Prosus shareholders may be relieved that the recently-listed Naspers subsidiary has failed in its attempt to buy the UK's Just Eat as it targets the fast growing food delivery sector. There was concern that it would end up overpaying for a business that it admitted would need further investment to keep up with competitors. It would have been Prosus's first big deal since listing last September. Prosus's loss is Takeaway.com's gain and it will now merge with Just Eat to create what it says will be the biggest food delivery operation outside China. It will also sell its stake in Brazil's iFood, which Prosus also holds shares in.

More on that story in your first newsletter of the week, along with news of a successful takeover: Sibanye-Stillwater has exercised its option to take control of DRDGOLD as it progresses with its Far West Gold Recoveries Project west of Johannesburg. And there's been good news for MTN after Nigeria's Attorney General chose not to pursue a $2 billion tax claim.

Not so fortunate is RMI subsidiary OUTsurance, whose Youi business in Australia is starting to count the cost of the bushfires that have devastated the country.

Finally, should you invest offshore to diversify your portfolio away from the local economy, which represents less than 1% of the world economy? Click here to find out more about an offshore investing opportunity.

Have a good week.

Stephen Gunnion

Managing Editor, InceConnect