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

Esor submits construction subsidiary to business rescue

Adds to a growing list of construction firms that are fighting off liquidation.

GEPF’s Pareto eyes JSE listing

After mulling a listing since 2016, Africa’s largest pension fund is set to bring a retail property portfolio to the market in 2019.

Give small businesses tax breaks, says Alibaba’s Jack Ma

This advice comes at a time when governments are increasingly being criticised for stifling small businesses through regulation and a lack of clear policies.

Calgro’s Fleurhof housing project suffers from white elephant syndrome

A dispute between JSE-listed property developer Calgro M3 and the City of Joburg has delayed the handover of 1 000 housing units for more than eight months.

Former KPMG partner ‘not dishonest’ in auditing Gupta entities

Firm’s former lead partner Jacques Wessels says the R6.9 million spent on the Gupta family Sun City wedding was an error.

CompCom’s battle with Investec set to intensify in forex-rigging case

Investec wants Competition Tribunal to declare commission’s conduct “vexatious and unreasonable” – court papers to be submitted.

The dark and ‘smoke-filled’ chatroom that could sink rogue forex traders

Joining covert instant messaging platforms indicates willingness to participate in currency conspiracy. Apparently.

Banks are dodging accountability in forex-rigging case, CompCom argues

The competition watchdog said the alleged currency-rigging practice by bank traders had an impact on the economy.

ANC moves to expropriate land without compensation

Ramaphosa says expropriation of land will be done through a parliamentary process.

Banks tear into CompCom’s currency-rigging case

Allege that the competition watchdog has not complied with the principles of fairness.

Nepi Rockcastle and Greenbay added to FCSA investigation

Market regulator’s probe into possible insider trading and market manipulation within the Resilient group is expanded.

A bruising blow for labour brokers

The client of a labour broker now becomes the sole employer of placed workers upon the completion of three months of service by the employee, according to a ConCourt judgment.

Pressure mounts for Eskom, Transnet to reveal Chinese loan terms

Both state-owned enterprises refuse to reveal the interest rates of loans from Chinese financiers.

Nene institutes inquiry into PIC governance issues

As the money manager comes under scrutiny over its governance issues and questionable investment processes.

Mediclinic says profitability due to efficiencies, not dominance

The private hospital group responds to the HMI’s findings by defending its operating model and profitability.
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