28 March 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 Cape Town major organisations against the e-tolls project being implemented in the Western Cape, the Medupi construction continuing despite striking workers, and oil firms investing millions in an oil field. Glenn Lewington also conducted in-depth interviews with the people making the news: Annabel Bishop, Group Economist at the Investec Group on the February Producer Price Inflation figures from Statistics South Africa; Chris Hart, Chief Economist at Investment Solutions on South Africa’s credit growth; Jabu Mabuza, Chairman of the Telkom Group on the appointment of their new group Chief Executive Officer and Chief Operations Officer; Andrew Dittberner, Senior Investment Manager at Cannon Asset Managers on an investment bubble in the Johannesburg Stock Exchange; James Masango, Member of Provincial Legislature in Mpumalanga at the Democratic Alliance on the Middelburg hospital in crisis as nurses and doctors strike; Gary Ronald, Spokesman of the Automobile Association South Africa for safety tips on the roads this Easter period; and Delouise Marais, Executive Head of Underwriting at MUA Insurance Acceptances on precautionary measures to protect against home burglaries. Market Analyst for the evening Simon Brown, CEO and Founder of JustOneLap.com provided commentary on major organisations in the Western Cape opposing the implementation of the e-tolls project, the BRICS development bank failing to sign an agreement, and foreign banks submitting to Zimbabwe’s compliance plans. 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 Victor Kgomoeswana, Executive of Business Development at the Pretoria Portland Cement Company; Anthony Thunstrom, Chief Operating Officer of the Global Africa Project at KPMG; and Abdullah Verachia, Director at Frontier Advisory and the Gordon Institute of Business Science with commentary from André Roux, Co-head of Fixed Income and Currency at Investec Asset Management; and Paul Hoffman, Director at the Institute of Accountability.

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:

Report on Major Organisations Against the e-tolls Project Being Implemented in the Western Cape

Reporter:

Mosehla Gwangwa

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Segment 3:

February Producer Price Inflation (PPI) Figures from Statistics South Africa (Stats SA)

Guest:

Annabel Bishop
Group Economist
Investec

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Segment 4:

Money Supply and Credit Extension for February 2013

Guest:

Chris Hart
Chief Economist
Investment Solutions

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Segment 5:

Telkom Board Appoints New Group Chief Executive Officer and Chief Operations Officer

Guest:

Jabu Mabuza
Chairman
Telkom

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Segment 6:

Investment Bubble on the Johannesburg Stock Exchange (JSE)

Guest:

Andrew Dittberner
Senior Investment Manager
Cannon Asset Managers

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Segment 7:

Middelburg Hospital in Crisis as Nurses and Doctors Strike

Guest:

James Masango
Member of the Provincial Legislature in Mpumalanga
Democratic Alliance (DA)