Adapt IT CEO Sbu Shabalala has resigned following a three-month leave of absence to attend to personal matters.
The company said Shabalala had taken the decision to terminate his employment with Adapt IT and resign as director of Adapt IT and its subsidiaries with effect from 6 August 2021.
“The board has duly accepted his resignation and wishes him well in his future endeavours,” Adapt IT said.
Adapt IT will make an announcement in due course on a permanent replacement for Shabalala as CEO. In the meantime, Tiffany Dunsdon will continue in her role as interim CEO.
Shabalala’s resignation follows a report by the Sunday Times in May, which contained serious armed assault allegations against Shabalala by his estranged wife, Neo.
Shabalala is accused of ordering heavily armed men to assault Neo Shabalala’s partner, who was in critical condition in hospital.
He allegedly tried to force her to sign an agreement related to a legal battle over money where Neo is claiming part of Sbu’s assets, which she says is over R133 million.
Shabalala said the allegations are without merit, describing it as a “cold-hearted campaign” that must be condemned.