Johannesburg - JSE-listed IFCA Technologies [JSE:IFC] said on Friday it had negotiated an equity facility for $100m and has entered into talks on several acquisitions.
"Further details of the potential acquisitions as well as full details of the term facility will be announced next week after the newly constituted board has met," it said.
It said shareholders should exercise caution when dealing in the company's securities until a full announcement was made.
The group derives its income from IFCA sWare, which offers IT solutions with enterprise development, implementation and support capability, while IFCA hWare provides hardware technology to the hospitality market.