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PODCAST

Best of Business

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

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All Episodes

9:55

Liam Dann: NZ Herald Business Editor at Large says...

Best of Business ·

2023/08/02

A slighter higher rise to the unemployment rate than expected. Stats NZ figures show it reached 3.6 percent for the three months to June. That's up point-two percent, on the preceding quarter. Most economists were predicting a point-one increase. Herald Business Editor at Large, Liam Dann, told Kerre Woodham it means there's more tension in the labour market. He says it's been seen through more people applying for fewer job ads - which makes life easier for employers. LISTEN ABOVE See

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11:31

Pollies: MPs Megan Woods and Mark Mitchell on retail...

Best of Business ·

2023/08/01

A senior cabinet minister is playing down the recent rise in retail crime. Latest Police figures show retail crime is on track to break records this year -- with 45,000 retail crimes were reported in the first four months of this year. Only about 1,000 arrests were made. National Party police spokesperson Mark Mitchell told Mike Hosking he believes the numbers. But Labour's Megan Woods says the numbers may not tell the full story, as many of the crimes may have been minor. LISTEN ABOVESee

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2:28

Mike's Minute: We are still feeling the mistakes of...

Best of Business ·

2023/08/01

One of the many mistakes made during the Covid days that I could never understand, is how it was that the wage subsidy was handed out with such astonishing abandon, with no real recourse should it not be needed. The Ministry of Social Development has released a list of the top ten companies that have voluntarily paid back the money they got. It totals about 25 percent of all the money handed out, around $200 million. The word 'voluntary' is an important one. No one has to pay it back and in that is

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2:52

Nick Tuffley: Chief Economist at ASB expects a very...

Best of Business ·

2023/08/01

Today we will get the last unemployment figure before the election. Unemployment is currently sitting at 3.4 percent and most are only expecting a very slight shift to 3.5 percent. Chief Economist at ASB Nick Tuffley joined Mike Hosking to give his prediction. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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4:50

Nicola Willis: National Finance Spokesperson...

Best of Business ·

2023/08/01

You may remember in 2021 National were initially against establishing a fiscal costing unit. But as soon as Nicola Willis stepped into her role of National's Finance spokesperson she contacted the Finance Minister to give National's support of the Independent Costing Authority. And despite claims of a fiscal hole in National's election policies, Grant Robertson has not acted on creating the unit. Nationals Finance spokesperson Nicola Willis joined the Mike Hosking Breakfast. LISTEN ABOVE See

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3:12

Sharon Zollner: ANZ's Chief Economist ahead of last...

Best of Business ·

2023/08/01

Unemployment figures are out today - and it's the last data set before the election. It's currently sitting at 3.4 percent and no-one is expecting much change to that. Sharon Zollner is ANZ's Chief Economist and she joined Kate Hawkesby ahead of the figure's release. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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2:26

Sunny Kaushal: Dairy and Business Owners Group Chair...

Best of Business ·

2023/08/01

As retail crime continues to surge, most offenders appear to be getting away scot-free. Latest Police figures released to the Dairy and Business Owners Group show a record 125,000 retail crime offences were reported last year - a number likely to be surpassed this year. Only about 2.3 percent of those reports are resulting in arrests. Dairy and Business Owners Group Chair Sunny Kaushal told Mike Hosking that compares to about 50-percent of reports back in 2015. LISTEN ABOVE See

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3:02

Jithin Chittibomma: Sandringham Business Association...

Best of Business ·

2023/08/01

The retail sector is pointing to Government justice policies as a reason for increasing crime. Police figures suggest only 2.3 percent of reported retail crime results in arrests. The number of retail offences reported to police last year was over 125,000, up from 61,000 in 2021, although that year saw lengthy Covid-19 lockdowns in several regions. Sandringham Business Association Chair Jithin Chittibomma told Kate Hawkesby the Government's approach leaves a lot to be desired. LISTEN ABOVE See

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3:27

Kate McNamara: NZ Herald business journalist on the...

Best of Business ·

2023/08/01

A group of veteran public servants who were appointed to set up four water entities are collecting high salaries for work that no longer exists. Jon Lamonte, Vaughan Payne, Colin Crampton and Michael Brewster were commissioned to run the Government's proposed water super-entities- until they were scrapped for 10 entities in April. NZ Herald business journalist Kate McNamara says their salaries were conceived in 2022, before Three Waters was cut down. "There'll be employment contract fish hooks in

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3:00

Jamie Mackay: The Country host less than optimistic...

Best of Business ·

2023/08/01

Analysts are feeling less than optimistic about tonight's GDT auction amid low Chinese demand for dairy. According to the SGX-NZX futures market, whole milk powder prices are expected to fall a further 3 percent. The Country's Jamie Mackay says it's a grim market for dairy farmers following on from environmental disasters. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:43

Pattrick Smellie: BusinessDesk managing editor on...

