Adapt IT, a Johannesburg stock Exchange (JSE) listed company, has been launched on the local market. Though the company CEO and founder, Sbusiso Shabalala said the company has been operating in Botswana for the last six years, it was only launched on Thursday this week. The local company will be led Ogone Mothowagae as its Managing Director. Though Adapt IT is a company with South Africa origins, Shabalala said the local operations belong to Mothowagae as the business owner, explaining that the mother company will only assist when asked to do so. Shabalala said Adapt IT offers top notch and relevant technological solutions to various sectors such as manufacturing, education, telecommunications, energy, consumer goods and financial services. He said the reason why the company came here is to be closer to its customers and also to use the local skills for the local clientele.
Shabalala said he founded the company about 17 years ago and has over the period seen it grow to enter other markets across the globe such as Kenya, United Kingdom, Australia and Mauritius. The company, which has a market capitalisation of R1.8 billion, does not have immediate plans to list on the Botswana Stock Exchange (BSE) though it has listed on the JSE. “We will evaluate such possibility when we feel the business here has done well to warrant such consideration,” Shabalala told this publication after the launch. At the moment, the BSE does not have an IT solutions company listed after RPC Data left the bourse few years ago. There are assertions that the local ICT industry is still in its embryonic stage with less will to develop the sector, but Minister of Infrastructure, Science and Technology Nonofo Molefhi feels there has been growth in ICT usage.
Launching the company on Thursday evening, Molefhi said Botswana is ranked at number 69 out of total 141 countries surveyed in 2015 by the World Economic Forum in its assessment of ICT usage in Botswana. He said the arrival of companies like Adapt IT will help many businesses to leverage on ICT in order to serve their customers. “An increase in the use of ICT capabilities by companies and the general population will help our country attain the level of a knowledge economy that we all aspire for,” Molefhi said. He said the government receives with open arms investments in this field from private sector quarters such investment made by Adapt IT. Molefhi gave examples such as Kitsong Centres, Thuto Net, The Botswana Innovation Hub and Government On-Line as just but few initiatives designed to specifically support the growth and adoption of ICT technologies in the country.