Buka Investments Limited (JSE:BKI) entered into the agreement to acquire Socrati Footwear Group from B & B Media for ZAR 140 million on July 18, 2022. As of February 24, 2023. The board of directors of Buka have considered the request and have agreed not to proceed with the Transaction at this time.

Buka is committed to adhering to the JSE Listings Requirements during its suspension. Buka will actively pursue acquisition opportunities that fits its strategy while it waits to complete the acquisition of the larger Socrati Group.