2 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 Lonmin selecting an Amplats executive to lead the company, Glencore pushing back the date for a deal with Xstrata, and Gijima’s annual financial results. Glenn Lewington also conducted in-depth interviews with the people making the news: André Coetzee, Managing Director at the Chartered Institute of Purchasing and Supply on their latest Purchasing Managers Index; James Wellsted, Head of Corporate Affairs at Sibanye Gold on possible job cuts at one of its operations; Wessel Steffens, Head of Vehicle and Commercial Asset Finance at Absa on the latest new vehicles sales figures; Patrycja Kula, Business Development Manager at the Johannesburg Stock Exchange on implementing a Local Real Estate Investment Trust Regime; Terence Gregory, CEO of John Daniel Holdings on their latest financial results; and Mike Tonkin, Head of South African Institutional Sales of Saxo Capital Markets South Africa on the Cyprus Finance Minister quitting. Market Analyst for the evening Craig Pheiffer, General Manager at Absa Investments provided commentary on the Cyprus Finance Minister quitting, Greek banks awarded more time to recapitalise, Exxon Mobil and BHP Billiton planning a giant floating liquid natural gas plant, new regulations for listed property on the Johannesburg Stock Exchange, the Purchasing Managers Index falling in March, and foreigners snapping up South African bonds. In the second half of the programme at 18h30, Glenn chaired a one-hour discussion on the weekly topic, namely "The Politics of Parastatals in South Africa" with guests Azar Jammine, Chief Economist and Director of Econometrix; Loane Sharp, Labour Market Analyst at Adcorp; Lucy Holborn, Research Manager at the South African Institute of Race Relations with commentary by Independent Analyst, Ian Cruickshanks.

PROGRAMME LINEUP

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Segment 1 - 12: 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:

Kagiso Purchasing Managers Index - March 2013

Guest:

André Coetzee
Managing Director
Chartered Institute of Purchasing and Supply (CIPS)

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 3:

Possible Job Cuts at Sibanye Gold’s Beatrix West Mine

Guest:

James Wellsted
Head of Corporate Affairs
Sibanye Gold 

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 4:

Report on Lonmin Picking Amplats Executive to Lead Turnaround

Reporter:

Glenn Lewington

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Segment 5:

Report on Glencore Pushing Back Xstrata Deal

Reporter:

Mosehla Gwangwa

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 6:

National Association of Automobile Manufacturers of South Africa New Vehicle Sales

Guest:

Wessel Steffens
Head of Vehicle and Commercial Asset Finance
Absa

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 7:

Implementing a Local Real Estate Investment Trust (REIT) Regime

Guest:

Patrycja Kula
Business Development Manager
Johannesburg Stock Exchange (JSE)

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 8:

John Daniel Holdings Annual Results

Guest:

Terence Gregory
CEO
John Daniel Holdings

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 9:

Report on the Gijima Annual Financial Results

Reporter:

Glenn Lewington

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 10:

Cyprus Finance Minister Quits

Guest:

Mike Tonkin
Head of South African Institutional Sales
Saxo Capital Markets South Africa 

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 11:

Commentary on the Cyprus Finance Minister Quitting, Greek Banks Getting More Time to Recapitalise, Exxon Mobil and BHP Billiton Planning a Giant Floating Liquid Natural Gas Plant, New Regulations for Listed Property on the Johannesburg Stock Exchange, the Purchasing Managers Index Falling in March, and Foreigners Snapping up South African Bonds

Commentator:

Craig Pheiffer
General Manager
Absa Investments

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 12:

The Politics of Parastatals in South Africa

Guests (panel discussion):

Azar Jammine
Chief Economist and Director
Econometrix

Loane Sharp
Labour Market Analyst
Adcorp Holdings

Lucy Holborn
Research Manager
South African Institute of Race Relations

Commentator:

Ian Cruickshanks
Independent Analyst

DOWNLOAD AND LISTEN TO PODCAST HERE

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05:30 - 09:30

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with Deano Maduramuthu

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