2 November 2012, Friday

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 1time Airlines apply for liquidation, Nersa warns municipalities about over-charging for electricity, petrol prices on the decrease but diesel prices on the increase, and sit-in sessions at AngloGold Ashanti resolve the current labour disputes. Glenn Lewington also conducted in-depth interviews with the people making the news: Sydney Soundy, Head of Vehicle and Asset Finance at Standard Bank on the latest new vehicle sales figures from the National Association of Automobile Manufacturers of South Africa; Sandile Nomvete, CEO of Delta Property Fund on listing on the Johannesburg Stock Exchange; Mike Schussler, Chief Economist at Economists.co.za on the latest PayProp Rental Index; Tracey Webster, CEO of the Branson Centre of Entrepreneurship on the Joburg’s Open for Business Festival; Tristan Hanson, Head of Asset Allocation at Ashburton on adapting to an age of low yields and potentially low returns; and Andre Sturmer, CEO of Inoxico on South African directors being at risk of corporate fraud. Analyst for the evening, Hein Kruger, Managing Director at Kruger International provided commentary on various interest points that made the day's headlines.

PROGRAMME LINEUP

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Segment 1 - 13: FULL PROGRAMME

DOWNLOAD AND LISTEN TO PODCAST OF THE FULL PROGRAMME HERE

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Segment 1:

Business and Financial News

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Segment 2:

Report on 1time Airline Customers Stranded as the Company Files for Liquidation

Reporter:

Mosehla Gwangwa

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Segment 3:

Report on the Petrol Price Dropping But Diesel Prices Going Up Next Week

Reporter:

Glenn Lewington

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Segment 4:

Latest National Association of Automobile Manufacturers of South Africa (NAAMSA) New Vehicle Sales Figures for October of 2012

Guest:

Sydney Soundy
Head of Vehicle and Asset Finance
Standard Bank