20 June 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 workers resuming work at Medupi Power Station after a stoppage. Glenn Lewington also conducted in-depth interviews with the people making the news: Cobus Venter, Chief Economist at Stellenbosch Economics on his reaction to the Federal Reserve Chairman Ben Bernanke’s speech; Kevin Gast, CEO of Gast on operational problems encountered with the Medupi Power Station project; Lance Greyling, Member of Parliament, and Shadow Minister of Energy at the Democratic Alliance on executive creep ensuring Eskom holds on to the electrical grid; Vuyelwa Qinga, Group Communications Manager at Denel on confirming the names of the employees killed in Somalia; and Tahir Sema, Spokesman for the South African Municipal Workers Union on negotiations coming to a standstill with local government. Market Analyst Rob Spanjaard, Portfolio Manager and Investment Director at Rezco Asset Management provided commentary on markets hammered on Fed exit plan, United Kingdom banks face a £27 billion capital shortfall, President Zuma stating that Investors are not worried over South Africa, the Government planning to keep redistributed land out of banks' hands, fewer debtors being dragged to court, and local steel production being lower in May. In the second half of the programme at 18h30, Glenn chaired a one-hour discussion on the weekly topic, namely "South Africa’s Arms of Justice" with guests Dr Anthea Jeffery, Head of Special Research at the South African Institute of Race Relations; and Advocate Paul Hoffman, Director at the Institute of Accountability with commentary from Advocate Johan Kruger, Director of the Centre for Constitutional Rights.

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:

Reaction to the United States Federal Reserve Chairman’s Speech

Guest:

Cobus Venter
Chief Economist
Stellenbosch Economics

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 3:

Report on Work Resuming at Medupi Power Station After Stoppage

Reporter:

Glenn Lewington 

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 4:

Operational Issues Encountered with the Medupi Power Station Project Contract

Guest:

Kevin Gast
CEO
Gast


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Segment 5:

Executive Creep Ensures Eskom Holds on to the Electricity Grid

Guest:

Lance Greyling
Member of Parliament, and
Shadow Minister of Energy at the Democratic Alliance (DA)

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 6:

Denel Confirms the Names of Employees Killed In Somalia

Guest:

Vuyelwa Qinga
Group Communications Manager
Denel

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 7:

Negotiations Over a Collective Agreement Gridlocked

Guest:

Tahir Sema
Spokesman
South African Municipal Workers Union (SAMWU)

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 8:

Commentary on low BEE levels, labour brokers, fewer debtors dragged to court, Asian markets hammered on Fed exit plan, and South African steel production down in May

Commentator:

Rob Spanjaard
Portfolio Manager and Investment Director
Rezco Asset Management

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 9:

South Africa's Arms of Justice (Part Three)

Guests (panel discussion):

Dr Anthea Jeffery
Head of Special Research
South African Institute of Race Relations (SAIRR)

Advocate Paul Hoffman
Director
Institute of Accountability

Commentator:

Advocate Johan Kruger
Director
Centre for Constitutional Rights

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

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