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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

2:00

Tim Lightbourne: Invivo founder on their chartered...

Best of Business ·

2023/01/30

How does a glass of wine with a side of altitude sound? Kiwi wine company Invivo are offering a chartered wine flight from Auckland to Queenstown. While in the air, guests will enjoy a tasting onboard before the decent into Queenstown where they will go on a vineyard tour, setting passengers back $1,149 per person. Invivo founder Tim Lightbourne joined Mike Hosking. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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2:11

Carl Taylor: Combined Building Supplies co-op chair...

Best of Business ·

2023/01/30

Just as building supply demand was heading back towards normal, more than 9000 insurance claims have now been made following the Auckland flooding, a large proportion of which will be for building repairs. The building sector is already stretched and there are concerns as to whether we have capacity to handle more. Chairperson of the Combined Building Supplies co-op Carl Taylor joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:21

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

Best of Business ·

2023/01/30

Auckland was lashed with heavy rain and subsequent floods last Friday and is forecast to receive further heavy rain in the coming days. The extreme weather has resulted in hundreds of thousands of dollars worth of property and inventory being destroyed, and many Auckland businesses will be closing their doors until further notice. NZME business commentator Fran O'Sullivan says that no one expected a disaster like this to hit Auckland and the region will benefit from extra Government support and

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3:46

James Higham: Otago University tourism expert says...

Best of Business ·

2023/01/26

Controversial plans to build a new airport in Central Otago is coming under further scrutiny. Eleven academics have penned an open latter against Christchurch Airport's plans to build an international airport on 750 hectares in Tarras. They've joined the growing opposition from local residents. Otago University tourism expert James Higham who brought the academics together told Tim Dower the airport would also completely change the face of Central Otago. He says it also contradicts all sorts of

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3:35

Edward Millar: First Union policy analyst says now is...

Best of Business ·

2023/01/26

Divided opinion, over whether the Government should be increasing the minimum wage. The number of people seeking help for financial hardship has been surging, as inflation remains at historic highs. First Union's Edward Millar told Tim Dower now is the time to raise the minimum wage up to the level of the living wage. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:30

David Seymour: Act Leader says those on the minimum...

Best of Business ·

2023/01/26

Divided opinion, over whether the Government should be increasing the minimum wage. The number of people seeking help for financial hardship has been surging, as inflation remains at historic highs. First Union's Edward Millar told Tim Dower now is the time to raise the minimum wage up to the level of the living wage. However, National says increasing the minimum wage would add to inflationary pressure. And Act Leader David Seymour told Tim Dower those on the minimum wage often aren't those most in

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4:50

Brett O'Reilly: Employers and Manufacturers Assn says...

Best of Business ·

2023/01/26

A warning that increasing the minimum wage could make inflation even worse. The number of people seeking help because of financial hardship is on the rise, as inflation continues to remain at historically high levels. But National says any increase to the minimum wage is the wrong move right now, as it will increase inflationary pressure. Employers and Manufacturers Association Chief Executive Brett O'Reilly told Roman Travers he agrees, because a minimum wage rise pushes up incomes across the

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5:45

Antonia Watson: ANZ chief says new Prime Minister...

Best of Business ·

2023/01/26

High praise for our new Prime Minister from the head of largest our bank. Chris Hipkins has been meeting with business leaders in Auckland, on his first full day on the job. The leaders have outlined their concerns about economic uncertainty, worker shortages, and controversial Government projects. ANZ Chief Executive Antonia Watson told Tim Dower there was a detailed discussion about immigration - including how the countries we're competing with have clearer residence pathways. She says they also

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2:44

Jamie Mackay: host of The Country on what the food...

Best of Business ·

2023/01/26

New Zealand's food and fibre sectors hope to find out what they can expect from new Prime Minister Chris Hipkins. Leaders from those sectors are unaware about what the new PM can offer them, with Federated Farmers president Andrew Hoggard saying that Hipkins wasn't part of the ministerial team meeting with them. The Country's Jamie Mackay says that farmers have a lot of pressing issues Chris Hipkins needs to clear up with them, such as the labour shortage and He Waka Eke Noa. LISTEN ABOVE See

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5:11

Liam Dann: NZ Herald business editor on Prime...

Best of Business ·

2023/01/26

Auckland Business Chamber CEO Simon Bridges is confident Prime Minister Chris Hipkins will make positive changes to our business sector. The two of them met in Auckland after Bridges organised a roundtable meeting with business leaders across the region. NZ Herald business editor Liam Dann is less confident about what Chris Hipkins can do for the economy. Liam Dann says Chris Hipkins could make changes to immigration standards, but the tide is turning for unemployment figures. LISTEN ABOVESee

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5:19

Barry Soper: senior political correspondent on Prime...

