Thursday, 22 October 2026

National Treasury wants a veto over appointing municipal chief financial officers, and a local government adviser says that could keep recycled, unqualified officials out of councils.

The Reserve Bank's draft synthetic financial centre framework would let firms run international financial services from South Africa under a different exchange control regime, defined by regulation rather than geography.

Clicks reported diluted headline earnings per share up 4.4% and turnover up 5.4% for the year to August, passing R50 billion, despite constrained consumer spending and competitive discounting in the sector.

Clicks spent over R500 million for a controlling stake in ARC Beauty, giving the chain a valuation above R1 billion despite only 12 stores, with the CEO pointing to a large addressable market.

IATA says sustainable aviation fuel was under 1% of global jet fuel demand last year, about 2.4 million tonnes of roughly 300 million, and expects the market to jump dramatically within about four years.