<div>UPDATE 2-PepsiCo to buy South Africa's Pioneer Food for $1.7 bln</div> <!-- no image --> <div>* Investment a boost for struggling South African economy (Adds background, Pioneer CEO comment,)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=kHz45Pf8pt0:CduaiBlJROA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=kHz45Pf8pt0:CduaiBlJROA:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=kHz45Pf8pt0:CduaiBlJROA:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=kHz45Pf8pt0:CduaiBlJROA:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=kHz45Pf8pt0:CduaiBlJROA:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/kHz45Pf8pt0" height="1" width="1" alt=""></div> Posted by Reuters