Flash Briefing: Pick n Pay defends new CEO, investigated for insider trading; Land Bank needs R7bn; TFG; Glencore

* New Covid variant spreads 50% faster, but isn't more deadly, say govt advisors.
* Pick n Pay defends incoming CEO Pieter Boone, after revelations that he was investigated for insider trading surface in the SA media;
* The Land Bank may need another R7bn from taxpayers to survive;
* Glencore has agreed to accept $1 in the short term for a mine that generates jobs in Zambia;
* TFG, the fashion retailer that snapped up Jet stores from troubled Edcon has reported an increase in turnover.