WATCH: What is the true state of the automotive industry?

Michael Avery talks to a panel about the automotive industry and the challenges it faces

Activists push Tesco not to use supplier linked to Amazon deforestation

They want to get the supermarket chain to end its relationship with subsidiaries of Brazil’s JBS

Liquor ban breeds cynicism and division, says Pick n Pay chair Ackerman

Little sign of the government listening to and consulting business on lockdown decisions

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Pick n Pay bosses grilled over salaries

Almost 25% of investors reject remuneration report

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Cashbuild shares rise as it agrees to buy Pepkor’s Building Co

One analyst says The Building Company has a better outlook in Cashbuild’s hands than in Pepkor’s

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Pick n Pay expects first-half profits to halve

Covid-19 trading restrictions and increased staff costs weigh on the supermarket group

Booze ban blamed for icing R5bn SAB investment

The decision by the brewer follows an announcement by Heineken that it had to reassess its 'expansion ambitions'

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Shoprite abandons former CEO Whitey Basson’s Africa strategy and pulls out of Nigeria

It marks a walking away from the country by yet another SA company, as Shoprite follows Tiger Brands, Woolworths and Mr Price

BAT is confident ahead of this week’s challenge to tobacco ban

Pressure group’s letter urges Cyril Ramaphosa to lift ban, which BAT SA says is costing it about R550m in lost profits

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Kraft Heinz earnings hit by $3bn writedown

While Kraft Heinz's retail sales rose, the lockdown took its toll on its US and Canadian food service businesses

Walmart set to shed jobs as online and stores are consolidated

The US retail giant is not opening many new stores so needs less corporate workers, with the move also part of a multi-year, streamlining effort

Procter & Gamble sales soar as people wash more clothing and dishes

But homebound consumers are shaving less, and the grooming unit was the only unit to post organic sales declines in the quarter

Covid-19 exposes difficulties in Renault-Nissan alliance

Unveiling its financial performance for the first six months of 2020, Renault said it posted a net loss of €7.29bn

Steinhoff’s first-half loss doubles to €1.5bn

Covid-19 has weighed on the group, shuttering stores, disrupting supply chains, as well as putting pressure on consumer spending

AB InBev suffers $2.5bn writedown due to Covid-19

The group said it was prepared for the worst-case scenario for Africa, though beer sales overall were resilient

Embattled Pembury agrees to capital injection from private equity firm

The offer from Verityhurst could see the company ultimately control the education-focused group

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.