18 April 2013, Thursday

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 Famous Brands buying a controlling stake in The Bread Basket, Absa sells its custody business, and the SABMiller annual financial results. Glenn Lewington also conducted in-depth interviews with the people making the news: Sizwe Nxedlana, Chief Economist at FNB on the latest Civil Construction Industry Index; Cornelius Jansen van Rensburg, Spokesman at AfriForum on a mineral rights ruling; Khalid Abdulla, CEO of Sekunjalo Investments, Sisa Ngebulana, CEO of Rebosis, Vanessa Oliver, Deputy CEO of Business Connexion on their latest financial results, and Paul Meyer, Managing Director at Luma on trends in the animation industry. Market commentator for the evening Christopher Gilmour, Analyst at Absa Investments provided commentary on the airline industry growing South Africa's GDP by 74 billion Rand, the sentencing of Fidentia’s boss, Germany approving a Cyprus bailout, and the international Monetary Fund chief facing a grilling in a graft probe. 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 Boitumelo Sethlatswe, Researcher at the South African Institute of Race Relations; Peter Aling, Quantitative Analyst at Prophet Analytics; Sej Motau, Member of Parliament, and Shadow Minister of Labour at the Democratic Alliance; and Gerhard Papenfus, CEO of the National Employers' Association of South Africa with commentary from Johan Olivier, Partner at Webber Wentzel; and Anastasia Vatalidis, Head of the Labour and Employment Practice at Werksmans Attorneys.

PROGRAMME LINEUP

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Segment 1 - 13: FULL PROGRAMME

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Segment 1:

Business and Financial News

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Segment 2:

First Quarter FNB/BER Civil Construction Industry Index

Guest:

Sizwe Nxedlana
Chief Economist
FNB

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Segment 3:

Constitutional Court Rules on Mineral Rights

Guest:

Cornelius Jansen van Rensburg
Spokesman
AfriForum

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Segment 4:

Report on Famous Brands Buying a Controlling Stake in The Bread Basket

Reporter:

Glenn Lewington

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Segment 5:

Report on Buyer for Absa Custody Business

Reporter:

Glenn Lewington

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Segment 6:

Sekunjalo Investments Interim Financial Results

Guest:

Khalid Abdulla
CEO
Sekunjalo Investments

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Segment 7:

Rebosis Interim Financial Results

Guest:

Sisa Ngebulana
CEO
Rebosis