24 October 2012, 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 news of the day including South African consumers borrowing money to pay for basic needs, oil giants charged with price-fixing, and the strike at AngloGold Ashanti coming to an end. Glenn Lewington also conducted in-depth interviews with the people making the news: Azar Jammine, Chief Economist and Director at Econometrix on the September CPI figures from Statistics SA; Richard van Rensburg, Deputy CEO of Pick n Pay on their interim results; Mark Lamberti, CEO of Transaction Capital on his recent award as the Winner of the Wits Business School's Management Excellence Award for 2012; and Ian Anderson, Chief Investment Officer at Grindrod Asset Management on the listed property sector rallying on the strength of the Rand. Analyst for the evening Ian Cruickshanks, Independent Markets Analyst 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 South Africa’s Medium-term Budget Policy Statement with guests AJ Jansen van Nieuwenhuizen, Director and Head of Tax at Grant Thornton; Loane Sharp, Labour Economist at Adcorp Holdings; Geoff Miller, CEO of TransUnion; and Michael Spicer, Former CEO of Business Leadership South Africa with commentary from Businessman Kuseni Dlamini.

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 of 2012 Consumer Price Index Figures from Statistics South Africa (Stats SA)

Guest:

Azar Jammine
Chief Economist and Director
Econometrix

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 3:

Pick n Pay Interim Results

Guest:

Richard van Rensburg
Deputy CEO
Pick n Pay

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 4:

Report on South African Consumers Borrowing Money to Pay for Basic Needs

Reporter:

Lee Kern