JSE-listed Morvest Business Group is in talks that could affect its share price.
The company issued a statement to shareholders on Friday saying stock should be traded carefully until a further announcement is made. It said the talks could affect its share price if successful.
Morvest shares closed unchanged on Friday at 24c.
Last month, it said expansion further into Africa and internationally is a key strategic objective for the next 12 to 18 months.
It said there are “significant growth opportunities” in emerging markets - mostly in outsourcing, ICT, resourcing, training and education. These prospects could offer an attractive counter to anticipated tough conditions locally, it says.
“Successful implementation of the group's diversification strategy is a priority for the next financial year.”
Black-empowered Morvest is a holding group with a footprint in SA, Mozambique, Nigeria, India and the US. Its operations are aligned into three key divisions: business support services (including professional services and outsourcing solutions); ICT solutions; and the recently added retail and consumer services, which it added in line with its diversification strategy.
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