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  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
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  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
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  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
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South Africa Regulator Launches Insider Trading Probe Into Pinnacle

An electronic board displays movements in major indices at the Johannesburg Stock Exchange in Sandton August 11, 2011. Reuters/Siphiwe Sibeko
29/04/2014

JOHANNESBURG (Reuters) - South Africa's financial services regulator is investigating potential insider trading in shares of mid-cap technology firm Pinnacle Holdings, a senior official said on Tuesday.

Solly Keetse, the head of the Department of Market Abuse at South Africa's Financial Services Board, told Reuters the regulator had launched a formal investigation into "possible insider trading in the shares of Pinnacle."

A Pinnacle director, Takalani Tshivhase, was arrested in March on charges he offered a bribe to a senior police official in order to win a contract for the company, a charge he has denied. [ID:nL5N0MM25N]

However the company waited 20 days to disclose the arrest, during which time Tshivhase and other directors sold Pinnacle shares.

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