6 June 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 the South African Reserve Bank Governor speaking out on rates, North West farmers suffering drought damage, and the Bank of England keeps interest rates unchanged. Glenn Lewington also conducted in-depth interviews with the people making the news: Dawie Roodt, Chief Economist at the Efficient Group on the consequences of currency depreciation; Lesiba Seshoka, Spokesman at the National Union of Mineworkers on proposals by Coal of Africa to close its Mooiplaats colliery; Marius Croucamp, Spokesman at Solidarity on wage negotiations with Telkom; Jonathan Goldberg, Labour Lawyer on the proposed banning of labour brokers; Jonathan Hertz, Group CEO of the Peregrine Group, and Nazeem Martin, Managing Director of Business Partners Limited on their companies’ respective financial results; and Ivor Ichikowitz, Executive Chairman of the Paramount Group on incorporating ATE into the Paramount Group. Market Analyst for the evening Ricus Reeders, Portfolio Manager at PSG Konsult provided commentary on South Africa receiving a waiver on Iran oil sanctions, the Rand firming after a speech by Gill Marcus on monetary policy, credit amnesty, and bonds softening. In the second half of the programme at 18h30, Glenn chaired a one-hour discussion on the weekly topic, namely "South Africa’s Conservation Crisis" with guests Mariette Liefferink, CEO of the Federation for a Sustainable Environment; Sean Freeman, Director of Living Seeds; Shaheen Moolla, CEO of Feike; and Mark Witney, Chief Operating Officer of Singita with commentary by Dr Christo Marais, Chief Director of Natural Resource Management Programmes at the Department of Environmental Affairs; and Schalk Mouton, Senior Environmental Reporter at The Times Newspaper.

PROGRAMME LINEUP

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Segment 1 - 13: FULL PROGRAMME

DOWNLOAD AND LISTEN TO PODCAST OF THE FULL PROGRAMME HERE

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Segment 1:

Business and Financial News

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Segment 2:

Report on the South African Reserve Bank Governor Speaking Out on Rates

Reporter:

Glenn Lewington

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 3:

The Consequences of Currency Weakness

Guest:

Dawie Roodt
Chief Economist
Efficient Group

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 4:

Report on the North West Farmers Suffering a Two Billion Rand Loss in Drought Damage

Reporter:

Glenn Lewington

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Segment 5:

National Union of Mineworkers (NUM) Rejects COAL of Africa Proposals

Guest:

Lesiba Seshoka
Spokesman
NUM

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 6:

The African National Congress (ANC) Members of Parliament Propose Ban on Labour Brokers

Guest:

Jonathan Goldberg
Labour Lawyer

DOWNLOAD AND LISTEN TO PODCAST HERE
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Segment 7:

The Commission for Conciliation Mediation and Arbitration (CCMA) Calls on Trade Unions and Telkom to Continue Negotiations

Guest:

Marius Croucamp
Spokesman
Solidarity