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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

2:52

Glyn Lewers: Queenstown Lakes mayor on new housing...

Best of Business ·

2022/10/17

A large development including more than 700 new homes near Queenstown will be fast tracked for consenting. The Te Putahi project at Lake Hayes has been approved under the Government's Covid-19 recovery act, one of three projects to be allowed to skip some of the usual RMA hoops you have to jump through. 748 houses will be built along with a park-and-ride public transport area and potentially a school. New Queenstown Lakes mayor Glyn Lewers joined Kate Hawkesby. LISTEN ABOVESee

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3:10

Mark Smith: ASB Economist says New Zealand is...

Best of Business ·

2022/10/17

Cost of living pressures are expected to ease, but will remain at a much higher level than usual. Statistics New Zealand’s poised to unveil the latest inflation figures later this morning. The highly anticipated Consumer Price Index is tipped to drop from the recent record high of 7.3 percent, to closer to 6.5. That’s according to ASB, whose Senior Economist Mark Smith says New Zealand’s probably past peak inflation levels. But he says the expected CPI dip won't stop the Reserve Bank from

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4:41

Reg Hennessy: Hospitality NZ BoP spokesperson on...

Best of Business ·

2022/10/17

More than 30 Rotorua bars and restaurants have closed their doors today to protest a lack of Government support. Hospitality NZ Bay of Plenty spokesperson, Reg Hennessy, says many are turning away business because they can't get the staff they need. But Prime Minister Jacinda Ardern says working holiday visas are a big source of hospitality and seasonal workers. She says we've had tens of thousands of working holiday visas issued in as little as 14 working days. Ardern says the issue is then when

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3:05

Sharon Zollner: Economist says inflation figures...

Best of Business ·

2022/10/17

New inflation figures due out this morning won't show the full picture of rising consumer prices. Stats NZ will release its latest quarterly CPI data shortly before 11am. It's expected to show inflation has eased off slightly, from its once-in-a-generation high of 7.3-percent in the year to June. ANZ Chief Economist Sharon Zollner told Mike Hosking that's mostly due to a fall in petrol prices, rather than a fall in the price of anything else. She says falling petrol prices are helpful, but the

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4:18

Sam Lind: Oritain Head of Strategic Sales on new...

Best of Business ·

2022/10/17

A Dunedin tech company has come up with a high tech proof-of-origin mark that can distinguish New Zealand made wines. It's a little more advanced than a standard 'made in New Zealand' label on a bottle, as it uses advance science to determine whether or not the wine was actually made in New Zealand. Tech company Oritain partnered with Pyramid Valley wines to bring forth this latest form of CSI for supply chain technology. Their Head of Strategic Sales, Sam Lind, joined us to talk us through this

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5:49

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

Best of Business ·

2022/10/17

Grant Robertson, deputy Prime Minister and Finance Minister is on a business delegation in New York. This trip was done to reinforce our nation's "New Zealand is open for business" theme, in a way that directly addresses offshore investors. He was able to meet with the IMF and US Federal Reserve chair Jerome Powell within this first week. He wasn't travelling alone, as a dozen CEOs, and some journalists went along too, one of which was NZME business commentator Fran O'Sullivan. LISTEN ABOVE See

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4:57

John MacDonald: Someone tell the Govt - truck driving...

Best of Business ·

2022/10/14

Going by the warnings out today from the trucking and transport sector, it may not be long before we get our local councils telling us that rubbish collections can’t happen as often as they do now and getting stuff transported around the country will be more difficult than it is already. Chris Carr, who runs the Carr and Haslem trucking company, has been flying drivers to the South Island every week because he can’t get enough drivers to cover all the routes. He’s been doing it for the past

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3:54

Chris Quin : Foodstuffs NZ Managing Director on...

Best of Business ·

2022/10/13

It’s no secret food prices are through the roof right now. Latest data from Stats NZ show overall prices rose 8.3 percent in the year to September. Fruit and vegetables were up a massive 16 percent. Foodstuffs NZ Managing Director Chris Quin joined Mike Hosking to discuss. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:38

David Coles: Mount Cook Alpine Salmon CEO on plans...

Best of Business ·

2022/10/13

Land-based salmon farming continues to sink its hook into the fish market. Mount Cook Alpine Salmon has revealed plans to launch New Zealand's first land-based salmon farm. The $16.7 million project will either be in the Mackenzie or Waitaki Districts. Chief executive, David Coles, says the consulting firm EY, which monitors the global industry, predicts land-based salmon farming could be an industry disruptor. He told Mike Hosking it's projected by 2040 more than 20 percent of global salmon

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3:39

Brad Olsen: Economist predicts two years of stunted...

