The SME Stream

The energy sector's hopeful that Government reforms will be bold,  and address their concerns. Energy Minister Simon Watts is expected to announce reforms today, which will focus on issues the market hasn't been able to solve itself.  Major Electricity Users' Group Executive Director, Karen Boyes, says told Ryan Bridge Liquefied Natural Gas could be an option - as we're running out of do...

A fresh blueprint has been developed to boost Dunedin's future.   Business South's new targets include delivering more than 15 thousand high-value jobs by 2034, welcoming 150 new businesses a year by 2029, and growing Māori-owned businesses by 129% in four years.   CEO Mike Collins says the goals may be stretched, but are going to be remarkable, with many motivated people backing the gro...

Now, we need to talk about the Reserve Bank's excuses for how it completely stuffed up its job and let inflation get away on it during Covid. We spoke about this on the show yesterday, it's done the review and it says, quote, - "in hindsight, an earlier and more aggressive tightening might have reduced inflation sooner." Yeah. Really, Sherlock?  But this would have been difficult given t...

There’s nothing quite like watching a well-thought-out strategy come together and work. And hats off to South Korea this morning — they’re absolutely smashing it when it comes to tourism. The government set a goal: 30 million visitors a year by 2030. In 2005, they had 6 million. Last year? 16 million. This year: they’re on track to hit 20 million. This isn’t happening...

A new governor has been appointed for the Reserve Bank of New Zealand - all the way from Sweden.  Dr Anna Breman has already received criticism from economists who find themselves concerned that someone with such little knowledge of the New Zealand economy will hold such a high stakes position.  LISTEN ABOVE The podcasts in the SME Stream contain general information only, not financ...

The Kiwi dollar continues to weaken against the Australian dollar, hitting a three-year low last week. The NZD is currently trading at 88 cents off the back of soft GDP growth and rate cuts, and concerns are raising as China's economic rebound could widen the gap further. Investment director for Craigs investment partners Mark Lister told Mike Hosking that New Zealand's rate cuts are having a stro...

A former Finance Minister's discussing the Superannuation age in the wake of an alarming Treasury report.  Treasury's long term fiscal statement notes the importance of responding to challenges with an ageing population.  It suggests the cost of NZ Super could be kept stable by steadily increasing the age of eligibility, requiring it to rise to 72, by 2065.  Steven Joyce told Kerre...

What’s your message to the new Reserve Bank Governor?   Dr Anna Breman is moving from Sweden to take up the job and will begin her five-year term at the start of December.   I thought it was interesting to hear her say yesterday that one of the first things she plans to do is to travel around the country to meet and listen to people.   She says she wants to meet people in regu...

As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina Shrimpton each week as she gives you a rundown of the biggest stories that could impact on your business, so you can make informed decisions with expert advice.   This week …it’s in with the new at the Reserve Bank with a fresh face taking the helm, leave entitlements ar...

The way the New Zealand government buys technology is about to change in a big way.  A Cabinet paper from Judith Collins, the minister for digitising government, has outlined and approved a plan to centralise IT and digital-related government procurement decisions within the Department of Internal Affairs. Facing up to $13 billion in planned technology spending, with only two-thirds of it fun...

Nicola Willis admits the economy isn't where the Government would like it to be.  The Herald's annual Mood of the Boardroom survey shows business leaders are less optimistic about the economy than they were a year ago.  Only a third of respondents back the Government's current growth agenda.  The Finance Minister told Mike Hosking they're hearing the call for harder, faster action,...

The new Reserve Bank Governor is pledging to build trust and credibility. Sweden's Anna Breman has been announced to lead  the central bank, taking over from interim Governor Christian Hawkesby in December. She'll be the first woman to ever hold the role - selected from more than 300 candidates who were initially identified. Newstalk ZB reporter Azaria Howell says Breman has revealed the new...

Business leaders aren’t sugarcoating their messages for the Government.   The Herald's annual Mood of the Boardroom survey shows business leaders are less optimistic about the economy than they were a year ago.  Only a third of respondents back the Government's current growth agenda.  Forsyth Barr Managing Director Neil Paviour-Smith told Mike Hosking concerns are being expres...

