12 December 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 Greece buying some of its debt back, the outcome of the e-toll case and others expected earlier than anticipated, and the South African Reserve Bank adhering the call by President Jacob Zuma for CEOs and executives to cut bonuses and increases. Glenn Lewington also conducted in-depth interviews with the people making the news: Dennis Dykes, Chief Economist at the Nedbank Group on the November Consumer Price Inflation figures from Statistics South Africa; Kevin Odendaal, Spokesman for Pretoria Portland Cement on their acquisition of the Cimerwa cement company in Rwanda; Richard Pike, CEO of Adcorp Holdings on buying an Australian IT company; and John Wilkinson, Retail and Consumer Leader in South Africa at PwC on South African retailers needing to align their business model with consumer expectations. Analyst for the evening Mike Haworth, Managing Director at Applied Capital Insights 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 process leading up to the ANC's elective conference in Mangaung with guests Businessman Kuseni Dlamini; Leon Louw, Executive Director at the Free Market Foundation; Aubrey Matshiqi, Political Analyst and Research Fellow at the Helen Suzman Foundation; and Sipho Hlongwane, Political Correspondent at the Daily Maverick and iMaverick with commentary from Jeremy Sampson, Executive Chairman at Interbrand Sampson.

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

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 2:

November Consumer Price Inflation (CPI) Figures from Statistics South Africa (Stats SA)

Guest:

Dennis Dykes
Chief Economist
Nedbank Group

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 3:

Report on the Judgement of the e-toll Case and Others Expected Earlier than Anticipated

Reporter:

Glenn Lewington

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Segment 4:

Report on Greece Managing to Buy Some of its Debt Back

Reporter:

Lee Kern

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Segment 5:

Pretoria Portland Cement (PPC) Acquires 51% of the Cimerwa Cement Company in Rwanda

Guest:

Kevin Odendaal
Spokesman
Pretoria Portland Cement


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Segment 6:

Report on Government Letting Down Domestic Workers by not Ratifying the International Labour Organisation's Convention 189

Reporter:

Glenn Lewington

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 7:

Commentary on the Pretoria Portland Cement (PPC) Acquisition in Rwanda and the Flat Interest Rate Anticipated for 2013

Commentator:

Mike Haworth
Managing Director
Applied Capital Insights

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 8:

Report on the South African Reserve Bank Responding to the Call by President Jacob Zuma to Cut Bonuses and Increases 

Reporter:

Mosehla Gwangwa

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Segment 9:

Report on the Statistics South Africa (Stats SA) Quarterly Financial Statistics Survey

Reporter:

Ayanda Melansi

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Segment 10:

Adcorp Holdings Buys an Australian Information Technology Company

Guest:

Richard Pike
CEO
Adcorp Holdings Limited

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Segment 11:

Report on Sylvania Platinum CEO and Executives Taking Pay Cuts

Reporter:

Glenn Lewington

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Segment 12:

Commentary on Sylvania Platinum CEO and Executives Taking Pay Cuts, President Jacob Zuma Responding to Banks and Business Leaders and the Movement of the Rand

Commentator:

Mike Haworth
Managing Director
Applied Capital Insights

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 13:

Process Leading Up to the African National Congress (ANC) Elective Conference in Mangaung

Guests (panel discussion):

Kuseni Dlamini
Businessman

Leon Louw
Executive Director
Free Market Foundation


Aubrey Matshiqi
Political Analyst, and

Research Fellow at the Helen Suzman Foundation

Sipho Hlongwane
Political Correspondent
Daily Maverick and iMaverick

Commentator:

Jeremy Sampson
Executive Chairman
Interbrand Sampson

DOWNLOAD AND LISTEN TO PODCAST HERE
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