Forbes, DJ Sbu reach amicable agreement

Sbusiso "DJ Sbu" Leope and Forbes Africa have reached an amicable agreement over his unauthorised use of Forbes' trademark.

The company released a media statement saying, "While, Mr. Leope admits that he did not create the Image, our fundamental contention is the Image endorsed by him on social media is the unlicensed use of Forbes Africa’s exclusive intellectual property rights.

"Further, the Image is misleading and represents an affiliation that does not exist and has not been approved by Forbes Africa.

"Mr. Leope has duly acknowledged our concerns and has agreed to take down the Image from his social media networks. It is also important to note that Mr Leope has made it clear that it was not his intention to mislead our readers."

They say that the matter has now been resolved to both parties' satisfaction.