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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.

business business news

All Episodes

3:39

Jodie Burnard: Flight Centre GM of Marketing says...

Best of Business ·

2023/03/23

A wave of Gen Zs and Millennials are setting their sights on cruise ships for their holiday of choice. Flight Centre says bookings for 18 to 30 year olds have more than doubled in under a year. Flight Centre's General Manager of Marketing, Jodie Burnard, says the increasing cost of airfares is part of the reason. Jodie Burnard joined Kate Hawkesby. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:31

Liam Dann: NZ Herald business editor on Reserve Bank...

Best of Business ·

2023/03/23

Chief economist Paul Conway has issued a warning as the Reserve Bank works to curb inflation. Paul Conway says New Zealand is at risk of a deeper recession if businesses and workers try to counter the effects of inflation through higher wages and profit margins. NZ Herald business editor Liam Dann says if consumers keep spending, it'll get harder to keep inflation under control. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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2:58

Kelvin Davidson: Property expert on biggest housing...

Best of Business ·

2023/03/22

From RNZ The housing market has gone quiet, triggering the biggest sales slump in nearly 40 years. CoreLogic NZ’s new Housing Chart Pack indicated 60,859 properties were sold in the year to February, which was the lowest 12-month total since October 1983. There were about 4100 sales in February, which was the lowest number for that month since 1981, with 16 per cent more listings than the same time last year. CoreLogic NZ chief property economist Kelvin Davidson said the figures reflected recent

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3:11

Diego Traglia: Real estate agent says now is a good...

Best of Business ·

2023/03/22

There are currently favourable conditions for buyers in the housing market. CoreLogic figures show close to 61,000 properties were sold in the year to February 2023, the lowest 12 month total since 1983. Real estate agent Diego Traglia told Kate Hawkesby says he knows it's a cliché for him to say now is a good time to buy but prices are low. He says nobody was expecting an up to 25 percent drop in less than two years, and we're getting back to what prices used to be before Covid. LISTEN ABOVE See

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2:29

John Carnegie: Energy Resources Aotearoa says new...

Best of Business ·

2023/03/21

There's hope the Government will take note of a report warning a move from natural gas too early could be costly. A report by major energy and gas players says changing too quickly could cost households and businesses $7 billion. Chief executive of Energy Resources Aotearoa John Carnegie told Mike Hosking the independent report is about informing debate on the role of gas in a low carbon future. He says it will facilitate a more mature conversation on the issue. LISTEN ABOVE See

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3:29

Len Houwers: Major Gas Users' spokesperson says hasty...

Best of Business ·

2023/03/21

Warnings a hasty transition to renewable energy could be costly to New Zealand. Research commissioned by the energy sector, is recommending natural gas be part of the transition away from fossil fuels towards renewables. But it's found changing too quickly, could create $7 billion in additional energy costs for New Zealand homes and businesses. Major Gas Users' Group spokesperson Len Houwers says people and businesses need time to adjust and invest in their own gas transition. He says pushing people

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4:11

Lindsay Mitchell: Researcher says the Government...

Best of Business ·

2023/03/21

A welfare commenter claims the government shouldn't be taking credit for declining Jobseeker levels. Data from Social Development, comparing June 2020 to June 2022, shows almost 25,000 fewer people are relying on Jobseeker. But researcher Lindsay Mitchell says benefit levels spiked during the pandemic, and the numbers reflect a move away from COVID restrictions. She told Mike Hosking other benefit numbers aren't declining. Mitchell says there's growth in the sole parent support benefit, which she

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3:21

Murray Edridge: City Missioner says the cost of...

Best of Business ·

2023/03/21

Claims the cost of living continues to bite, even though more people are working. Ministry of Social Development data shows almost 25,000 fewer people are receiving the Jobseeker benefit, comparing June 2022 to June 2020. There were more than 100,000 exits into work in the year to June. But Wellington City Missioner Murray Edridge told Kate Hawkesby leaving Jobseeker doesn't equate to financial security. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:50

Chris Wilkie: Otis co founder on New Zealand getting...

Best of Business ·

2023/03/21

Oat milk production is set to return to New Zealand shores. New Zealand firm Free Flow Manufacturing is establishing the country's first plant-based milk facility and signed oat milk company Otis as its foundation customer. This will allow Otago-based Otis to return its oat milk manufacturing from Sweden to New Zealand. Otis co-founder Chris Wilkie says the company started out in Otago and despite the silver linings in moving to Sweden, they were adamant about moving production back to New

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3:10

Paul Bloxham: HSBC chief economist on New Zealand and...

Best of Business ·

2023/03/21

New Zealand and Australia's Reserve Banks may be pausing the OCR hikes following recent financial meltdowns. The collapse of Silicon Valley Bank and the near collapse of Credit Suisse has inspired these Reserve Banks to wait and watch before any future OCR hikes. HSBC chief economist Paul Bloxham says the events offshore will definitely slow any future OCR increases for the moment. Paul Bloxham says the tightening global financial conditions will likely bring down inflation, speeding up the end of

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6:18

Pattrick Smellie: BusinessDesk managing editor on the...

