16 January 2013, Wednesday

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 day’s news. Glenn Lewington also conducted in-depth interviews with the people making the news: Frans Baleni, General Secretary at the National Union of Mineworkers on the Amplats job cuts; Neren Rau, CEO of the South African Chamber of Commerce and Industry on their December 2012 Trade Conditions Survey; Andre Coetzee, Managing Director of the Chartered Institute of Purchasing and Supply Africa on the results of the latest Kagiso Purchasing Managers Index; Johan Scholpz, Banking Analyst at AfriFocus on South African banks receiving a credit downgrade; and Dr Yuri Maltsev, Soviet Defector and Former Economics Advisor to Russian President Mikhail Gorbachev on the failures of communism and socialism. Market Analyst for the evening Paul Chakaduka, Trader at Global Trader 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 "The Economic Outlook for 2013" with guests Sizwe Nxedlana, Chief Economist at FNB; Frank Blackmore, Senior Economist at KPMG; Nazeer Essop, Partner and Public Sector Leader at Deloitte with commentary by Raymond Parsons, Professor at the Northwest University and Special Policy Advisor to Business Unity South Africa; and Jonathan Snyman, Researcher at the South African Institute of Race Relations.

PROGRAMME LINEUP

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Segment 1 - 9: 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:

Reaction to the Announcement of the Amplats Job Cuts

Guest:

Frans Baleni
General Secretary
National Union of Mineworkers (NUM)

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 3:

December South African Chamber of Commerce and Industry (SACCI) Trade Conditions Survey

Guest:

Neren Rau
CEO
South African Chamber of Commerce and Industry (SACCI)

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 4:

Kagiso Purchasing Managers Index (PMI)

Guest:

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

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 5:

Fleet of Boeing 787 Dreamliners Grounded in Japan

Reporter:

Glenn Lewington

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Segment 6:

Fitch Downgrades South African Banks

Guest:

Johan Scholpz
Banking Analyst
AfriFocus

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 7:

South Africa can Learn from the Collapse of the Soviet Union

Guest:

Dr Yuri Maltsev
Soviet Defector, and
Former Economic Advisor to Russian President Mikhail Gorbachev

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 8:

Commentary on the Announcement of the Amplats Job Cuts, Movements in the Rand and Platinum Price, and Trading Updates by Kumba Iron Ore, Woolworths and Datatec

Commentator:

Paul Chakaduka
Trader
Global Trader

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 9:

The Economic Outlook for 2013

Guests (panel discussion):

Sizwe Nxedlana
Chief Economist
FNB

Frank Blackmore
Senior Economist
KPMG

Nazeer Essop
Partner and Public Sector Leader
Deloitte

Commentators:

Raymond Parsons
Professor at the Northwest University, and
Special Policy Advisor to Business Unity South Africa (BUSA)

Jonathan Snyman
Researcher
South African Institute of Race Relations (SAIRR)

DOWNLOAD AND LISTEN TO PODCAST HERE
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