16 April 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 the Glencore and Xstrata deal clearing the final hurdle, a trading statement by Illovo, and the International Monetary Fund downgrading global growth. Glenn Lewington also conducted in-depth interviews with the people making the news: Peter Major, Mining Consultant at Cadiz Corporate Solutions on gold price volatility; George Glynos, Managing Director at ETM Analytics on the Greek economic recovery; Ahmed Mahomed, CEO of Datacentrix Holdings on their latest financial results; Professor Mervyn King, Chairman of the International Integrated Reporting Council and the Integrated Reporting Committee of South Africa on the launch of the International Integrated Reporting Framework; Emilio Pera, Lead Banking and Capital Markets Director at Ernst & Young on their latest Banking Index; and Sizwe Nxedlana, Chief Economist at FNB on their latest Building Confidence Index. Market commentator for the evening Mia Kruger, Equity Analyst and Portfolio Manager at Kruger International provided commentary on Coke earnings slipping on sagging sales, Goldman Sachs cautious as earnings inch higher, equities shaken by global growth worries, Danone sales boosted on baby food demand, tough times ahead for mine talks, and the gold price recovering from its slump. In the second half of the programme at 18h30, Glenn chaired a one-hour discussion on the weekly topic, namely "Bargaining Councils in South Africa" with guests Dennis George, General Secretary on the Federation of Unions of South Africa; and Anton Alberts, Parliamentary Spokesman on Labour at the Freedom Front Plus with commentary from Herman Mashaba, Chairman of the Free Market Foundation; Steve Swart, Member of Parliament at the African Christian Democratic Party; and Neren Rau, CEO of the South African Chamber of Commerce and Industry.

PROGRAMME LINEUP

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Segment 1 - 12: FULL PROGRAMME

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Segment 1:

Business and Financial News

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Segment 2:

Gold Price Volatility

Guest:

Peter Major
Mining Consultant
Cadiz Corporate Solutions

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Segment 3:

Report on Glencore and Xstrata Deal Clearing the Final Hurdle

Reporter:

Glenn Lewington

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Segment 4:

A Glimpse into the Greek Economic Recovery

Guest:

George Glynos
Managing Director
ETM Analytics

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Segment 5:

Datacentrix Annual Financial Results

Guest:

Ahmed Mahomed
CEO
Datacentrix Holdings

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Segment 6:

First Quarter Banking Confidence Index from Ernst & Young

Guest:

Emilio Pera
Lead Banking and Capital Markets Director
Ernst & Young

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Segment 7:

First Quarter Building Confidence Index from FNB/BER

Guest:

Sizwe Nxedlana
Chief Economist
FNB