The company told shareholders on Friday that it is in talks, but did not provide any further information. The company says the talks, if successfully concluded, could have a material impact on its share price.
Poynting designs, manufactures and sells antennae and telecommunication products to the cellular, wireless data and defence markets. The company operates through its three divisions - commercial, defence and base station equipment.
Trade in Poynting's shares closed unchanged at 39c on Friday, close to its 52-week high of 40c on 18 March last year. The share price's 52-week low was 11c, on 1 February this year.
In September, the company said it reversed its loss-making position in the year to June, as orders for antennas from the defence industry picked up.
Poynting reported revenue up 16%, to R76.29 million. It said operating profit improved by R13.66 million, to R4.3 million, from a loss of R9.36 million the previous year.
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Defence drives Poynting recovery
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