7 May 2013, Tuesday

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 Australia Central Bank cutting its rate to a record low, Western Cape farmers turning to labour brokers and the National Debt Mediation Association reports that over 70% of debt mediation cases resulted in a positive outcome. Glenn Lewington also conducted in-depth interviews with the people making the news: Cor Kraamwinkel, Associate Director for International Tax at PwC on withholding tax on cross-border services; Mark Lamberti, CEO of Transaction Capital on their interim financial results; Ben Pierre Malherbe, CEO of Calgro M3 on their annual results; Louw Liebenberg, CEO of PayProp on the First Quarter Rental Index; Ian Anderson, Chief Investment Officer of Grindrod Asset Management on rate expectations boosting interest in listed property; and Christian Esters, Primary Credit Analyst at Standard & Poor's on strong commodity reliance. Market commentator for the evening Liang Du, Head of Asset Allocation at Prescient Investment Management provided commentary on South African bonds firming after strong auction, HSBC reaping benefit of cost-cutting, the Altech CEO to forgo bonus and Delta Property planning a 300 million Rand bond sale. In the second half of the programme at 18h30, Glenn chaired a one-hour discussion on the weekly topic, namely 2013 Tourism Indaba with guests Erik Venter, CEO of Comair; Kate Nathan, Divisional Executive of Outbound Travel Publications at Now Media; and Graham Wood, CEO of Tsogo Sun with commentary from Paul Bannister, Founder of the Welcome Tourism Movement.

PROGRAMME LINEUP

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Segment 1 - 12: 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:

Withholding Tax on Cross-border Services May Deter South Africa as an Attractive Destination to Foreign Investors

Guest:

Cor Kraamwinkel
Associate Director for International Tax
PwC

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Segment 3:

Report on the Australian Central Bank Cutting Rates Quarter Point to a Record Low

Reporter:

Mosehla Gwangwa

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Segment 4:

Report on Western Cape Farmers Turning to Labour Brokers

Reporter:

Glenn Lewington

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Segment 5:

Transaction Capital Interim Financial Results

Guest:

Mark Lamberti
CEO
Transaction Capital

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Segment 6:

Calgro M3 Annual Results

Guest:

Ben Pierre Malherbe
CEO
Calgro M3

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Segment 7:

PayProp First Quarter Rental Index

Guest:

Louw Liebenberg
CEO
PayProp