Bribery claims leveled against Pinnacle executive, Takalani Tshivhase, have been dropped, the ICT group announced on Monday (25 August).
The JSE-listed firm said that Tshivhase received written notification from the Specialised Commercial Crime Unit of the National Prosecuting Authority of South Africa (SCCU) with news of it’s withdrawal.
The SCUU said that, following careful consideration of the evidence at its disposal and consultation with, and evaluation of the reliability of all the state witnesses, it had come to the conclusion that the evidence presented is insufficient to provide a reasonable prospect of a successful prosecution.
“The charges against Mr Tshivhase will accordingly be withdrawn,” Pinnacle said, welcoming the decision.
Tshivhase, who has been on leave of absence from the company pending the outcome of the case, will now resume his duties, the company said.
The SAPS issued a statement on 5 March saying that Tshivhase was arrested at his office in Johannesburg.
Tshivhase stood accused of allegedly offering a lieutenant general in the technology management environment of the SAPS R5 million to secure a multimillion rand tender for Pinnacle, involving a contract to offload 3,000 ID terminals with the SAPS.
Tshivhase denied all allegations, and was backed by Pinnacle.
“The conclusion and decision of the SCCU corroborates the company’s own investigation into the matter and confirms the company’s initial statement that from the evidence available to the company, the company was satisfied that there was no reason to doubt the veracity of Mr Tshivhase´s denial of the allegations.”
Shares in Pinnacle advanced 34.5% to R13.25 in afternoon trade on the JSE.