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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

2:06

Mark Knoff-Thomas: Newmarket Business Association CEO...

Best of Business ·

2022/08/05

Brian Tamaki, as we know, is planning another protest tomorrow which starts in the Auckland Domain.Protests that start there generally have a tendency to spill over into Newmarket.This especially angers the local business association.Newmarket Business Association CEO Mark Knoff-Thomas joined Heather du Plessis-Allan.LISTEN ABOVESee omnystudio.com/listener for privacy information.

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1:58

Mike's Minute: Tax cuts can make some good economic...

Best of Business ·

2022/08/04

The critical part missed yesterday in the great National tax scandal debate is not whether tax cuts are inflationary; it's the right of people to hold onto their money.You can also add it was a storm in a tea cup, given it's not election year. Until it is, opposition parties shouldn't really be in the business of announcing policy because not all of us are engaged.So, here’s some simple economics on tax. If you cut tax is all that money spent? No. A lot of it is saved.If it's taxed and taken by the

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4:27

Rachel Madden: Freight union on report predicting...

Best of Business ·

2022/08/04

There are warnings our main export season could be hit by further supply chain disruptions.We all know the issues in recent months, but a new supply chain risk analytics report from Massey University says a perfect storm of factors could hit our summer season.It's due to China's recent lockdowns, which are only expected to happen more frequently during their winter, the war in Ukraine pumping up winter energy prices, sluggish shipping and staff issues.Custom Brokers and Freight Forwarders Federation

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3:05

Geoff Scowcroft: CFO at Briscoes on strong second...

Best of Business ·

2022/08/04

Despite significant cost of living increases impacting retail, Briscoes have posted a strong second quarter result.Sales for the second quarter rose 3.5 percent to almost $192 million with homeware and sporting goods the strongest performers.It's boosted their first half sales after a less than ideal first quarter, with first half sales up 2.7 percent to almost $370 million.Chief Financial Officer at Briscoes Geoff Scowcroft joined Mike Hosking.LISTEN ABOVESee omnystudio.com/listener for privacy

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2:24

David Kelly: Master Builders Assn says the consenting...

Best of Business ·

2022/08/04

Increasing competition in the building supplies sector won't necessarily result in cheaper homes.A new Commerce Commission draft report has found there isn't enough competition in the sector, and it's too difficult to get innovative products to market.Registered Master Builders Association chief executive David Kelly says we need to look more broadly.He told Mike Hosking regulatory barriers are getting in the way.Kelly says the consenting system is where a big part of the problem is and needs to be

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4:27

Ant Boyles: NZ Council of Cargo Owners on more...

Best of Business ·

2022/08/04

Another wave of supply chain disruptions is predicted this coming summer, just as exports are due to peak.Massey University’s mid-year risk outlook highlights a bunch of factors converging.Ant Boyles chairs the New Zealand Council of Cargo Owners and joined Tim Dower.LISTEN ABOVESee omnystudio.com/listener for privacy information.

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5:00

Julian Leys: Building Industry Federation says a...

Best of Business ·

2022/08/04

Regulatory changes may be needed to bring more competition to the building supplies sector.A Commerce Commission draft report into the building product sector has found competition in the market isn't working as well as it should be.The watchdog has found it's too difficult to get innovative products to market, and established players are blocking land use by their competitors.Building Industry Federation Chief Executive Julian Leys told Tim Dower a national products register with information about

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2:12

Tim Dower: Real construction issues come down to...

Best of Business ·

2022/08/04

Sighs of relief in some quarters after the Commerce Commission report on building supplies came out.ComCom says competition isn't working as well as it could in the sector and a lot of people in the industry said…er...tell us something we didn't know.ComCom also raised the issue of rebates; big volume buyers get a better discount, but is there anything too surprising about that?If you were a big buyer, you'd expect a better price too wouldn't you?There are some comments about restrictive land

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2:46

Kate Hawkesby: Price of food's getting so high, I...

Best of Business ·

2022/08/03

With the price of food the way it is, lest we forget we are in a ‘cost of living crisis’, I have become hyper-alert at the supermarket these days in terms of what I’m paying. And it seems I’m not the only one.Headlines these days say shoppers are fed up and looking to go elsewhere than a supermarket. It used to be, back in the good old days, that the supermarket was the best deal for food.You’d be mad to buy cereal or butter at the local dairy because it was smaller scale so sold at a premium, you

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2:47

Craig Renney: Union economist says more needs to be...

Best of Business ·

2022/08/03

The Council of Trade Unions says more needs to be done to protect low income workers.The latest wage figures show inflation has increased, but the union says pay isn't being matched.Meanwhile, despite forecasts, unemployment has slightly risen.Union economist Craig Renney joined Kate Hawkesby.LISTEN ABOVESee omnystudio.com/listener for privacy information.

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1:56

Mike's Minute: How can you not have a job when there...

