After jumping 9% last Tuesday on speculation that Telkom was pursuing a takeover of Cell C, Blue Label Telecoms' shares fell over 17% at their worst on Friday when the rumour was confirmed - although they recovered most of their losses.

Blue Label is a big investor in Cell C with a 45% stake. On Friday, it said it hadn't been formally apprised of any of the details regarding the Telkom proposal. According to TechCentral, the company met with Telkom at the JSE on Thursday. It seems the JSE was concerned that the market was already trading on the information, even though Telkom hadn't named its acquisition target in a cautionary earlier in the week.

Meanwhile, Steinhoff continues to make progress in disposing of businesses in order to simplify its portfolio of retail assets and reduce its debt. And strikes have been averted in the volatile platinum sector after producers and unions reached a wage deal after four months of negotiations.

Also in today's newsletter, positive earnings forecasts from Kaap Agri and Invicta. And while information security specialist ISA Holdings has reported a dip in first-half earnings, it remains positive about its prospects for growth.

And following the announcement of a new CEO at BHP Group next year, Ingham Analytics has issued research looking at the changing of the guard at the world's biggest diversified resources group.

Finally, if you want to own part of one of the most disruptive companies across the African continent, and benefit from its continued growth and success, keep on reading.

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I hope you have a good week.

Stephen Gunnion

Managing Editor, InceConnect

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