21 Oct 2019

LISTEN | Adapt IT taking lessons from rivals on keeping state tenders clean

by Adapt IT
Listed technology group Adapt IT is improving its governance processes after allegations of tender irregularities have rocked some of its rivals. The group says it is learning from the mistakes of other companies in the technology industry as it aims to grow its public-sector business. The local information technology sector has been hit by scandals linked to government contracts. The reputation and share price of embattled. EOH took a beating after revelations of corruption at its EOH Mthombo unit led to the cancellation of a licence with Microsoft. Its stock has almost lost two-thirds of its value so far in 2019. Adapt IT CEO Sbu Shabalala told Business Day that “with the public-sector business, we’ve learnt from the governance failings of the sector. We've been focused on setting up the governance needed to run the public-service business and it’s taken us a long time.” He said the biggest issue facing IT companies dealing with the government is a lack of ethics, which they are...Read More
18 Oct 2019

Adapt IT annual profit slides

by Adapt IT
Adapt IT, the listed technology business, will focus on bringing down its debt levels in the coming months after its net gearing ratio rose to 65 per cent. The software services group reported an 8 per cent fall in headline earnings per share to 57.27 cents for the year ended June 30, 2019.The company says revenue growth comprised of 5 per cent organic growth from continuing operations and 9 per cent from acquisitions. Adapt IT CEO, Sbu Shabalala joins CNBC Africa for more....Read More
18 Oct 2019

Adapt IT's year of introspection pays off

by Adapt IT
South African JSE-listed enterprise software and services provider Adapt IT has capitalised on its year of 'introspection and consolidation' and increased its revenue by 14% to R1,438-billion, comprising 5% organic growth from continuing operations and 9% from acquisitions. Adapt IT presented its results for the financial year ended 30 June 2019 and based on segment contributions to revenue, its communications division grew 69% inclusive of the two acquisitions, contributing 16% to total revenue. Chief executive officer Sbu Shabalala added that through strategic acquisitions made during the financial year, geographic diversification and attractive technologies assisted the group in achieving the 9% acquisitive growth. The acquisitions included are the results of the LGR Telecommunication group for 11 months; Strive Software for 10 months; Conor Solutions for six months and Wisenet group for four months. Adapt IT said Africa has contributed 15% to revenue with a heightened presence in...Read More
18 Oct 2019

Celebrating our Teachers

by Adapt IT
October 5 marked World Teachers’ Day, aimed at appreciating, assessing and improving the educators of the world. The day enables a worldwide celebration of the teaching profession, and addresses some of the issues central for attracting and keeping the brightest talents in the profession. This World Teachers Day, the Adopt-a-School Foundation held its 13th Back to School Party fundraiser. Adopt-a-School, a partner entity of Cyril Ramaphosa Foundation, implements a Whole School Development model in over 590 Schools. The model aims to provide disadvantaged rural schools with adequate teaching and learning environments and resources; strengthened leadership of school management; brick and mortar structures; and improved social welfare of learners. The Back to School Party included a celebration of teachers for their commitment to educating the future leaders of our country. Awards were bestowed for the best performing, most sustainable and most improved schools under the Foundation’s...Read More
18 Oct 2019

IITPSA announces 2019 President’s Awards shortlist

by Adapt IT
The Institute for Information Technology Professionals South Africa (IITPSA) has announced the finalists for the 2019 IITPSA President’s Awards, revealing a field of top veterans and innovators in the running for the ICT sector’s most coveted awards. The prestigious IITPSA President’s Awards, which include the IT Personality and Visionary CIO of the year accolades, have recognised the South African IT industry’s leading lights for over 40 years. Past winners include the likes of Etion CEO Teddy Daka and Absa CIO for Virtual Channels Jacques Barkhuizen (2018), Entelect CEO Shashi Hansjee and former Sasol Global CIO Alec Joannou (2017) and Adapt IT CEO Sbu Shabalala and Peter Alkema, business banking CIO at First National Bank (2016). IITPSA CEO Tony Parry says the nominees for the 2019 awards were again exceptional, highlighting the overall calibre of South Africa’s ICT industry. “Our judges had a difficult task in singling out finalists from yet another field of sterling ICT leaders,...Read More
10 Oct 2019

ADAPT IT Hackathon - Helping grow young talent

by Adapt IT
On the 28th of September 2019, computer science students from Wits University Johannesburg, South Africa, participated in the Adapt IT | Telecoms Social Good Hackathon. The students had 10 hours to build a FINTECH Solution using code and epic brain matter. This included building a "Taxi Money" project where they made use of a mobile wallet and QR codes to exchange money in the system. They also got a chance to play the role of a Bank, User-Agent and Service Provider. Towards the end of the event, Adapt IT awarded two students vacation work. These two lucky students will get mentored and get a chance to be a part of the Adapt IT team. I would like to give special thanks to Ndamu Gumane for all this effort and hard work in organizing this event. We look forward to the next one…...Read More
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