Today in business: Pick n Pay profit slumps

What's happening today.

French govt vows to get social media 'under control' after the beheading of a teacher

"Things began on social media and they ended on social media," a French government...

Microsoft will work with SpaceX on a network of satellites to detect nuclear launches

SpaceX is building experimental satellites with infrared sensors able to detect...

Woolies chicken set to become cheaper as company launches R1bn bid to 'adjust' prices

Woolworths will “adjust” prices of some of its most popular food products, particularly...

Cell C says it is ‘on track’ after losing 28% of subscribers in six months

It is still not paying its debt, but Cell C says its deliberate strategy of losing...

Mercedes-Benz has a new ultra-luxurious Maybach SUV that comes with reclining rear seats and other extreme passenger comforts

The Mercedes-Maybach GLS 600's "Curve" drive mode tilts the car into turns, lessening...

You’re not imagining it: Pick n Pay stores really are shrinking – and have less stuff in them

New supermarkets are about a third smaller than five years ago, PnP says. They are also...

Covid-19 is costing hotels billions in business travel, and things might not go back to normal until 2024

Business trips may ramp up again in as little as six months. But revenue won't rebound to...