Takalani Tshivhase, the Pinnacle Holdings director at the centre of bribery allegations, yesterday resigned as a non-executive director of Datacentrix.

Datacentrix has issued a statement explaining the Tshivhase was appointed as a non-executive director of Datacentrix in November 2013 after Pinnacle acquired a 33,38% beneficial interest in Datacentrix.

Although he is not involved in the day to day running of Datacentrix, Tshivhase has stepped down from the board until the bribery case is resolved.

Tshivhase has been charged with alleged attempted bribery of a Lieutenant General of the South African Police Service. He denies the allegation and will defend the charges.

Meanwhile, Pinnacle’s shares continued to recover yesterday after dropping almost 50% in the two days following the formal charging of Tshivhase on 24 March. At the close of trading yesterday, Pinnacle shares were R13,58, from a low of R11,20.