31 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 the New York Stock Exchange re-opening after the storm from hurricane Sandy, unemployment grips the Eurozone, the announcement of the launch date for the new Mandela notes, Fitch downgrades Pick n Pay, South Africa suspends all imports of crude oil from Iran, borrowing cost stabilise and Lonmin warns of retrenchments. Glenn Lewington also conducted in-depth interviews with the people making the news: Brian Molefe, CEO of Transnet on their interim results; Chris Hart, Chief Economist at Investment Solutions on South Africa's trade deficit; Kevin Steinberg, Chief Operating Officer at the World Economic Forum on their Financial Development Report for 2012; Raymond Parsons, Special Policy Advisor for Business Unity South Africa on the importance of the Census results for future planning; and Jan Groenewald, Valuation and Economic Leader at PwC Corporate Finance on foreign investors looking to Africa to expand their footprint. Analyst for the evening Bruce Main, Director at Ivy Asset Management 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 Eskom and the future of power in South Africa with guests Emmanuel Maepa, Senior Manager of Renewable and Alternative Energy at the Ekurhuleni Metropolitan Municipality; Chris Yellend, Managing Director at EE Publishers; and Pete da Silva, CEO of Jasco with commentary from Mike Rossouw, Chairman of the Energy Intensive User Group; and Peter Leon, Partner and Head of Africa Mining and Energy at Webber Wentzel.

PROGRAMME LINEUP

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Segment 1 - 14: 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:

Transnet Interim Results

Guest:

Brian Molefe
CEO
Transnet

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Segment 3:

Report on the Re-opening of the New York Stock Exchange

Reporter:

Lee Kern

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Segment 4:

Report on the Unemployment Figures of the Eurozone

Reporter:

Glenn Lewington

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Segment 5:

South African Trade Deficit Figures for September of 2012

Guest:

Chris Hart
Chief Economist
Investment Solutions

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Segment 6:

Report on the Launch of the New Mandela Notes Next Week Tuesday

Reporter:

Glenn Lewington

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Segment 7:

World Economic Forum Financial Development Report 2012

Guest:

Kevin Steinberg
Chief Operating Officer
World Economic Forum USA

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Segment 8:

Commentary on the New York Stock Exchange Re-opening; and Murray & Roberts, ArcelorMittal South Africa and Sun International Posting Company Earnings

Commentator:

Bruce Main
Director
Ivy Asset Management

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Segment 9:

Business Unity South Africa (BUSA) Welcomes National Census as Vital Instrument

Guest:

Raymond Parsons
Special Policy Advisor
Business Unity South Africa (BUSA)

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Segment 10:

Report on Fitch Downgrading Pick n Pay and South Africa Suspending all Imports of Crude Oil from Iran

Reporter:

Glenn Lewington

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Segment 11:

Foreign Investors are Looking to Africa to Expand their Footprint

Guest:

Jan Groenewald
Valuation and Economics Leader
PwC Corporate Finance

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Segment 12:

Report on Borrowing Cost Stabilising and Lonmin Warning of Retrenchments

Reporter:

Glenn Lewington

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Segment 13:

Commentary on the Gautrain, Increase of African Bank Earnings and the Problems Posed by Unsecured Lending

Commentator:

Bruce Main
Director
Ivy Asset Management

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 14:

Eskom and the Future of Power in South Africa

Guests (panel discussion):

Emmanuel Maepa
Senior Manager of Renewable and Alternative Energy
Ekurhuleni Metropolitan Municipality

Chris Yellend
Managing Director
EE Publishers

Pete da Silva
CEO
Jasco

Commentators:

Mike Rossouw
Chairman
Energy Intensive User Group (EIUG)

Peter Leon
Partner and Head of Africa Mining and Energy
Webber Wentzel

DOWNLOAD AND LISTEN TO PODCAST HERE
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On Air: 05:30 - 09:30
Classic Breakfast

with Deano Maduramuthu

Now Playing: Symphony No.41 In C Major K551 'Jupiter' (4) / Molto Allegro - Wolfgang Amadeus Mozart; Playlist

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31 October 2012, Wednesday

Classic Breakfast