Shares in South Africa's Kagiso Media slide over 5 percent to 17.00 rand as the group makes a 300 million rand ($36 million) offer to buy 100 percent of unlisted Juta and Company Ltd, South Africa's oldest publishing house.
Kagiso, a black-owned media investment company, has stakes in several of South Africa's most prominent radio stations.
Kagiso says the transaction, which is still subject to regulatory approval, is expected to be completed by the end of March. - Reuters