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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.

business business news

All Episodes

2:24

Gerard van Tilborg: North Harbour Rugby chairman as...

Best of Business ·

2022/09/06

The first of New Zealand Rugby’s Silver Lake money is about to be dished out. Yesterday applications opened for clubs all around the country to get a slice of $7.5 million. It will see more than 450 clubs get between $10-40,000, with an expected focus on upgrading club facilities to make them community hubs again. North Harbour Rugby chairman Gerard van Ttilborg joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:03

Robyn Walker: Deloitte partner calls for review to...

Best of Business ·

2022/09/06

Calls for the Government to review tax brackets amid rising inflation. New Zealand’s marginal tax rate system means higher rates of tax are applied as someone earns more income. Stats NZ data shows median weekly earnings increased 8.8 percent in the year to the June quarter, the biggest jump since records began. Deloitte partner Robyn Walker told Mike Hosking it needs some tweaking at the lower end of the scale. “When you get to $48,000 you suddenly go from a 17.5 percent tax rate, up 71 percent to

en-US

3:23

Tina Smith: Tertiary Education Union president says...

Best of Business ·

2022/09/05

Potential job losses at AUT are being seen as a tragedy for staff and students. Up to 230 staff could be cut. A drop in student numbers and growing economic pressures are being cited as the reason for the proposed restructure. The Tertiary Education Union says there seems to be too much focus on business outcomes rather than academic ones. President Tina Smith told Kate Hawkesby this isn't the right time to be doing it. She says with our skill shortage at the moment we need educated people. LISTEN

en-US

3:52

Chris Whelan: Universities NZ Director on AUT's job...

Best of Business ·

2022/09/05

Tough times for universities are forcing them to look at their balance sheet. Around 230 staff face redundancy at AUT, despite the university having a $12 million surplus last year. Universities New Zealand Executive Director Chris Whelan says inflation has hit the sector hard. He told Mike Hosking the lack of international students is also causing dramas. Whelan says it will take a while to return to pre-pandemic numbers, if we return there at all. LISTEN ABOVESee omnystudio.com/listener for

en-US

4:42

Andrew King: Property Investors’ Federation on banks...

Best of Business ·

2022/09/05

Banks are apparently starting to come down on property investors when it comes to their levels of debt. Rising interest rates and rents not increasing at the same pace has banks taking the hard line, which could involve getting investors to sell a property or being told to pay down debt when they voluntarily sell rather than pocketing the profits. Property Investors’ Federation president Andrew King joined Mike Hosking to discuss. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:19

Claire Matthews: University researcher on fears the...

Best of Business ·

2022/09/05

Fears for the impact inflation could have on those saving for retirement. Massey University research shows the savings needed for retirees to fund a basic household living, with few luxuries, sits at $191,000 dollars in the city, and $77,000 in the provinces. A more comfortable living standard in the city requires $755,000 dollars, while a provincial household needs $480,000. It shows many Kiwis in retirement will also need to supplement their super. Author, Associate Professor Claire Matthews says

en-US

2:03

Mike's Minute: Sir Ray Avery is part of a growing trend

Best of Business ·

2022/09/01

I feel bad that Sir Ray Avery is leaving New Zealand. He is far from the only one; the stats tell you the embarrassing story which is that we currently have more people leaving than arriving. You wonder when that will actually stop, when do more people arrive and who are those people? Most of the people leaving right now are the younger ones and we can only hope that some of those will be back. Ray is leaving for the predictable reasons - he's over this place and sees more hope in Australia. I met

en-US

4:05

Amanda Harcourt: Supreme Winner Kea Awards says she...

Best of Business ·

2022/09/01

Very proud, but some serious imposter syndrome at play for Miranda Harcourt. She's been named Supreme Winner at last night's Kea Awards in Auckland. They recognise those who have demonstrated unique power of Kiwi connection and used it to benefit Aotearoa. The actor, director and performance coach told Mike Hosking she was in awe of the other winners. Harcourt told Mike Hosking as the evening progressed, she was so overwhelmed and impressed by the global impact of all the amazing Kiwis in the

en-US

4:08

Brad Olsen: Infometrics Economist says our income to...

Best of Business ·

2022/09/01

A kiwi in the coal mine. That's what the Financial Times is calling New Zealand's housing market in a video that warns other countries to take heed of our market's fast rises and quick falls. Infometrics Principal Economist, Brad Olsen, says our income to housing affordability ratio is far worse than other countries. He told Mike Hosking while our housing market might provide an indication as to how interest rates cause house prices to move, we're different. Olsen says the way our taxes are

en-US

2:13

Chris Alderson: Construction Health and Safety...

Best of Business ·

2022/09/01

Organisations representing the construction sector are standing together to address the industry's health and safety crisis. They want a renewed focus, as WorkSafe reveals at least two workers have died in construction every month since the start of last year. A further one person is seriously injured every day. Construction Health and Safety Council Chief Executive Chris Alderson says told Mike Hosking they're not seeing improvements. He says compared to other developed countries, our construction

en-US

2:46

Lynda Keene: Tourism Export Council CEO says 20% of...

