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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

3:47

Nick Hogendijk: Australian retail consultant on woman...

Best of Business ·

2022/11/03

A Kiwi woman has discovered it's cheaper to do her food shop via an Australian supermarket online and get it shipped over, rather than doing the food shop here. She paid $100 for the groceries in Australia, and $140 dollars for the comparative shop here. She got shipping waived, but if she hadn't, it was only $15 dollars. With us now is Australian retail consultant Nick Hogendijk, who has been following our Commerce Commission study into the supermarkets, joined Heather du Plessis-Allan. LISTEN

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1:46

Mike's Minute: Govt's anti-immigration stance will...

Best of Business ·

2022/11/02

Part two of Laurel and Hardy of the New Zealand economy. This time it's Grant Robertson and the Government's immigration policy. The wage numbers were the worst thing that could possibly have happened. They increased at a rate not seen since records began. It's not the sort of record you want to break. Wages are going up at the rate they are because there are no people left to hire. As long as this continues, the Reserve Bank will keep putting interest rates up, we will be in a longer and longer

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3:17

Roger Beaumont: Bankers' Association CEO calls on...

Best of Business ·

2022/11/02

Banks are calling on their customers to reach out if they're feeling financial stress. The Reserve Bank has predicted lending rates and household debt will continue to rise, while house price will trend downwards. Bankers' Association CEO Roger Beaumont says the levels of help will depend on income, size of mortgage and household expenses. But he told Kate Hawkesby early intervention is the best option. Beaumont says the sooner people reach out, the easier it is for the banks to help. LISTEN

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9:13

Grant Robertson: Finance Minister defends dipping...

Best of Business ·

2022/11/02

The Government's defending dipping into the Covid response fund to financially support Three Waters reforms. It diverted more than $70 million from the pandemic Response and Recovery Fund towards Three Waters reforms including consulting and helping councils adapt. National party Finance spokesperson Nicola Willis is labelling the Government sneaky and dishonest and says the fund should've only been used to support Covid efforts. But Finance Minister Grant Robertson told Mike Hosking water reforms

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2:59

Lynda Keene: Tourism Export Council CEO says just...

Best of Business ·

2022/11/02

Calls for urgent financial support for the struggling tourism sector. The Government has drawn criticism for their lack of action towards a $54 million innovation fund to help with post-Covid recovery. The scheme was announced in May's Budget, but none of the fund has been spent because the eligibility criteria is still yet to be written. Tourism Export Council chief executive Lynda Keene told Mike Hosking there are plans in place, but it's six months too late. She says just because the border is

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3:18

Steve Jurkovich: Kiwibank CEO says the housing market...

Best of Business ·

2022/11/02

Tough times ahead for mortgage holders but they won't have to go it alone. The Reserve Bank has issued a warning about negative equity where people owe more than the value of their house. Kiwibank has around 30 to 40 customers a week asking to make changes to their mortgages, CEO Steve Jurkovich says that's not a huge proportion of their customers overall. He told Mike Hosking the housing market has been through a radical shift. Jurkovich says it went from 35 percent growth to a 15 percent

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2:28

Gary Rohloff: LayBuy managing director welcomes...

Best of Business ·

2022/11/02

A warm welcome for regulation of the buy now, pay later sector. The Government has announced compulsory affordability checks for loans more than $600, to ensure the borrower doesn't end up in a debt trap. Providers will also need to have hardship processes in place, especially as the Christmas season looms near. LayBuy managing director Gary Rohloff told Mike Hosking as long as the regulation is appropriate for their utility of the product, it's spot on. He says it ensures those bad actors are

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3:22

Nicola Willis: National Finance spokesperson on $70...

Best of Business ·

2022/11/02

The Government's being slammed as dishonest after redirecting $70 million of the pandemic response fund, to Three Waters reforms. Official documents show the cash was diverted to Three Waters in April, despite Grant Robertson promising to only use the fund for the government's Covid response. National party Finance spokesperson Nicola Willis told Mike Hosking the Government hasn't been truthful. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:10

Eve Lawrence: Haka Tourism GM on lack of clarity and...

Best of Business ·

2022/11/02

Anger from the tourism industry over the lack of action and clarity from the Government. Back in May, the Government announced a $54 million recovery fund for the struggling sector as part of the Budget. The scheme was pitched as a grant to fund innovative and sustainable tourism operations, but nothing has been paid out. Haka Tourism general manager Eve Lawrence told Kate Hawkesby all they want from the Government is action. She says the fund, its criteria and its definition of innovation needs to

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4:09

Mark Gorrie: Norton Managing Director warns Kiwis to...

Best of Business ·

2022/11/02

With Christmas right around the corner, we're being warned to be vigilant with online scams. A worldwide study by cyber security brand Norton shows almost a quarter of New Zealanders take more risks when online shopping during the holiday season. The study says inflation's somewhat to blame, as scammers are luring people in with promises of deals too good to be true. Norton Managing Director Mark Gorrie told Kate Hawkesby it's been the perfect season for scammers. He says an increase in online

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3:31

Gavin Downie: Production and Stage Manager says the...

