JSE-listed ICT company GijimaAST this morning renewed the cautionary which has been in place since the end of January.
The notice to shareholders simply said the company was still in negotiations, which - if successfully concluded - could have a material effect on its share price.
GijimaAST has been trading under cautionary since the end of January. At that time, it was rumoured that UK telco BT may be looking to acquire the local business. However, neither company has confirmed that discussions are under way between them.
At the release of its interim results last month, GijimaAST CEO Jonas Bogoshi would not confirm whether the company was on the buy or sell side of the transaction.
Instead, he said: "We are continuously evaluating opportunities to enhance our service proposition."
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