Browsing: Takalani Tshivhase

Pinnacle Holdings’ share price plunged by 17,4% on Monday after it warned shareholders that it has been drawn into a case involving corruption charges against a top South African National Defence Force official. “Pinnacle shareholders

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

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

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

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