31 May 2013, Friday

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 petrol price set to drop, the strike at three Xstrata mines, the investigation into Capitec referred to the National Consumer Tribunal, the former South African Airways CEO going to fight his dismissal in court, City Power threatening to cut off electricity, a Khayelitsha businessman making the Forbes Top 30 under 30 list and unemployment in the Eurozone. Glenn Lewington also conducted in-depth interviews with the people making the news: John Cairns, Currency Strategist at Rand Merchant Bank on the depreciating Rand; Keith Vincent, CEO of Wilderness Safaris on their annual financial results; and Rob Kane, CEO of Vunani Property Investment Fund on receiving the go-ahead to raise up to seven hundred million Rand for acquisitions. Market commentator for the evening Ian Edwards, Wealth Manager at the deVere Group provided commentary on Africa's economy projected to grow steadily, burden of debt, the Rand plummeting to record lows and unemployment in the Eurozone.

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:

Rand Depreciation Continues and South Africa’s Trade Deficit Widens

Guest:

John Cairns
Currency Strategist
Rand Merchant Bank (RMB)

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 3:

Report on the Petrol Price Set to Drop

Reporter:

Glenn Lewington 

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 4:

Report on the Strikes at Three Xstrata Mines

Reporter:

Mosehla Gwangwa 

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 5:

Report on the Investigation into Capitec Referred to the National Consumer Tribunal

Reporter:

Glenn Lewington 

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 6:

Wilderness Safaris Annual Financial Results

Guest:

Keith Vincent
CEO
Wilderness Safaris

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 7:

Report on the Former South African Airways (SAA) CEO Going to Court to Fight Dismissal

Reporter:

Ayanda Melansi

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 8:

Report on the Record Eurozone Unemployment

Reporter:

Lee Kern 

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 9:

Report on City Power Threatening Electricity Cut-offs

Reporter:

Glenn Lewington 

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 10:

Vunani Property Investment Fund Receives Go-ahead to Raise Up to 760 Million Rand for Acquisitions

Guest:

Rob Kane
CEO
Vunani Property Investment Fund (VPIF)

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 11:

Commentary on Africa's Economy Projected to Grow Steadily, Burden of Debt, the Rand Plummeting to Record Lows and Unemployment in the Eurozone

Commentator:

Ian Edwards
Wealth Manager
deVere Group

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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