Chris
Journalist
- Joined
- Mar 10, 2021
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Questions raised over Adapt IT CEO Sbu Shabalala’s property deal
There are a number of Adapt IT shareholders who do not think it is good for CEO Sbu Shabalala to own the building his company uses for its head office as the tenant’s interests are secondary to the landlord’s interests.
This is the view of Huge Group CEO James Herbst, who has made an offer to shareholders to acquire Adapt IT through a share swop.
To fully understand the deal and the concerns from Herbst, it is of value to go back a few years.
There are a number of Adapt IT shareholders who do not think it is good for CEO Sbu Shabalala to own the building his company uses for its head office as the tenant’s interests are secondary to the landlord’s interests.
This is the view of Huge Group CEO James Herbst, who has made an offer to shareholders to acquire Adapt IT through a share swop.
To fully understand the deal and the concerns from Herbst, it is of value to go back a few years.