Best of Business ·

2023/01/26

Prime Minister Chris Hipkins began his first full day on the job by meeting with members of the Auckland business community. Hipkins attended a gathering in Auckland Central, where he spoke to a set of business leaders to address their current concerns. Barry Soper, ZB's senior political correspondent says that business owners were primarily concerned with the labour shortage, with restaurants and hospitality suffering the most. Barry Soper also suggests that the Prime Ministers' statements from

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2:48

Claire Roper: Ōtaki Market organiser on encouraging...

Best of Business ·

2023/01/25

Now, here's an idea to encourage a bit of entrepreneurial spark among young New Zealanders. Ōtaki Market is looking to encourage children to set up their own stalls. Second hand toys, personalized t-shirts, bookmarks and whatever else they can come up with. Market organiser Claire Roper joined Tim Dower. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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5:36

Andrew Morrison: Beef and Lamb NZ Chair on their...

Best of Business ·

2023/01/25

New Zealand's red meat industry has released a policy change wish-list with the goal to tackle labour shortages and grow export revenues. They have gone to every Member of Parliament, and various others. Beef and Lamb NZ Chair Andrew Morrison joined Tim Dower. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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7:50

Grant Robertson: Finance Minister says he believes...

Best of Business ·

2023/01/25

Finance Minister Grant Robertson believes inflation is now past its peak. Stats NZ figures show consumer prices have risen 7.2 percent in the year to December, the same increase recorded in the year to September. The price of housing, household utilities and food are driving the historically high inflation rate. But Robertson told Tim Dower with prices increasing 1.4 percent in the December quarter, compared to 2.2 percent in the previous quarter, things are trending in the right direction. LISTEN

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4:16

Michael Franks: Seeka CEO says kiwifruit growers...

Best of Business ·

2023/01/25

Some are suggesting kiwifruit growers being hard done by. Zespri has pulled pin on its February payment to growers due to higher costs from last season. Chief grower Carol Ward says it's down to fruit quality. But Seeka says growers shouldn't be taking the brunt of it. CEO Michael Franks joined Early Edition. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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4:23

Brigit Corson: Foodstuffs North Island says growers...

Best of Business ·

2023/01/25

It's going to get a little bit cheaper to put fruit and vegetables on the table. The price of fruit and vegetables rose 23 percent last year, one of the main contributors to the 7.2 percent rise in overall consumer prices. Growers expect seasonal produce prices to start dropping, as supplies pick up in the coming weeks. Foodstuffs North Island’s Brigit Corson told Tim Dower how much you save at the checkout will depend on what you put in your trolley. She says lettuces and salad ingredients are good

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3:37

Simon Bridges: Auckland Business Chamber boss on his...

Best of Business ·

2023/01/25

New Prime Minister Chris Hipkins heads to Auckland today to woo business leaders after spending his first full day in the top job responding to the cost of living crisis. Hipkins is due to attend a roundtable event hosted by the Auckland Business Chamber. “I’ll be there to ask questions of them and to listen to them, in order to accelerate the important relationship that’s needed between business and government, in order to benefit all New Zealanders and to continue to grow our economy,” Hipkins

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4:28

John Murphy: Vegetables NZ Chair says growers are...

Best of Business ·

2023/01/25

It could soon be a little big cheaper to fill up the fruit bowl and vegetable drawer. Latest figures show fruit and vegetable prices are 23 percent higher than they were a year ago, contributing to a 7.2 percent rise in overall consumer prices. But growers are optimistic seasonal fruit and vegetable prices could drop, and supply could increase, in the coming weeks. Vegetables New Zealand Chair John Murphy says price of some products may fall faster than the price of others. LISTEN ABOVE See

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2:59

Katlyn Parker: Milford Asset Management Portfolio...

Best of Business ·

2023/01/25

Today's CPI update shows inflation holding steady at 7.2 percent, undercutting earlier predictions. The markets have noticed that the figures were lower than predicted, leading to interest rates moving lower following the announcement. Milford Asset Management's Katlyn Parker says that at the end of the day, inflation is still running too high and if the CPI figures stay elevated for a long enough time frame, price increases will still be an issue. LISTEN ABOVESee omnystudio.com/listener for privacy

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4:36

Paul Bloxham: HSBC Chief Economist on whether the OCR...

Best of Business ·

2023/01/24

The Reserve Bank is set to make their next OCR announcement in a month, and predictions say it'll make a 75 basis point hike. This will take the OCR to 5 percent, but economists are wondering if that will be the ceiling for rate hikes. HSBC Chief Economist Paul Bloxham speculates that this upcoming rate hike may be the last one we're faced with for a while because the economy is already starting to slow down. "The economy's already weakening, the housing market's already weakening substantially,

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