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Ray is a financial journalist passionate about public policy and property.

Gordhan’s first state-capture revelation: SA’s nuke deal

Public enterprises minister becomes the first sitting cabinet member to place Zuma at the centre of state capture.

Shareholder furore over Acsa’s Teflon man

Shareholders want the board to institute disciplinary action against corruption-accused CEO Bongani Maseko.

Nzimande wants Acsa to probe Gupta Waterkloof plane landing

Also requests probe into Oppenheimer family’s request to operate private terminal at OR Tambo airport.

Recompense for Steinhoff investors looks grim

Investors who lost billions when Steinhoff International’s share price collapsed might recoup as much as 20% from their initial investment.

CPS social grants dominance haunts Post Office

Expert panel wants to review social security agency’s decision to source all grant payment services from the state-owned entity.

Net1 accused of overstating financial losses in Sassa fee negotiation

The company’s plea for an increase to its social grant payments fee might be undermined by its profits.

PIC inquiry not just about Dan Matjila

Inquiry’s terms of reference in probing governance, corruption and mismanagement at the continent’s largest money manager are far-reaching.

Court nudges government on illegal deductions from social grants

Suggests the state ‘consider’ drafting legislation to protect beneficiaries.

State capture inquiry admits Gupta leak e-mails as evidence

The inquiry ruling also paves the way for witnesses to be questioned at the inquiry based on the e-mails.

Why the Bathabile Dlamini legal cost ruling is significant

Judgment indicates that public officials will be directly held to account for their delinquent and reckless actions.

Dlamini slapped with 20% of legal costs in social grants fiasco

And she might be prosecuted for perjury.

Sassa’s legal costs: D-Day for Bathabile Dlamini

ConCourt to decide if she should pay the legal costs associated with the social grants fiasco.

Sassa ‘agrees’ to Post Office’s increased social grant fees

But social development minister Susan Shabangu is yet to confirm and agree to a monthly fee structure.

Why markets snubbed Ramaphosa’s stimulus plan

There is deep scepticism about whether government has the capacity to spark any meaningful economic activity.

Behind Ramaphosa’s mega-stimulus package

It will take some R50 billion worth of sacrifices by the government to make it possible.
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