| MTN and Cell C have finally struck a deal that gives Cell C access to roaming services nationally. And the loser may be Telkom. Fresh from confirming that it was considering making an offer for Cell C, Telkom will now have to consider the implications of the MTN tie-up. Its shares reacted by falling yesterday, while Cell C shareholder Blue Label Telecoms recovered some of its recent losses. Another takeover is progressing. Pioneer Foods expects US food and beverages giant PepsiCo to complete its acquisition early next year, assuming it gets the approval of regulators in the jurisdictions the groups operate in. It made the brief announcement along with its 2019 financial results yesterday. More on those stories to follow, as well as results from Astral Foods, Barloworld, and private hospital group Netcare. Meanwhile, Nampak is on the lookout for a new CEO after Andre de Ruyter was the surprise choice for Eskom's new boss. The packaging group expects to announce De Ruyter's successor towards the end of the month. If you still don't fancy Eskom's chances, you might want to hedge your bets with a private equity opportunity: Sun Exchange, identified and selected by Uprise.Africa and Bridge Capital. Launched in 2015, Sun Exchange is the world's first peer-to-peer solar leasing platform with a community of more than 9,000 Sun Exchange members across approximately 140 countries. Through its innovative technology and unique approach to solar finance, the company makes solar power accessible and affordable for businesses, schools and other community organisations in emerging markets. This is achieved by enabling individuals around the world the ability to purchase solar cells through the Sun Exchange online platform and then installing those cells onto the rooftops of such organisations, who then pay solar cell owners for the electricity generated. And a reminder that not only is Uprise.Africa FSCA approved, but they offer tradable stock certificates for their underlying investments on the ZARX stock exchange, allowing investors to invest and divest whenever they like. Follow this link if you'd like to find out more. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
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