Pinnacle executive in court

The case involving an executive director at listed ICT group, Pinnacle Holdings, has been postponed until July.

The South African Police Service (SAPS) announced on 24 March that Takalani Tshivhase had been arrested on 5 March 2014 on charges of bribery.

Tshivhase allegedly offered a lieutenant general in the technology management environment of the SAPS R5 million to secure a multimillion rand tender for his company.

In response to the allegations, Pinnacle said that “Mr Tshivhase denies all allegations of attempted bribery, and will defend the charges.”

Pinnacle issued the following statement on SENS on Thursday (24 April):

“Mr Tshivhase appeared in court this morning, 24 April 2014, where the matter was postponed until the 2nd July 2014.
“The company will review the matter as further information becomes available and will inform shareholders accordingly.”

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Pinnacle executive in court