Silliness...