Listed IT company Spescom says it is still in negotiations that could affect its share price.
It has advised shareholders to be cautious when trading in its stock. The company's reminder follows its announcement on 19 November that it was in talks.
Last year, CEO Jen'e Palmer said the discussions were aimed at building critical mass within the company. She explained that Spescom was developing its three-year strategy.
Founded in 1977, Spescom has four operating divisions. Its Media IT unit operates in the broadcasting space, while the telecommunications unit provides infrastructure. Its DataFusion division provides contact centre and enterprise telephony solutions. DataVoice provides voice recording, screen recording and speech analysis products.
This morning, the company's shares were trading at 58c, a 3.33% decline on its closing price of 60c yesterday, which was the first trading day of the year.
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