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

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.

Lynne Brown hits a snag at state capture inquiry

The former public enterprises minister’s bid to cross-examine former deputy finance minister Mcebisi Jonas is dismissed.

Mosebenzi Zwane made ‘veiled threats’ to Nedbank on Gupta account closures

The Nedbank Group CEO details how the commercial bank was pressured to reopen bank accounts of Gupta-linked entities.

Post Office slammed for sky-high social grant payment fees

Expert panel says the state-owned enterprise’s expected profits from ‘unnecessarily high’ fees are difficult to justify.

Johan Burger was ‘surprised’ by ANC’s summon to Luthuli House

Relating to the bank’s closure of Gupta-linked accounts.

Growthpoint’s ‘inflated’ income and dividend growth questioned

SBG Securities suggests the company paid dividends based on income from sources other than property rentals.

Why Moody’s is now upbeat about SA’s SOEs

Commitment to fixing governance issues lauded, but simply making new board appointments won’t be enough.

Texton stung by another CEO resignation

Nosiphiwo Balfour becomes the fourth CEO to resign in barely three years.
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