Ethos Eyes House Of Busby Stake
Luxury leather goods retailer The House of Busby's share price was up almost two percent on Monday after it said Ethos Private Equity is looking to buy a significant percentage of the group.
Ethos had made an offer which could lead it to buy the stake at 21 rand per share.
By late morning, the company's share price was up 1.56 percent at 19.50 rand but it touched an intraday high of 19.70 rand just after the news.
If the proposal is implemented, the company's shares on the JSE Limited will be delisted, it said.