The chief executive officer of Adapt IT, a listed software and digitally-led business solutions provider, Sibusiso Shabalala has stepped down from the group.
In May, the group announced that Shabalala had been granted a three-month leave of absence to attend to personal matters.
“Mr Shabalala has since 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,” the group said in a statement.
Adapt IT said it will make an announcement in due course on a permanent replacement for Shabalala as CEO. Tiffany Dunsdon will continue in her role as interim CEO.
In May, the Sunday Times reported serious armed assault allegations against Shabalala by his estranged wife, Neo. Shabalala said the allegations against him were without merit.
“The last five months have been some of the most difficult of my life. After more than 15 years of the relentless work of building a JSE-listed entity, I need a little respite. Time for rest and self-care while I deal with personal battles.
“I’ve had family tragedies, at a time when the business is going through its most important business lifecycle.
“In the midst of this, I am now being accused of violent and uncharacteristic behaviour, in what is clearly an unrelated attack. I have been caught in the crossfire.
“This has taken a toll on my wellbeing. My instinct is to soldier on. However, those closest to me, who care for me, have advised that I take time out for self and family care. I listened. Hence my decision to take leave.
“My trust in the competence and excellence of our management team made the decision somewhat easier.
“The allegations against me are without merit. The best way to deal with them is through the judicial system. This is not only to clear my name of wrongdoing but to also bring those who are using my proximity to the situation to serve their own ends. This campaign is cold-hearted and must be condemned,” he said.