The recent presentation of Massmart’s interim results to end-June 2019 was an awkward affair for a few reasons, not least because they were truly awful, far worse than the market was expecting.

“You can imagine how much I’ve been looking forward to making this presentation,” said outgoing CEO Guy Hayward, with a heavy dose of sarcasm.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now