Best of Business ·

2023/03/21

More public embarrassment for polytech merger Te Pūkenga today after a budget bid was accidentally published online. The budget bid had no redactions, revealing that the organisation believes it needs another $420 million over the next four years, half of which will be spent on IT. BusinessDesk managing editor Pattrick Smellie says the costs of marrying up the various IT systems that exist in the country’s 16 polytechs add up to $285 million. Pattrick Smellie says this sounds like a huge amount to

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5:58

Andrew Kelleher: JMI Wealth Director says Credit...

Best of Business ·

2023/03/20

Concerns among Credit Suisse shareholders in the wake of its purchase by main rival UBS. The $3.2-billion purchase has been driven by regulators, but normally shareholders would have a say in whether a takeover happens. Credit Suisse's largest shareholder, Saudi National Bank, has lost more than US$1 billion from the purchase. JMI Wealth Director Andrew Kelleher told Mike Hosking it raises an important question of what might happen in similar situations. He says shareholders may start to think of

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2:44

Rohan McCloskey: GoGenerosity CEO on world's first...

Best of Business ·

2023/03/20

The world's first pay it forward Shopify app has just hit the market. The app connects with a business’ Shopify sites and at the point of checkout customers can make a donation that goes to the chosen charities. The app had been in the works since 2020 by the company GoGenerosity but has been launched three months earlier to help provide some relief to those impacted by the cyclones. So far more than $1800 worth of donations have been raised. GoGenerosity CEO Rohan McCloskey joined Mike

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5:36

Catherine Field: Europe correspondent says it's a...

Best of Business ·

2023/03/20

A nervous day for European share markets ahead of the first day of trading since the purchase of Credit Suisse. Markets started the day sharply lower, but have recovered slightly, with the London Stock Exchange closing on around 0.9 percent. In Switzerland, Credit Suisse's new owner UBS also closed on 1.5 percent higher. Europe correspondent Catherine Field told Mike Hosking the central banks are adamant it's not a repeat of 2008. She says the banks are saying it might look bad, and it's not good

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3:33

Greg Harford: Retail NZ CEO says they want Police to...

Best of Business ·

2023/03/20

The retail sector is hoping to sit down with the new Police Minister soon. Ginny Andersen is replacing Stuart Nash in the role, having only been sworn in as a Cabinet minister earlier this year. She is a low-ranking member of Cabinet, but has 10 years of experience working with Police. Retail NZ Chief Executive Greg Harford told Kate Hawkesby they want Police to have more resources and tools to deal with retail crime. He says fundamentally we need a big social change campaign across the whole of

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4:46

Fran O'Sullivan: NZME business commentator on Foreign...

Best of Business ·

2023/03/20

Foreign Minister Nanaia Mahuta will travel to China on Tuesday for two days. This will be China's first visit from a Cabinet minister since 2019, and Nanaia Mahuta will be meeting new Chinese foreign minister Qin Gang. Nanaia Mahuta's trip comes as China’s President Xi Jinping travels to Moscow to support Russian President Vladimir Putin. NZME business commentator Fran O'Sullivan says the timing of this trip is a coincidence, as the Government has been looking to arrange a meeting between Foreign

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5:25

Carrie Hurihanganui: Auckland Airport chief executive...

Best of Business ·

2023/03/19

Auckland's domestic airport is facing their biggest redevelopment since the terminal opened 57 years ago. Plans have been signed off to merge the domestic and international terminals and have them sit under one roof. The new airport will include 12 new domestic gates and a shorter - and covered - walk between terminals. Auckland Airport’s chief executive Carrie Hurihanganui says the existing terminal isn't fit for future purpose. "We are focused on ensuring that we do have a resilient terminal going

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10:57

Liam Dann: NZ Herald Business Editor says if the next...

Best of Business ·

2023/03/15

The economy has contracted slightly more than predicted by economists and the banks. Latest GDP figures from Stats NZ show a 0.6 percent decline in the three months to December and compares to a two percent increase in the three months to September. Herald Business Editor Liam Dann told Francesca Rudkin if the next quarter is also negative, we could already be in a technical recession. He says economists often say the "on the street definition" of a recession is people losing jobs, but most people's

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7:56

Dr Bryce Wilkinson: NZ Initiative senior fellow on...

Best of Business ·

2023/03/15

There is a feeling around the country that our monetary policy is a mess. And a new report by the NZ Initiative is putting all the blame on the Government. The report highlights the Government’s role in distracting the RBNZ from maintaining price stability, with money remaining too loose for too long as a result of wrong inflation forecasts from banks. Along with the Governments prioritisations of achieving low employment over the risk of inflation breaking out. Senior fellow at the NZ Initiative

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2:16

Aarnaud Daurat: Exxovantage founder on their wearable...

Best of Business ·

2023/03/15

A Kiwi company is using exoskeleton technology to help businesses keep workers safer from workplace injuries. The wearable exosuit has built in sensors that support muscles by tracking body movements. AI technology then provides real-time data which highlights health risks due to impact of repeated movements or posture, while even flagging dehydration. The robotic technology has been proven to reduce downtime due to injury by 25 percent, injury-causing bends by 75 percent, and sprains and strains by

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3,595 results

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