Best of Business ·

2022/10/13

Predictions the country needs to go through two-years of stunted growth, to try to re-balance the economy. Infometrics' latest forecast shows inflation may cause problems through until the end of 2024. It's picking economic growth will slip below two percent in the second half of next year. Infometrics Principal Economist, Brad Olsen told Kate Hawkesby interest rates are expected to go even higher than what was thought just a few months ago. He says the housing market will continue it's downward

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3:40

Gareth Kiernan: Infometrics Chief Forecaster predicts...

Best of Business ·

2022/10/13

There is belief we have a big price to pay to get inflation under control, with two years of stunted growth needed to re-balance the economy. Infometrics' latest forecasts have the Official Cash Rate being increased to 4.5 percent early next year - a full percentage point more than what was expected three months ago. It also picks economic growth will slip below two-percent in the second half of 2023. Chief Forecaster, Gareth Kiernan told Mike Hosking even by early next year, the Reserve Bank isn't

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2:33

Chris Carr: Trucking boss warns industry is short...

Best of Business ·

2022/10/13

Heavy vehicle driver shortages are so dire that one trucking company is having to fly drivers down to the South Island every week to cover important routes. "We're just scraping through as a nation," said trucking boss Chris Carr, who was out driving goods himself because his company, Carr and Haslam, was so understaffed. His comments follow a letter being sent to Immigration Minister Michael Wood from industry heads warning waste collection and public transport services could be "pared back" if

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1:54

Mike's Minute: Is the Government finally waking up to...

Best of Business ·

2022/10/12

In general, the Government seem to have got the memo on immigration. Another loosening was announced by Michael Wood yesterday. But I say in general because as we have discovered, this lot are a mixture of incompetent and Machiavellian. So, we have the skilled visa category reopening, about time. The parents visa being adjusted is not as big a deal. And we have "consultation“. Watch that, because it normally spells trouble. But we have consultation on a new uncapped and simplified points system

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5:36

Kirk Hope: Business NZ CEO on first stage of RBNZ's...

Best of Business ·

2022/10/12

The Reserve Bank’s dual mandate has received a frosty reception, after it completed the first stage of public consultation on its monetary policy remit. Most submitters believed inflation should have a bigger focus over the maximum sustainable employment, or the objective should be removed altogether. Business NZ was one of the submitters and CEO Kirk Hope joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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2:53

Grant Webster: Tourism Holdings CEO on profit...

Best of Business ·

2022/10/12

A positive sign has come from one of our largest tourism companies. Tourism Holdings has significantly raised its full year profit guidance on the back of a stronger than expected tourism rebound. CEO Grant Webster joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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2:44

Paul Brislen: Telecommunications Forum CEO on Comm...

Best of Business ·

2022/10/12

The Commerce Commission is looking into how consumers can get a better deal on mobile and broadband. It's seeking feedback on proposals focused on making offers, costs, contracts and coverage more readily comparable between competing mobile companies. The consultation is part of the commission’s wider drive to improve retail service quality of the telecommunications sector. Telecommunications Forum CEO Paul Brislen told Mike Hosking improvements to telecommunications marketing will enable consumers

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2:33

Brad Olsen: Infometrics Principal Economist on our...

Best of Business ·

2022/10/12

Some encouraging tourism numbers are starting to come to light. 130,000 tourists arrived in August - Queenstown in particular is now at 80 percent of pre-pandemic levels. Infometrics Principal Economist, Brad Olsen, explained to us that these numbers are encouraging and that this growth gives the economy a necessary 'shot in the arm'. "This is a good early sign, it shows that people are willing to get out and about, at least globally." LISTEN ABOVESee omnystudio.com/listener for privacy

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3:47

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2022/10/12

What's going on inside the Reserve Bank? The company appears to have been hit hard by staff turnover. 22 percent of staff left in the previous financial year, the highest portion of staff since records began in the 1990's. NZ Herald Wellington business editor Jenee Tibshraeny explained why this staff turnover may be happening. The Reserve Bank is not immune to similar issues impacting companies in a post-Covid world, but these staffing changes go deeper than regular employees feeling free to change

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3:51

Mike Fuge: Contact Energy CEO says increase in...

Best of Business ·

2022/10/11

Contact Energy is putting the increase in customers' energy bills down to rising input costs across the board. Gas and electricity bills are expected to go up by an average of 11 percent from next month, with Genesis also doing the same. More than 200,000 Contact customers will be paying around eight percent more for their electricity bills. Chief Executive Mike Fuge told Mike Hosking the increase covers both lines charges and wholesale energy prices. He says the latter has gone up by 50 percent in

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3:07

Kate Hawkesby: Uber service is crap, it's time to...

Best of Business ·

2022/10/11

I’m pleased to see the 21 year old woman in Wellington who got shafted by Uber is finally calling the ride share out for the crap service it is. We’ve told our kids to cancel their Uber accounts. It’s just not tenable or safe anymore to catch them, because they never turn up. The most common thing they do is cancel on you. This woman in Wellington was trying to get home after a night out and was left in the dark on the side of the road because three Ubers in a row cancelled on her. She’s not

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