Pinnacle Holdings Limited announced changes to the board of directors of the company which became effective on 29 August 2014. Ms Ndumi Medupe has been appointed as an independent non-executive director and chairperson of the Audit and Risk Committee. In compliance with principal 3.2 of King III Report on Corporate Governance, which requires that all members of the Audit Committee must be independent non- executive directors, Mr. A Tugendhaft, who served as Chairman of the Committee has stepped down from the Committee, but will continue to attend Audit and Risk Committee meetings as a permanent invitee.