South Africa: Adapt IT CEO Takes Leave of Absence Amid Divorce Battle, Assault Allegations - Share Price Tumbles

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The Sunday Times reported at the weekend that Adapt IT CEO, Sbu Shabalala, allegedly hired armed thugs to threaten the partner of his estranged wife, Neo Shabalala. The couple have reportedly been estranged for the past four years and are getting divorced.

Technology firm Adapt IT said its long-serving CEO Sbu Shabalala will take a leave of absence for three months to "attend to personal matters". This comes in the wake of media reports at the weekend that he allegedly hired thugs to beat up the partner of his estranged wife.

Adapt IT didn't specify the "personal matters" that Shabalala had to tend to when the company made his temporary departure known on Monday 10 May in a JSE stock news announcement.

However, the Sunday Times reported at the weekend that Shabalala allegedly hired armed thugs to threaten the partner of his estranged wife, Neo Shabalala. Neo's partner, according to the newspaper, is suspended eThekwini city manager, Sipho Nzuza, who is in critical condition at a Durban hospital.

The attack was so serious that Nzuza reportedly had to have his spleen and part of a kidney removed. Nzuza was suspended from the eThekwini municipality over corruption allegations. Read more here....

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