Best of Business ·

2022/09/01

Fears confusion with our Covid restrictions could be turning off international tourists. The Tourism Export Council says around 20 percent of US travellers planning to visit are now looking elsewhere for their summer stay. As a result, the local tourism sector could lose millions, with Australia picking up the cancellations. Council Chief Executive Lynda Keene told Mike Hosking many cite the traffic light system, testing upon arrival, and complex traveller declaration forms as the main issues. She

en-US

1:51

Mike's Minute: Spectacular U-turn shows an out of...

Best of Business ·

2022/08/31

As far as U-turns go, this is a spectacular one. On Tuesday, the Government announce GST on KiwiSaver fees, Wednesday afternoon they're gone, so less than 24 hours. They were gone before they even arrived. What it tells us, apart from the fact it's good news and we can take that money and actually save it, as opposed to giving it to the Government, is that the Labour Party has literally no idea what ordinary every day New Zealanders think. And that’s mainly because virtually none of them are

en-US

4:14

Christopher Luxon: National leader says Kiwisaver is...

Best of Business ·

2022/08/31

Chris Luxon says KiwiSaver is about making sure people are set up for their retirement and we shouldn't be messing around with it. The Government has u-turned on plans to impose GST on KiwiSaver fees, less than 24 hours after the proposal emerged. He told Mike Hosking he's seen the power of having a good KiwiSaver-type operation in other countries, giving them a good backbone for investing in the likes of infrastructure. Luxon says it's exciting we're making progress with KiwiSaver and building

en-US

4:27

Jarrod Haar: Human resources expert suggests teens...

Best of Business ·

2022/08/31

A suggestion has come that having 13 to 15 year olds help address staff shortages is actually a good idea. The Australian Retailers Association is floating the idea to address staff shortages in retail and hospitality. New Zealand's in a similar situation, with no employment age limit here. AUT human resources expert Jarrod Haar told Mike Hosking there are lots of good things that teens can learn from it. He says teens would be taught a work ethic, alongside earning money and paying taxes. LISTEN

en-US

3:32

Keith McLaughlin: Centrix director on data showing an...

Best of Business ·

2022/08/31

A rise in the number of people not clearing their debts. The latest data from Centrix shows consumer arrears increasing 13 percent year-on-year in July, while vehicle arrears rose for the fourth consecutive month. Centrix Managing Director Keith McLaughlin told Mike Hosking it's a trend they were expecting. He says they expected the discretionary arrears to rise first, and then go into secured lending. McLaughlin says they're now watching the home lending to see what's going to happen there. LISTEN

en-US

2:22

Lucy Elwood: Cancer Society CEO says widespread...

Best of Business ·

2022/08/31

No sympathy for big corporates opposing a Government bill limiting the number of tobacco retailers. Foodstuffs and Z Energy are lobbying against the proposal, which could see a 95 per cent reduction of around 8,000 retailers. But Cancer Society New Zealand says maintaining thousands of tobacco retailers will hinder the country's Smokefree 2025 aim. Chief Executive Lucy Elwood told Mike Hosking widespread availability has normalised the most harmful consumer product in history. She says there

en-US

2:56

John Berry: Kiwisaver provider Pathfinder's CEO says...

Best of Business ·

2022/08/30

An attempt to tidy up the GST charged on different investment products. The Government is planning to impose GST on Kiwisaver fees, which will give it an extra $225 million a year. Kiwisaver provider Pathfinder's Chief Executive John Berry told Kate Hawkesby unfortunately for investors, the tidy up is quite brutal. Modelling suggests it will raise fees and mean $103 billion fewer saved in accounts by 2070. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

1:54

Mike's Minute: This Government is simply dishonest...

Best of Business ·

2022/08/30

Once again, I find myself a bit confounded by a government that seems, at heart, basically dishonest. Can they argue the GST treatment on KiwiSaver fees is not a new tax, given they said there would be no new taxes? Yes they can, because GST is not a new tax. But are you paying more tax because of the Government's move on KiwiSaver fees? Yes you are. So has the tax take gone up because you are paying more tax? Yes it has. And so we dance, I guess, on the head of a pin. We all know what this is -

en-US

2:44

Rupert Carlyon: Koura Wealth MD says there is no real...

Best of Business ·

2022/08/30

The Government's plan to impose GST on KiwiSaver fees is being labelled by some as a tax grab. The move, which would kick in from April 2026, will give the Government an extra $225 million a year. Modelling suggests it will raise fees and mean $103 billion fewer saved in accounts by 2070. KiwiSaver provider Koura Wealth Managing Director Rupert Carlyon told Mike Hosking there's no need to do this. He says there's no real reason to do this, but for some reason they've decided this is any easy way to

en-US

2:36

Jade Gray: Off-Piste Provisions founder on deal to...

Best of Business ·

2022/08/29

A Kiwi company has struck a deal with researchers in Singapore to create alternative meat from fermented bio-waste. Off-Piste Provisions is also raising $15 million with which to build an export-grade fermentation plant once the R&D side of the process is ironed out. Company founder is who joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3,595 results

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