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
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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
A family trust controlled by Pinnacle Technology Holdings CEO Arnold Fourie has sold R33m worth of the company’s shares. Pinnacle announced on Tuesday that the Carmen Fourie Family Trust had offloaded 1,5m shares at a price of R22/share. At the end of the
It’s been a good year for most technology stocks listed on the JSE. One notable exception is Gijima, whose share price has tumbled by more than two-thirds in the past 12 months as investors fret about the company’s future. It’s lost nearly half its value since it published its annual results in