Browsing: Pinnacle

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

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

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

Long-serving Datacentrix director Gary Morolo is stepping down as chairman and board member of the JSE-listed technology services company “with immediate effect”. Morolo, who joined Datacentrix 15 years ago and who served as its CEO, is leaving following news at the end of last month that the

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