JSE-listed Gijima has reiterated it is in talks that could affect its share price.
It issued the cautionary yesterday, which sent its shares up 7.32% ‑ or 3c - to close at 44c. Gijima initially issued a statement to shareholders last month.
The company, which has been under pressure, did not indicate what the talks were about, but said they were still in progress. It said shareholders should trade with caution, as the talks could materially affect the price of the stock.
In the first six months of the year to December, the company reported results that, while an improvement, were below expectations. Revenue gained 7.5%, to R1.3 billion, and it posted a R28.6 million net profit, compared with the previous R208.7 million loss, which it incurred as a result of the settlement with home affairs.
Gijima is set to present its year-end results on 26 September, almost a month later than originally scheduled.
In a June trading update, it said several events had taken place during the year that would have a material impact on its results for the year to June.
The company pointed out that, since its interim results were issued in February, it had lost half an Absa deal and a police desktop contract through the State IT Agency.
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