15 November 2012, Thursday

In this edition of Classic Business at 18h00, Glenn Lewington broadcast the business and economic news of the day followed by up-to-date financial indicators, and the Classic Business and News teams reported on the news of the day including the strike at Anglo American Platinum finally coming to an end, Gold Fields downgraded by Standard & Poor’s and the new leadership in China. Glenn Lewington also conducted in-depth interviews with the people making the news: Stephen Koseff, CEO of Investec on their interim results; John Loos, Household and Property Sector Strategist at FNB Asset Finance on the September vehicle sales growth figures from Statistics South Africa; Peter Atkinson, National Technical Portfolio Manager at the Financial Intermediaries Association of Southern Africa on the credit life insurance option costing consumers more than expected; and Graham Clark, Managing Director of Illovo Sugar on their interim results. Analyst for the evening Chris Gilmour, Analyst at Absa Investments provided commentary on various interest points that made the day's headlines. In the second half of the programme at 18h30, Glenn chaired a one-hour discussion on the weekly topic, namely Amendments to Broad-based Black Economic Empowerment with guests Bonolo Sinobolo, Senior Manager for BEE Advisory Services at KPMG; Andre Coetzee, Managing Director at the Chartered Institute of Purchasing and Supply Africa; Andile Kungwayo, Senior Rating Analyst at Empowerdex; and Sisa Ntshona, Head of Enterprise Development at Absa Retail and Business Banking with commentary from Robin Matthews, Managing Director at AquaBEE; and Stewart Jennings, CEO of the PG Group.

PROGRAMME LINEUP

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Segment 1 - 10: FULL PROGRAMME

DOWNLOAD AND LISTEN TO PODCAST OF THE FULL PROGRAMME HERE

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Segment 1:

Business and Financial News

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 2:

September Vehicle Sales from Statistics South Africa (Stats SA)

Guest:

John Loos
Household and Property Sector Strategist
FNB Asset Finance

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 3:

Report on the Strike at Anglo American Platinum (Amplats) Coming to an End and Gold Fields Downgraded by Standard & Poor’s

Reporter:

Ayanda Melansi

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 4:

Illovo Sugar Interim Results

Guest:

Graham Clark
Managing Director
Illovo Sugar

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 5:

Report on China’s New Leadership 

Reporter:

Lee Kern

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Segment 6:

Commentary on Woolworths Sales Going Up, Illovo Results, the Platinum Industry and South African Wines to Possibly Get Labour Labels

Commentator:

Christopher Gilmour
Analyst
Absa Investments

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 7:

Investec Group Interim Results

Guest:

Stephen Koseff
CEO
Investec

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 8:

Credit Life Insurance Option May Cost Consumers More than Expected

Guest:

Peter Atkinson
National Technical Portfolio Manager
Financial Intermediaries Association of Southern Africa


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Segment 9:

Commentary on British Petroleum (BP) Fined a Billion Dollars, Telkom Warning of Profit Loss and Growth Within Africa

Commentator:

Christopher Gilmour
Analyst
Absa Investments

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 10:

Amendments to Broad-based Black Economic Empowerment (BBBEE)

Guests (panel discussion):

Bonolo Sinobolo
Senior Manager for BEE Advisory Services
KPMG

Andre Coetzee
Managing Director
Chartered Institute of Purchasing and Supply Africa (CIPS)

Andile Kungwayo
Senior Rating Analyst
Empowerdex

Sisa Ntshona
Head of Enterprise Development
Absa Retail and Business Banking

Commentators:

Robin Matthews
Managing Director
AquaBEE

Stewart Jennings
CEO
PG Group

DOWNLOAD AND LISTEN TO PODCAST HERE
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05:30 - 09:30

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with Deano Maduramuthu

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