14 May 2013, Tuesday

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 including South African Airways set to receive new Airbus fleet soon, Statistics South Africa’s mid-year population estimate figures, Finance Minister Pravin Gordhan speaking out against tax avoidance, and a record number of insurance complaints. Glenn Lewington also conducted in-depth interviews with the people making the news: Lesiba Seshoka, Spokesman for the National Union of Mineworkers on the Lonmin operations coming to a standstill; Marius Croucamp, Spokesman for Solidarity on the wage dispute declared against Telkom; Anton Pillay, CEO of Coronation Fund Managers on their interim results; Sharon Smulders, Head of Tax and Tax Technical at the South African Institute of Tax Practitioners on the Fourth National Conference focusing on the Tax Administration Act; Willie Meyburgh, CEO of Stefanutti Stocks on their final results; Danie van Zyl, Head of Guaranteed Investment at Sanlam Structured Solutions on their Benchmark Symposium on Retirement in South Africa; and Jeremy Kelly, Global Research Director at Jones Lang LaSalle on cities adjusting to urbanisation. Market commentator for the evening Chris Gilmour, Analyst at Absa Investments provided commentary on South African Airways set to receive new Airbus fleet soon, the Rand falling on fears of strike at Lonmin; and the Congress of South African Trade Unions vowing to get tough on e-tolls and the oil markets. In the second half of the programme at 18h30, Glenn chaired a one-hour discussion on the weekly topic, namely the "South Africa’s Strike Season" with guests Nerine Kahn, Director at the Commission for Conciliation Mediation and Arbitration; Jonathan Goldberg, CEO of Global Business Solutions; and Chris Hart, Chief Economist at Investment Solutions with commentary from Shirley Wakefield, Spokesman at Pondering Panda; Bantu Holomisa, Member of Parliament, and President at the United Democratic Movement; and Lesiba Seshoka, Spokesman for the National Union of Mineworkers.

PROGRAMME LINEUP

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Segment 1 - 14: FULL PROGRAMME

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Segment 1:

Business and Financial News

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Segment 2:

Lonmin Operations Come to a Standstill

Guest:

Lesiba Seshoka
Spokesman
National Union of Mineworkers (NUM)

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Segment 3:

Report on South African Airways Set to Get New Airbus Fleet Soon

Reporter:

Mosehla Gwangwa

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Segment 4:

Solidarity Declares Wage Dispute with Telkom

Guest:

Marius Croucamp
Spokesman
Solidarity

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Segment 5:

Report on the Statistics South Africa (Stats SA) Mid-year Population Estimates

Reporter:

Glenn Lewington

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Segment 6:

Coronation Fund Managers Interim Results

Guest:

Anton Pillay
CEO
Coronation Fund Managers

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Segment 7:

Stefanutti Stocks Annual Results

Guest:

Willie Meyburgh
CEO
Stefanutti Stocks

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Segment 8:

Report on the Finance Minister Pravin Gordhan Speaking Out Against Tax Avoidance

Reporter:

Glenn Lewington