AI and technology stocks are continuing to have a significant presence in the market - but which companies are leading the charge? Broadcom and Oracle are among the companies that have generated positive results, and Nvidia made headlines following its $100 billion investment in OpenAI. Milford Asset Management's Andrew Curtayne explained further. LISTEN ABOVE The podcasts in the SME Stream contai...

Treasury has raised the alarm over the state of New Zealand's public finances as part of its long-term fiscal forecast. Record levels of Government spending, increasing health costs and an ever-growing aging population are among the concerns set to create additional fiscal pressures for the country, according to new reports. Treasury warned Net Core Crown Debt is set to hit 200 percent of GDP by 2...

A grim outlook from business leaders.  The Herald's annual Mood of the Boardroom survey shows business leaders are less optimistic about the economy than they were a year ago.  They’re calling for more bipartisanship when it comes to tax, retirement, and the long-term outlook for New Zealand.  NZ Initiative co-founder and Chair Roger Patridge told Francesca Rudkin the business...

Our next Reserve Bank Governor is being commended for her track record in Sweden.  Dr Anna Breman —the First Deputy-Governor of Sweden’s central bank— will lead our central bank from December.  Swedish economist Selva Baziki says the Swedish economy is similar to New Zealand's.  And she told Mike Hosking Breman and her colleagues successfully reined in inflation wi...

A view that small businesses may suffer and not be able to survive if the Government's surcharge ban comes into play.  Commerce Minister Scott Simpson announced the ban on surcharges like PayWave will be in place by May next year.   In an open letter, 36 Chambers of Commerce, industry and business associations warn the ban will just be passed on through increased prices.  North Cham...

The Commerce and Consumer Affairs Minister is not sharing the same fears as retailers over the surcharge ban. Scott Simpson says the legislation banning surcharges like PayWave is before the Select Committee and will be in place by next year.  36 business associations have written a letter warning the ban could be passed on through increased prices. Simpson says a lot of businesses don't use...

The Swedes do central banking a little different to us, and I reckon it's good news we've got a Swede in charge. Riksbank - their RBNZ equivalent - is really big on this thing called transparency. There's three things to know - this is stuff they do that we don't, currently. 1. They rank amongst best performing on openness and honesty in the world. 2. They publish an actual forward forecast for th...

Nicola Willis admits the economy isn't where the Government would like it to be.  The Herald's annual Mood of the Boardroom survey shows business leaders are less optimistic about the economy than they were a year ago.  Only a third of respondents back the Government's current growth agenda.  The Finance Minister told Mike Hosking they're hearing the call for harder, faster action,...

Changes to the Holidays Act have been welcomed by businesses as long overdue. The new system will include accrual for sick and annual leave. The Government says it will be two years before these changes are implemented. But Restaurant Association boss Marisa Bidois told Francesca Rudkin the industry wants a faster timeline. She says while she understands the need to update systems, some of their s...

Business NZ says the Government's making workers leave simpler and more cost-effective. It's announced a new hours-based annual and sick leave accrual system, including flexibility of being able to take only the hours needed off work rather than a full day. It'll also mean part-time workers will no longer have a minimum sick leave entitlement. Business NZ's Paul Mackay says leave's always been acc...

Businesses are hopeful an overhaul of the Holidays Act will give them clearer leave guidelines.  The Workplace Minister will announcing a change to the 2003 Act today.  Business Canterbury CEO Leeann Watson told Francesca Rudkin the current legislation is far too complex.  She says businesses have almost needed an advanced calculus degree to meet their obligations.  LISTEN ABOV...

There are still grey areas in the Government's proposed leave legislation.  The Government's announced a new system to replace the 2003 Holidays Act.  Coffee Club Director Brad Jacobs told Mike Hosking while some parts still need clarity, the proposal appears to solve many issues.  He says as long as he's been in New Zealand, the Act has caused problems, and he's concerned by the lo...