JSE-listed Business Connexion (BCX) on Friday reminded shareholders that it was in talks that could affect its share price.
The news sent its shares slightly higher, to close at 490c, a 3c or 0.62% gain.
The cautionary announcement repeats that of 12 July, when the group announced it was in talks after withdrawing a four-month-old cautionary last November, without providing further details.
Last year's statement, initially issued in August, sparked rumours that BCX was in talks with Orange, the key brand of France Telecom.
However, Mophatlane added BCX has a dedicated dividend policy, which is where some of the cash will be spent.
Mophatlane said there are lots of opportunities BCX is looking at in niche areas. The company would also chase deals in Africa if they arise, but these would be “hard work” and it would have to be cautious.
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