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

Post Office eyes CPS social grants technology

The state-owned entity’s service agreement with Sassa allows it to purchase the equipment and technology of CPS after its contract is phased out next year.

How the Post Office plans to pay social grants

After nine months of delays and in fighting between Social Development Minister Bathabile Dlamini and Post Office CEO Mark Barnes, a social grants payments deal is finally struck.

Steinhoff shares plunge after CEO Markus Jooste quits

Shares fall by more than 60% in Johannesburg and Frankfurt amid a storm over the global retail giant’s accounting irregularities.

The Ramaphosa effect

The strengthening rand is attributed to the deputy president’s perceived leadership in the succession race.

CEOs of financial firms might be held accountable for BEE

A parliament committee places transformation and BEE objectives on the CEO and imposes sanctions for non-compliance.

Another rude awakening for homeowners

House prices in 2018 are expected not to keep up with inflation due to SA’s economic and political uncertainty.

Offshore property stocks come out on top

The worrying state of the economy and political ructions weigh on local stocks.

Freedom writes down R1bn due to over-valuations

Valuation errors date back to 2013.

Who would buy SA’s junked bonds?

Foreign investors in local government bonds might be heading for the exit with local fund managers snapping up the leftovers.

Rand breaks through critical R14/$ level

Ahead of ratings review by S&P Global Ratings and Moody’s Investors Service.

More cost overruns for Sasol’s $11bn Lake Charles project

A blow for investors who expected the investment in Louisiana would be an earnings fillip.

Post Office: Is its offer to pay social grants affordable?

CPS’ invalid contract appears to be cost-effective.

PPC’s rejection of Fairfax offer puts the skid on AfriSam’s debt restructure

After mounting shareholder pressure, the proposed merger between PPC and AfriSam sinks.

Sassa officials may face sanctions for social grants crisis

The panel of experts and Auditor-General calls for a National Treasury probe into the conduct of officials. Transgressors might face fines or imprisonment.

High noon looms for PPC/AfriSam merger

A bidding war over a tie-up between both cement producers, which already faces major shareholder rebellion, is expected.


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