Classic Business

Classic Business

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Classic Business episodes

  • What is the state's scorecard in fighting corruption
    Corruption related to tenders for personal protective equipment has unleashed a wave of public anger aimed at the governing party, the ANC. Are we witnessing a turning point in the country as the president seeks to apply pressure inside his party both as the president of the country and as the president of the ANC on the culture of acceptance of corruption inside the ANC. President Cyril Ramaphosa’s letter addressed to ANC Cadres has been getting a lot of attention but equally one must look at what the president has done to address the rot inside the state.JP Landman, political and trend analyst looked at this very issue in a recent
    When we separate party and state, Avery speaks to Landman about the scoreboard of what the state has achieved so far in fighting corruption.
    10 min
  • The evolution and success story of Investec
    In this weekly feature Michael Avery gets up close and personal with South Africa’s business and political economy leaders, to uncover what makes them tick, keeps them up at night and keeps them going through the Covid storm. Investec was founded as a small leasing and financing company 46 years ago, in 1974 in Johannesburg, by Larry Nestadt, Errol Grolman and Ian Kantor. And Michel Avery recalls his late colleague, veteran financial journalist, David Gleason, often ribbing former CEO Stephen Koseff about how the market used to look at the firm as a small bucket shop. Well, how far it has come, expanding through a combination of organic growth and astute dealmaking.It secured a banking licence in 1980 and was first listed on the JSE Securities Exchange in South Africa in 1986, after merging with Metboard, a trust company. In 1988, Investec Bank was restructured into Investec Group, giving Investec Management and staff control of the company.In September 2018, Investec announced plans to demerge and separately list its asset management business, Ninety One. And here we find ourselves today, the demerger successful.
    To look back on a truly remarkable and iconic South African business success story, Avery sits down with the founding CEO and subsequent chairman, Ian Kantor, and another co-founder, long-time CEO Stephen Koseff.
    28 min

About Classic Business

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A carefully balanced blend of the daily business beat, markets and company news. Serious when required and irreverent when warranted, never boring, always striving to inform, educate and entertain.