26 March 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 BRICS countries reaching a deal on a development bank, Bank of Cyprus Chairman stepping down, another strike erupting at the Medupi power plant, and Shanduka Coal firing 250 workers. Glenn Lewington also conducted in-depth interviews with the people making the news: Jeremy Sampson, Executive Chairman of Interbrand Sampson on the intellectual property that is Rooibos tea; and Atose Aguele, Managing Director at Avedia Energy on entering the South African liquid petroleum gas industry; Rudolf Mahoney, Spokesman for WesBank on travelling this Easter weekend; Chris Bredenhann, Southern Africa Energy Leader at PwC on what shale gas exploration means for South Africa; Lourens Coetzee, Investor Professional at Marriott on optimism bias; and Brad Mears, CEO of the South African Business Coalition on Health and Aids on a private sector community healthcare fund. Market Analyst for the evening Mohammed Nalla, Strategic Analyst at Nedbank Capital provided commentary on the Fifth BRICS Summit, co-operation between China and South Africa, the Bank of Cyprus Chairman stepping down, currency movements, and data coming out of the United States. In the second half of the programme at 18h30, Glenn chaired a one-hour discussion on the weekly topic, namely "The Fifth BRICS Summit" with guests Mike Tonkin, Head of South African Institutional Sales at Saxo Capital Markets South Africa; Lavan Gopaul, Stockbroker at 28 E Capital; and Neren Rau, CEO of the South African Chamber of Commerce and Industry with commentary by Jan Hofmeyr, Programme Head of Policy and Analysis at the Institute for Justice and Reconciliation; Saijil Singh, Senior Research Analyst at Coface; and Sugan Palanee, Head of Markets at Ernst & Young Africa.

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:

BRICS Reach Deal on Development Bank

Reporter:

Mosehla Gwangwa

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Segment 3:

Bank of Cyprus Chairman Quits

Reporter:

Lee Kern

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Segment 4:

Another Strike Erupts at Medupi Power Plant

Reporter:

Glenn Lewington

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Segment 5:

Shanduka Coal Fires 250 Illegal Strikers

Reporter:

Glenn Lewington

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Segment 6:

South Africa Fights to Protect Rooibos Name

Guest:

Jeremy Sampson
Executive Chairman
Interbrand Sampson

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Segment 7:

New Player in the South African Liquefied Petroleum Gas Industry

Guest:

Atose Aguele
Managing Director
Avedia Energy