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
Browsing: Pinnacle Holdings
Pierre Spies has been named as deputy CEO at technology group Pinnacle Holdings and is set to take the reins when the current CEO, Arnold Fourie, steps down. After a torrid year for the group, which included an investigation
If you’d invested R40 000 in the shares of Durban-based technology company Adapt IT five years ago, you’d be a millionaire today. Adapt IT’s shares have risen by a spectacular 2 400% in the past five years, making it the best performing technology counter on the JSE
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
Headline earnings per share (Heps) at technology group Pinnacle Holdings have slumped by 19% in the year ended 30 June 2014, despite an 8% increase in revenue to R7,1bn. As a result, Pinnacle has decided not to pay shareholders a dividend. Net profit for the year was R273,1m, down from
Charges of attempted bribery instituted against Pinnacle Holdings director Takalani Tshivhase have been dropped by the specialised commercial crimes unit of the national directorate of public prosecutions. The news has sent Pinnacle’s share price surging by more than 35%. Tshivhase, who was
Technology group Pinnacle Holdings has moved to reassure its investors following a sharp decline in its share price in recent days. Since the company published a trading update on 8 August, in which it warned that its headline earnings per share for the year to end-June could have
JSE-listed technology company Pinnacle Holdings has warned that its headline earnings per share for the year to end-June are likely to have fallen by as much as 22% compared to the previous year. Earnings per share are likely to have declined by between 13% and 20%, the company said in a statement to its shadeholders
Former Pinnacle Holdings director Takalani Tshivhase, who is fighting charges that he bribed a senior police official to secure a multimillion-rand contract for the JSE-listed technology company, has had his court case postponed for a second time. Tshivhase appeared in the Pretoria specialised commercial
Henry Ferreira
Henry Ferreira
Listed technology distributor Pinnacle Holdings has named IT industry veteran Henry Ferreira as an executive director on its board. Ferreira, 61, has been appointed to “enhance the capacity of the board and also assist in managing the future growth of Pinnacle”, the company said in a statement to shareholders on Monday. He will take