Telecommunication group MTN's share price received a boost to a new all-time high on Friday, on talks that a Chinese company may be interested in the cellular provider.
"There are rumours in the market of an international takeout," said a local trader.
He added that MTN wants a footprint in Africa, and the Chinese want to move into Africa, so as was the case with Standard Bank, a Chinese company may be targeting MTN.
However, an analyst said that he would be very surprised if that was to happen, but that anything is possible.
"I think someone just started a wild rumour, and now people are buying the share on these rumours," he said.
At 1.36pm, MTN's share price was 7.50 rand, or 6.25 percent higher, at 127.50 rand, just off its new all time high of 127.80 rand, hit earlier.