Thursday, 22 October 2026

National Treasury wants a veto over appointing municipal chief financial officers and budgets that must be funded, under a Cogta white paper reforming local government finances.

The Reserve Bank has published a draft framework for a synthetic financial centre, using a regulatory definition rather than a geographic zone so firms can run international financial services from South Africa.

Clicks reported diluted headline earnings per share up 4.4% and turnover up 5.4% for the year to August, with turnover passing R50 billion while retail margin improved 90 basis points despite constrained consumer spending.

Stock market concentration in technology is more extreme than ever, with global indices dominated by a few US tech shares, leaving little room to hide through regional diversification.