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

Rand slumps as Mboweni reveals wider government debt, revenue shortfall 

30 Oct 2019 /  Ray Mahlaka    4
The local unit weakens by nearly 2% against the US dollar.

National Treasury downgrades 2019 growth forecast

30 Oct 2019 /  Ray Mahlaka   5
Citing policy uncertainty and slow implementation of structural reforms.

Talks with labour hinder pace of cutting public sector wage bill

30 Oct 2019 /  Ray Mahlaka    20
The expected R12bn savings for the fiscus per year until 2022 ‘have been reversed’.

The good and bad about the MTBPS that Moody’s will watch

30 Oct 2019 /  Ray Mahlaka   12
SA’s debt position is worsening thanks to Eskom.

Old Mutual pleads for its board members not to be jailed

9 Oct 2019 /  Ray Mahlaka   37
Says a more appropriate sanction if they are found guilty of contempt of court would 'among other things' be a suspended sentence, a fine or a warning.

Moyo launches R20m damages claim against individual Old Mutual directors

4 Oct 2019 /  Ray Mahlaka   33
He wants the board members to pay in their personal capacity, which might have serious implications for directors in corporate SA.

Why Peter Moyo pitched his damages claim at R250m

3 Oct 2019 /  Ray Mahlaka   20
The axed-but-reinstated CEO says Old Mutual might have paid him a similar amount over four years if he wasn’t fired.

Moyo heads back to work. Again

25 Sep 2019 /  Ray Mahlaka   11
Axed Old Mutual CEO Peter Moyo plans to return to his office for the third time. But the insurer insists that he is not welcome.

Peter Moyo hits a procedural snag but gets a small victory

UPDATE
23 Sep 2019 /  Ray Mahlaka   13
New contempt of court proceedings against Old Mutual and its board members will start – protracting the punch-up between the insurer and Moyo.

Manuel: Moyo can come for coffee, but not to work

UPDATE
13 Sep 2019 /  Ray Mahlaka   17
Axed Old Mutual CEO Peter Moyo insists he's ‘free to return to work at any time’ after the insurer withdrew additional legal action against him.

Moody’s slashes SA’s 2019 growth forecast, again

10 Sep 2019 /  Ray Mahlaka   7
'Low likelihood' that Moody’s will downgrade the country’s credit rating to junk.

Old Mutual: ‘Moyo won’t be returning to work in the interim’

UPDATE
6 Sep 2019 /  Ray Mahlaka   13
This is despite the high court dismissing Old Mutual's application for the declaratory order that prevents Moyo from resuming his CEO duties.

Old Mutual fires Peter Moyo (again)

22 Aug 2019 /  Ray Mahlaka   15
Moyo’s lawyer describes Old Mutual’s move as 'corporate madness' and 'goes beyond anything we have seen in our lives'.

Please Call Me inventor wants more than R10bn

19 Aug 2019 /  Ray Mahlaka   48
Nkosana Makate heads back to court to challenge the R47m settlement offered by Vodacom.

Old Mutual board throws jabs at Peter Moyo’s bid to censure its conduct

16 Aug 2019 /  Ray Mahlaka   12
The 14-member board asks the High Court in Johannesburg to dismiss Moyo’s application to have its conduct declared in contempt of court.
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