Author: Duncan McLeod

Pinnacle Holdings CEO Arnold Fourie has taken advantage of a recent slump in the technology group’s share price, which followed the arrest of executive director Takalani Tshivhase for alleged corruption, by snapping up more than R13m worth of shares. On Friday, Pinnacle revealed to shareholders that the Arnold Fourie Family Trust

Vodacom intends tabling an offer of US$460m (about R5bn) to buy Neotel, according to a report published in the Wall Street Journal on Wednesday. The newspaper, quoting an unnamed executive at India’s Tata Communications, Neotel’s holding company, said that Vodacom, which is a subsidiary of the UK’s Vodafone, will also take on Neotel’s

Takalani Tshivhase will take a leave of absence as an executive director of Pinnacle Holdings following the news this week that he had been arrested for allegedly trying to bribe a top police official to secure a tender. “In the light of the bringing of the charge, Tshivhase has

The May 2014 commercial launch of the .africa top-level domain is now a certainty after the final outstanding paperwork was signed at the 49th meeting of the Internet Corporation for Assigned Names & Numbers (Icann) in Singapore this week, the ZA Central Registry

Investors have turned on Pinnacle Holdings, dumping the technology group’s shares for a second day in a row. In late morning trading on Wednesday, the company’s shares were off by more than 20%, extending a rout that began on Tuesday when the share

Ministers of communications in the Southern Africa Development Community this week discussed a plan to introduce a “roam like a local” project for the region, allowing mobile users to roam across borders and pay lower rates. “The meeting

Investors in Pinnacle Holdings took a dim view of news on Tuesday that Takalani Tshivhase, who is an executive director at the JSE-listed technology company, had been arrested and charged for corruption after he allegedly tried to bribe a top police official

Takalani Tshivhase, the Pinnacle Holdings director who has been charged with corruption for allegedly attempting to bribe a senior police official to secure a technology contract, has denied the allegations against him. In a statement issued on the JSE’s Sens news service

President Jacob Zuma has signed a proclamation ordering the Special Investing Unit to investigate the perennially troubled Universal Service & Access Agency of South Africa (Usaasa), his office said on Tuesday evening. Zuma wants a probe of allegations “in respect of affairs” of the agency, which collects revenue from licensed telecoms

Naspers-owned comparison shopping site PriceCheck has inked a deal with MTN that will see the release of a co-branded version of the site’s mobile application in South Africa. The two companies claim the deal is the country’s first between a mobile operator and an e-commerce company. The co-branded app will feature