Tshivhase’s bribery charges dropped
The bribery charges against Pinnacle Holding’s executive director Takalani Tshivhase, which earlier this year triggered a sell-off of the company’s stock and an estimated R1,2-billion slashing of its value, have been dropped. The Specialised Commercial Crimes Unit of the National Directorate of Public Prosecutions withdrew all charges against Tshivhase after concluding that there was no basis upon which to pursue the allegations against him.