Browsing: Pinnacle

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

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

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