Best of Business ·

2023/08/01

Finance Minister Grant Robertson remains under pressure, as he bats off questions about Labour's tax policy. Robertson is still refusing to confirm whether Labour will remove the GST from fruit and vegetables, amid allegations from National. BusinessDesk managing editor Pattrick Smellie says Labour's been caught flat-footed, as Robertson would have said so directly if the party weren't considering this policy. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:29

Jarrod Haar: Massey Business School Professor says...

Best of Business ·

2023/08/01

New research shows over a third of New Zealand's workforce are thinking of quitting their jobs and moving to Australia. A joint university study highlights those workers are 2.6 times more likely to jump the ditch - after recent changes gave Kiwis an easier pathway to Australian citizenship. Massey Business School Professor Jarrod Haar says Kiwis are struggling financially and more opportunities paired with an easy path to citizenship makes a move to Australia more appealing. "We still have a tight

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2:41

Gareth Kiernan: Infometrics Chief Forecaster says...

Best of Business ·

2023/08/01

Economists are baffled over BNZ's decision to bump up the interest rates on three home loan terms. The bank will lift their six-month rate from 7.85 percent to 7.99 percent. Their four- and five-year rates will increase from 6.89 percent to 7.09 percent. Infometrics Chief Forecaster Gareth Kiernan says the six-month rate increase is at odds with BNZ's own economic forecast. "The six-month rate is out of line with all the other banks, it's higher than the other banks are offering. So it's hard to

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5:30

Kerre Woodham: Should there be some kind of fund for...

Best of Business ·

2023/08/01

Now this is another tricky one and we have talked about it before, and it's in the news again. I am all for personal responsibility in owning your own mistakes. Case in point is me overpaying my insurance premiums by thousands and thousands and thousands for about 10 years because I hadn't checked the fine print. Nobody to blame but me. Unfortunately, as much as I had tried to squirm and writhe in my own mind, ultimately me, I'm the one, it’s me. But when it comes to banking scams I tend to side

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10:21

Jon Duffy: Consumer NZ Chief Executive urges banks to...

Best of Business ·

2023/07/31

BNZ is under fire for refusing to reimburse scam victims who lost nearly half a million dollars in an elaborate scam. Consumer NZ is urging banks to raise their game and provide better protection to New Zealanders who fall victim to scams. Most big banks in the UK are signatories to a voluntary code where they typically refund scam victims for their losses. Consumer NZ would like to see a similar stance taken by the banks in New Zealand. Consumer NZ Chief Executive Jon Duffy joined Kerre Woodham to

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4:00

Keith McLaughlin: Centrix director on figures showing...

Best of Business ·

2023/07/31

We are seeing a climb in business credit defaults across the board. Latest data from Centrix shows company liquidations are up 36 percent year-on-year, while consumer arrears have fallen slightly with the number of people behind on repayments now 414,000. Delinquencies in mortgage arrears also fell slightly in June with the proportion of loans in arrears at 1.29 percent, down from 1.32 percent in may. Managing Director of Centrix Keith McLaughlin joined Mike Hosking to discuss. LISTEN ABOVE See

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2:14

Max Whitehead: CEO of Small Business Voice on data...

Best of Business ·

2023/07/31

Businesses are continuing to struggle under cost pressures. Latest Centrix data shows a climb in business credit defaults, with company liquidations up 36 percent year on year. CEO of Small Business Voice, Max Whitehead joined Kate Hawkesby to discuss the effects on owners. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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7:26

Scott Shellady: US markets analyst says the US won't...

Best of Business ·

2023/07/31

US economists are predicting the region will be able to get inflation under control while avoiding recession. The US Federal Reserve is no longer projecting a recession in the near term, and employment and the economy are holding strong. One Nashville-based markets analyst, Scott Shellady, still believes the region is at risk of entering a recession. "The consumer is starting to falter here in the country. We've got foreclosures spiking, auto loan delinquencies are also rising quickly, corporate

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4:18

Allan Bullot: GST expert is unsure whether removing...

Best of Business ·

2023/07/28

A GST expert says it is possible to remove the tax from fruit and veges, but whether it's good policy is another question. National's Nicola Willis claims it's part of Labour's election tax policy, that's been leaked to her. Labour won't confirm or deny it. Deloitte GST specialist Allan Bullot told Mike Hosking we can make rules to do just about anything, but it might not be the best use of resources. He says the tax working group looked at a number of studies, including from overseas, and found

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2:25

Oliver Hartwich: Economic expert says homeowners are...

Best of Business ·

2023/07/27

An economic expert says homeowners are disproportionately feeling the pain of the cost of living crisis. Latest figures from Stats NZ show the average household's cost of living increased 7.2%in the year to June. The official inflation rate for the period was six percent, but interest payments went up 28%. New Zealand Initiative Executive Director Oliver Hartwich told Mike Hosking there's been a difference in the cost rises on average between renters and homeowners. He says the interest rates

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3,595 results

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