Sbu Shabalala
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Canada’s Volaris scuppers Huge Group’s bid for Adapt IT

Canadian software group Volaris makes a cash offer to acquire the JSE-listed specialised software services provider.

Mar 9, 2021

Adapt IT reduces debt, proves resilient in the face of COVID-19

In the six months to 31 December 2020 attributable profit after tax increased 37% to R28 million, and cash generated from operations increased 67% to R124 million.

Mar 9, 2021

Adapt IT debt strategy pays off, cuts debt interest by R8m

The company says it has shown resilience in a year most businesses were affected by the COVID-19 pandemic and other macro-economic factors.

Feb 24, 2021

Adapt IT Holdings to present interim trading update

The company's cash generation from operations was strong, with the cash balance up by 93% to R142 million.

Oct 26, 2020

Adapt IT delivers robust performance

Cash generated from operations improved by 27% to R227 million.

Oct 26, 2020

Adapt IT prioritises debt repayment, withholds dividend

The company prioritises the reduction of borrowing and preserving cash for the financial year ended 30 June, and as a result, no dividend was declared.

Feb 24, 2020

Adapt IT still striving for growth

Revenue increased by 10% to R721 million and EBITDA remained level at R106 million.

Feb 24, 2020

Adapt IT profit slumps, no dividend

The company fails to declare a dividend on the back of decreased profit for the six months to December 2019.

Dec 17, 2019

Adapt IT unit Conor hit by massive data breach

The company’s exposed information includes daily logs of user activity by customers of ISPs using Web filtering software.


2019 IT personality, Visionary CIO awards finalists revealed

The IITPSA announces 2019 President’s Awards shortlist, which includes top veterans, change makers and innovators for the year.

Oct 14, 2019

Underperforming energy segment hurts Adapt IT profit

The company’s profit declines to R76 4 million, resulting in Adapt IT deferring its dividend decision until year-end.


Nominations open for IITPSA President’s Awards

The ICT industry body is calling for nominations for the awards, which include the IT Personality and Visionary CIO of the year.

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