4 April 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 Anglo American's credit rating being downgraded by Standard & Poor's, JinkoSolar supplying South Africa with solar panels, the e-toll bill going to the national council of provinces, the Ministry of Trade and Industry unveiling its latest Industrial Policy Action Plan, Bidvest's six billion Rand Adcock Ingram bid turning hostile, electricity contracts between Eskom and BHP Billiton, and Japan announcing a major stimulus package. Glenn Lewington also conducted in-depth interviews with the people making the news: William Tankard, Research Director of Precious Metals Mining at GFMS Commodities and Energy on the latest Thomson Reuters GFMS Gold Survey; Lullu Krugel, Senior Economist at KPMG on their inflation outlook; Anthony Nartey, Group CEO of Innov8 Africa on sustainable buildings; Angus Robinson, Director of Mobile Content and Community Divisions at NATIVE on its latest digital technology report; and Thomas Magill, Head of the China Desk for PwC South Africa on its latest report on China remaining a top destination for foreign investment. Market Analyst for the evening Viv Govender, Senior Analyst at Vunani Private Clients provided commentary on the European Central Bank keeping rates on hold, United States stocks retreating on weak economic data, e-tolling closer to getting the go-ahead, and Eskom’s electricity deal with BHP Billiton. 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 Mike Haworth, Managing Director at Applied Capital Insights; Ulrich Joubert, Independent Analyst; Natasha Michaels, Member of Parliament and Shadow Minister of Public Enterprises at the Democratic Alliance with commentary by Phillip de Wet, Associate Editor at the Mail & Guardian; and Patrick Craven, National Spokesman of the Congress of South African Trade Unions.

PROGRAMME LINEUP

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Segment 1 - 15: FULL PROGRAMME

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Segment 1:

Business and Financial News

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Segment 2:

Report on Eskom's BHP Billiton Losses Already at 10.7 Billion Rand

Reporter:

Glenn Lewington

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Segment 3:

Thomson Reuters GFMS Gold Survey 2013

Guest:

William Tankard
Research Director of Precious Metals Mining
GFMS Commodities and Energy

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Segment 4:

Report on Anglo American's Downgrade by Standard & Poor's

Reporter:

Glenn Lewington

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Segment 5:

Report on JinkoSolar to Supply 115 Megawatts of Solar Panels to South Africa

Reporter:

Glenn Lewington

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Segment 6:

No Room for Rate Cut this Year

Guest:

Lullu Krugel
Senior Economist
KPMG

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Segment 7:

Report on e-toll Bill Awaiting the Nod from Parliament

Reporter:

Mosehla Gwangwa