17 July 2013, 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 day’s news including retail sales figures for May released from Statistics South Africa, and Barclays set to fight its multimillion Dollar power fine in the United States. Glenn Lewington also conducted in-depth interviews with the people making the news: Sizwe Nxedlana, Chief Economist at FNB on their South African Economics Analyst Report for July; Marc Joffe, Director at Global Credit Ratings on local municipalities grappling with rising costs; Billy Joubert, Director for Tax at Deloitte on transfer pricing posing a reputational risk for multinational enterprises; and Godwin Khoza, Secretariat of the National Education Collaboration Trust on major education stakeholders pledging joint action for education reform. Market Analyst Chris Gilmour from Absa Investments provided commentary on Eskom warning of dangerous appliances, low rates build risk for fragile banks, European car sales sink to a 20-year low, and Goldman Sachs profits double. In the second half of the programme at 18h30, Glenn chaired a one-hour discussion on the weekly topic, namely "Financial Planning and Saving for Retirement" with guests Gary Kayle, Money Coach at The Money School; Ian Wason, CEO of Debt Busters; Laurence Hillman, Managing Director at 1Life; Warren Ingram, Financial Planner and Executive Director at Galileo Capital with commentary from Elmar Pittendrigh, Sales Manager at Ooba West Rand.

PROGRAMME LINEUP

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Segment 1 - 9: 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:

South African Economics Analyst (SAEA) Report for July

Guest:

Sizwe Nxedlana
Chief Economist
First National Bank (FNB)

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 3:

Report on the Retail Sales Figures for May from Statistics South Africa (Stats SA)

Reporter:

Glenn Lewington

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 4:

Local Municipalities Grappling with Rising Costs

Guest:

Marc Joffe
Director
Global Credit Ratings (GCR)

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 5:

Report on Barclays Set to Fight Multimillion Dollar Power Fine in United States

Reporter:

Jonathan Adams 

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Segment 6:

Transfer Pricing Poses a Reputational Risk for Multinational Enterprises

Guest:

Billy Joubert
Director for Tax
Deloitte

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 7:

Major Education Stakeholders Pledge Joint Action for Education Reform

Guest:

Godwin Khoza
Secretariat
National Education Collaboration Trust (NECT)

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 8:

Commentary on Eskom warning of dangerous appliances, low rates build risk for fragile banks, European car sales sink to a 20-year low and Goldman Sachs profits double

Commentator:

Christopher Gilmour
Analyst
Absa Investments

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 9:

Financial Planning and Saving for Retirement (Part Three)

Guests (panel discussion):

Gary Kayle
Money Coach
The Money School

Ian Wason
CEO
Debt Busters

Laurence Hillman
Managing Director
1Life

Warren Ingram
Financial Planner and Executive Director
Galileo Capital

Commentator:

Elmar Pittendrigh
Sales Manager
Ooba West Rand

DOWNLOAD AND LISTEN TO PODCAST HERE
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00:00 - 07:00

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