Technology group Pinnacle Holdings has announced a management shake-up that will see Pierre Spies elevated to the position of joint CEO from 1 January 2016, alongside Arnold Fourie, with Fourie to step down in the middle of next year to become
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Technology group Pinnacle Holdings will focus on bedding down its African expansion and focusing on company operations as a strategy to rebuild shareholder confidence. Pinnacle CEO Arnold Fourie says
There was more good news for JSE-listed Pinnacle Holdings on Tuesday after the Financial Services Board (FSB) announced it was dropping an insider trading investigation into share trades by company executives in March 2014. At a meeting on Tuesday, the FSB decided to close the
Pinnacle Holdings has confirmed weekend newspaper reports that it is being investigated by the Financial Services Board (FSB) because of a possible contravention of the Financial Markets Act related to share trading that took place in March 2014. The FSB is probing possible insider trading, Pinnacle said in a statement to
Nearly R1,5bn — that is what was wiped off the market capitalisation of technology group Pinnacle Holdings in just two trading sessions this week after news emerged that one of its directors and biggest shareholders, Takalani Tshivhase, had been arrested on
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
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
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
An executive director of JSE-listed technology company Pinnacle Holdings has been arrested for allegedly attempting to bribe a top manager of the South African Police Service, it has emerged. Takalani Tshivhase appeared in the Pretoria specialised commercial crimes court on a charge of corruption, according to a police spokesman
The Competition Tribunal has approved what it’s described as a hostile bid by JSE-listed technology group Pinnacle to acquire a controlling interest in another listed technology company, Datacentrix, subject to conditions recommended by the Competition Commission. Pinnacle has