3 April 2013, Wednesday

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 South African Airways long-term turnaround strategy, the amount of revenue collected by the South African Revenue Service, record Eurozone unemployment figures, and electricity contracts between Eskom and BHP Billiton. Glenn Lewington also conducted in-depth interviews with the people making the news: Councillor Denis Hunt, City of Johannesburg Spokesman for Infrastructure Services at the Democratic Alliance on proposed increases in rates and taxes; Ettienne le Roux, Chief Economist at RMB on their latest Business Confidence index; Sharda Naidoo, Spokesman at Gold Fields on a wildcat strike at their Ghana operations; and John Loos, Household and Property Sector Strategist at FNB Home Loans on their latest House Price index. Market Analyst for the evening Deryck Janse van Rensburg, Stockbroker and Portfolio Manager at Nedgroup Private Wealth Stockbrokers provided commentary on business confidence at a thirteen-year low, gas investment in South Africa, BHP Billiton saying Eskom must honour its power deals, and Adcock Ingram firing back at an offer by Bidvest. 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 Leon Louw, Executive Director of the Free Market Foundation; Dawie Roodt, Chief Economist of the Efficient Group; Nazeer Essop, Public Sector Leader at Deloitte with commentary by Natasha Michaels, Member of Parliament, and Shadow Minister of Public Enterprises at the Democratic Alliance.

PROGRAMME LINEUP

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Segment 1 - 11: 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:

Proposed Increases in Rates and Tariffs

Guest:

Councillor Denis Hunt
City of Johannesburg Spokesman for Infrastructure Services
Democratic Alliance (DA)

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 3:

First Quarter RMB/BER Business Confidence Index

Guest:

Ettienne le Roux
Chief Economist
RMB

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 4:

Report on South African Airways Submitting Long-term Turnaround Strategy

Reporter:

Mosehla Gwangwa

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Segment 5:

Gold Fields Responds to Illegal Strikes at its Ghanaian Operations

Guest:

Sharda Naidoo
Spokesman
Gold Fields

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 6:

March FNB House Price Index

Guest:

John Loos
Household and Property Sector Strategist
FNB Home Loans

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 7:

Report on South African Revenue Service (SARS) Collecting Four Billion Rand More in Revenue

Reporter:

Glenn Lewington

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Segment 8:

Report on Eskom Power Contracts

Reporter:

Jonathan Adams

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Segment 9:

Report on the Eurozone Unemployment Figures Hitting a Record High

Reporter:

Lee Kern

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Segment 10:

Commentary on Business Confidence at a Thirteen-year Low, Gas Investment in South Africa, BHP Billiton Insisting Eskom Honour its Power Deals, Adcock Ingram Firing Back at a Bidvest Offer

Commentator:

Deryck Janse van Rensburg
Stockbroker and Portfolio Manager
Nedgroup Private Wealth Stockbrokers

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 11:

The Politics of Parastatals in South Africa

Guests (panel discussion):

Leon Louw
Executive Director
Free Market Foundation

Dawie Roodt
Chief Economist
Efficient Group

Nazeer Essop
Public Sector Leader
Deloitte

Commentator:

Natasha Michaels
Member of Parliament, and
Shadow Minister of Public Enterprises at the Democratic Alliance (DA)

DOWNLOAD AND LISTEN TO PODCAST HERE

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