Best of Business ·

2022/11/01

The music industry is crying out for gig crew as concerts and festivals are set to be bigger than ever this summer. Industry experts say they're facing a staffing crisis with a serious lack of set-up and pack-down staff for all shows, ranging from small gigs to huge concerts. Production and Stage Manager Gavin Downie has been in the industry for 20 years and told Mike Hosking it's never been more stressful. He says once the pandemic hit, people used their industry skills for other jobs and haven't

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3:42

Cameron Heath: Unilever NZ director on four-day...

Best of Business ·

2022/11/01

Confidence that the four-day working week is just as beneficial for businesses as it is for their workers. Unilever New Zealand has run a voluntary trial for 18 months, with encouraging results. The trial saw stress drop by 33 percent, feelings of strength and vigour at work increase by 15 percent and work/life conflict fall by 67 percent. Managing director Cameron Heath told Mike Hosking the four-day week gives them a bit of skin in the game with their productivity. He says it creates more value

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2:45

Craig Renney: CTU economist says National's proposed...

Best of Business ·

2022/11/01

The Council of Trade Unions says National's proposed tax plan would give peanuts to the working and middle classes. It's crunched the numbers based on IRD and National Party data. The council says the cut will cost 11 billion dollars over three years, and will mostly benefit top income earners and property investors. CTU economist Craig Renney told Kate Hawkesby says there are better ways to spend that money. He says that could be spent on health, education or protecting the poorest

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3:58

Tony Alexander: Economist says inflation will take...

Best of Business ·

2022/11/01

A stark warning that inflation will continue to spark unemployment and wage growth problems for a long time to come. Economists are predicting our unemployment rate to come in as low as 3.1 percent today. But economists are also predicting wage growth to increase, which will put pressure on the Reserve Bank to drop interest rates. Economist Tony Alexander told Mike Hosking we're going to be in a situation where inflation will take some time to come down. He says we're not going to see interest rates

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3:38

Mark Chittick: Horse breeder on Starship rejecting...

Best of Business ·

2022/11/01

Shock from a horse breeder after Starship Children's Hospital's rejected a donation of more than half a million dollars. After a high-profile race win, Mark Chittick attempted to donate $570,000 dollars to the hospital. The Starship Foundation says while Starship is grateful for contributions, it's unable to accept all donations due to existing partnership obligations. But Mark Chittick told Mike Hosking the donation could've made a huge difference. He'd have thought the children's hospital would've

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3:38

Guy Pope-Mayell: Cookie Time Managing Director thanks...

Best of Business ·

2022/11/01

Cookie Time is thanking the 'Costco effect' for a massive jump in sales. The Christchurch-based company is praising the works of the Auckland superstore, saying it's boosted sales by more than a million since opening in September. The cookie manufacturer says due to the recent success, it's now set to supply its cookies for other Costco stores internationally. Cookie Time Managing Director Guy Pope-Mayell told Kate Hawkesby the success comes as a sweet surprise. He says Cookie Time is producing one

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2:01

Mike's Minute: If you want to travel, be prepared to...

Best of Business ·

2022/10/31

Which bit are we surprised about? Air New Zealand tells people to book early because fares are going up. Headlines scream how unhappy we are because fares are going up. Be as unhappy as you want, things ain't changing. We have a bit of experience around airfares at the moment. We have a family member looking to get home from Europe. The ability to get a seat, far less wince at the price, has been a problem for weeks. We have another family member looking to get a partner here for Christmas. Unless

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7:06

Greg Foran: Air NZ CEO says high air fares are not...

Best of Business ·

2022/10/31

Air fares are expected to remain high for a number of months, as Air New Zealand says there aren't enough seats to meet demand. Consumers are complaining of sky high prices as demand for both domestic and international travel rises with the approaching holiday season. Domestic capacity in New Zealand's close to a hundred percent, with international flight capacity at 65 percent. That's expected to rise with more planes coming back in circulation. Airline CEO Greg Foran told Mike Hosking it's not a

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3:21

Keith McLaughlin: Centrix Managing Director on the...

Best of Business ·

2022/10/31

More signs of the cost of living crisis are beginning to show. People are taking out more personal loans to maintain their household budgets rather than splashing on luxury items. The number of people missing mortgage payments has also tipped over one percent. Centrix Managing Director Keith McLaughlin told Mike Hosking there has also been more hospitality and construction businesses defaulting. He says the construction industry is dealing with supply and increased cost issues. LISTEN ABOVESee

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3:39

Aaron Martin: immigration lawyer on Government's new...

Best of Business ·

2022/10/31

If it's not broken, don't fix it: that's the message an immigration lawyer has for the Government after only one person's applied for the Government's new investor visa. The initiative was set up to bring high-value businesspeople to Aotearoa to increase economic gain and opened in September. When the policy was launched, Immigration Minister Michael Wood said the visa category would help attract investors that will remain in New Zealand for a long time. But Immigration lawyer Aaron Martin says the

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3,595 results

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