Author Ray Mahlaka

News

Telkom shares plummet on government sale plans

Investors in Telkom gave its shares a dressing down on Tuesday in the wake of continued plans by the government to sell part of its shares in the fixed-line group to fund the bail out of cash-strapped South African

News

Post Office set to sign Sassa payments deal

If the embattled South Africa Social Security Agency makes good on its promise, the South African Post Office will be contracted to take over social grant payments from incumbent Cash Paymaster Services in the next seven

News

Court orders probe into grants fiasco

The constitutional court has ordered the social development department and the South African Social Security Agency (Sassa) to begin an investigation over whether minister Bathabile Dlamini should be held personally

In-depth

Outrage over Belamant’s millions

Net1 UEPS Technologies’ two largest shareholders, the International Finance Corp and Allan Gray, have expressed shock at the whopping R265m golden handshake that outgoing CEO Serge Belamant will be paid.

News

Delayed payouts still haunt MTN Zakhele

MTN Zakhele, the black economic empowerment scheme of telecommunications giant MTN Group, said it’s still processing payments to shareholders who opted to cash in their shares after the scheme expired in November last year

News

R6bn cost for Sassa to take over grants

Social development minister Bathabile Dlamini has claimed that it will cost R6bn for the South Africa Social Security Agency to take over social grant payments from Net1’s subsidiary Cash Paymaster Services. This is the first time that

News

CPS unveils proposed grants pricing model

Net1’s social grant distribution subsidiary Cash Paymaster Services has unveiled the fee it proposes to receive under an extended contract to distribute social grants. This comes after it was instructed

News

CPS mum on new Sassa remuneration rate

Net1’s social grant distribution subsidiary, Cash Paymaster Services, continues to be coy about the amount it would be remunerated under a new contract with the South African Social Security Agency, telling the constitutional

News

ZAR X goes live with real-time settlement

South Africa’s first alternative exchange, ZAR X, made its debut on Monday with the listing of agribusiness Senwes and its holding company Senwes Beleggings (Senwesbel), which marked the disruption of a more than 50-year long monopoly