Best of Business ·

2022/08/03

Does a rise in unemployment mean Adrian Orr had a good day?Did he say to himself the rate rises are working, this thing might not be as big a cluster as we had imagined.Or, did he look at those wage increases and freak out and think, ‘My god the cash rate can’t top out at 3.9’?Explain to me how there are more unemployed people, how did that happen?How can you not have a job when there are jobs all around you?How can there be more people without a job this morning when there are jobs galore in every

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4:28

Sean Wood: Tauranga carpenter on his struggles with...

Best of Business ·

2022/08/03

Questions have been asked as to how hard is Immigration NZ making it to get accredited employers work visas across the line.Sean Wood is a carpenter in Tauranga and recently has been travelling the world in search of skilled workers to come work for him.He got his accreditation to hire on May 31st and applied for the INZ job checks for a number of workers on June 20th.These job checks are supposed to take ten days max.But Immigration New Zealand keep coming back to Sean with questions they aren't

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2:53

Tim Grafton: Insurance Council CEO says new climate...

Best of Business ·

2022/08/03

Insurers say the Government's new strategy for adapting to climate change is a positive start.The new framework outlines priorities for the next six years, with some coastal homes likely to be abandoned due to sea level rise.However, it's still unclear who's likely to foot the bill for the transition.Insurance Council Chief Executive Tim Grafton told Mike Hosking the strategy has a lot of good intentions.But he says the real test will be who does it, when they'll do it, and who pays.LISTEN ABOVESee

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2:55

Sharon Zollner: Economist says increasing immigration...

Best of Business ·

2022/08/03

The reopening of international borders won't be enough to address the worker shortage and rising cost of living.Unemployment has reached 3.3 percent in the June quarter up only slightly from the record low 3.2 percent of the previous two quarters.Overall wages have risen 3.4 percent in the year to June, well below the inflation rate of 7.3 percent.ANZ Chief Economist Sharon Zollner told Mike Hosking while increasing immigration will increase the supply of workers, it will also add to demand

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3:06

Sue Tierney: Mortgage broker says changes to lending...

Best of Business ·

2022/08/02

A mortgage broker is dismissing changes to new lending rules as too little, too late.The Government is further tweaking consumer lending regulations, after earlier changes blocked some borrowers from getting loans.Three changes are planned, including narrowing the expenses lenders have to take into account.But mortgage broker Sue Tierney told Kate Hawkesby it's not good enough.She says they're ignoring the issue of "buy now, pay later" loans.Tierney says the whole idea of the Credit Contracts and

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1:41

Mike's Minute: Cost of living payment circus turning...

Best of Business ·

2022/08/02

The Ggovernment's cost of living sop, cock up, circus, or whatever you want to call it, now has the potential to turn into a real political crisis.Issue one; they knew those offshore would get the money. So, money was going to people that weren't in the country, which was one of the Government's key criteria.Issue two; their excuse was it was too hard to do it any other way.Issue three; it added to inflation. The very problem they were trying to address by handing out the money.Issue four; it was

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3:54

Eric Crampton: Economist on predictions of another...

Best of Business ·

2022/08/02

Today could see another historic milestone for the New Zealand economy.Unemployment is expected to fall from its current level of 3.2 percent, which is already the lowest since records began.ANZ is picking a figure as low as 2.8 percent.Eric Crampton, Chief Economist at the New Zealand Initiative, told Mike Hosking the economic situation is becoming more precarious.“In the current circumstances, it makes the Reserve Bank’s job harder.”LISTEN ABOVESee omnystudio.com/listener for privacy

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4:06

David Clark: Commerce and Consumer Affairs Minister...

Best of Business ·

2022/08/02

The Government admits it did not get its new lending rules right.There'll be further tweaks to consumer lending regulations, including narrowing the expenses considered to exclude discretionary spending.Double counting will also be reduced when it comes to credit contracts.Commerce and Consumer Affairs Minister David Clark told Mike Hosking if you don't get it right, it's important to fix it quickly.“If you’ve had thorough a review done, it pays to take the advice from it and make sure the law is

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3:27

Nick Leggett: Transporting NZ CEO on more than 70 pc...

Best of Business ·

2022/08/02

More than 70 percent of diesel drivers buying up large amounts of discounted fuel are thought to be rorting the system.Purchasers were only meant to buy the number of units they'd typically use over a three-month period.But spot checks by Waka Kotahi on large purchases reveals 73 percent are likely to be excessive.Transporting NZ CEO, Nick Leggett joined Heather du Plessis-Allan.LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:15

Andrew Hoggard: Federated Farmers president as survey...

Best of Business ·

2022/08/01

In January farmer confidence was at the lowest level recorded in biannual surveys that Federated Farmers has been running since 2009.Last month's survey found it had dropped even further.More than 1200 farmers from around New Zealand responded to the July survey, Feds said.A net 47.8 per cent of farmers considered current economic conditions to be bad, down 55.6 points from January, when a net 7.8 per cent considered conditions to be good."That's a huge drop in six months, Federated Farmers

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3,595 results

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