The SME Stream

Finance Minister Nicola Willis has talked up how changes to KiwiSaver, due to be announced at the Budget, will boost members’ balances. She's offered up some hints - but it's unlikely the Government will help by opening up its wallet. NZ Herald Wellington business editor Jenee Tibshraeny speculates further ahead of Budget day. LISTEN ABOVE The podcasts in the SME Stream contain&nbs...

Here is another example of the way the pay equity game is played by the media.  If you choose not to call a minister the c-word, you run a headline like this - "Ministers set to take big pay rises right after wiping 33 pay equity claims".  That’s the headline in Newsroom. It is dishonest in its inference.  It's emotive and it misrepresents what is happening. In that is the Gov...

Auckland's Business Chamber CEO says we have nothing to lose by loosening transit visas for Chinese nationals.  Auckland Mayor Wayne Brown's updated his Auckland Manifesto, laying out a Beehive to-do list.  It includes calling for the Government to reconsider loosening transit visas for Chinese Nationals, giving them more freedom for short stays in the country.  Simon Bridges told R...

New Zealand will pass an economic milestone in 2028, with the Government making it's first ever Super Fund withdrawal. The Finance Minister revealed yesterday they'll begin offset superannuation costs by withdrawing $32 million from the New Zealand Super Fund. From 2031, withdrawals are expected annually.  Superannuation expert Jonathan Eriksen told Ryan Bridge it's exactly what the Superfund...

The Finance Minister has revealed the Government will will make its first withdrawal from the Super in 2028 - five years earlier than initially planned. In the first year, $32 million will be withdrawn - but from 2031, withdrawals are expected annually. Infometrics Principal Economist Brad Olsen explains why this is happening. LISTEN ABOVE The podcasts in the SME Stream contain gene...

Finance Minister Nicola Willis says changes to KiwiSaver will be revealed at next week’s Budget. The NZ Super Fund will cover only 20% of future Superannuation costs, with withdrawals starting in 2028. The fund will continue growing despite withdrawals, but Superannuation costs are expected to reach $29 billion annually. There will be changes to KiwiSaver announced at next week’s Budge...

Your body is well acquinted with this brand and now it's time to get to know the story behind LSKD , as told by the founder, Jason Daniel ! Grab your Suntory Boss Coffee - It's brewed hot, chilled fast and perfect for an on-the-go podcast listen. In Episode 7, Georgia Patten chats to Jason Daniel, the brains and brawn behind one of the biggest names in the fitness apparel industry - LSKD - one of...

Auckland's mayor is calling for more leadership - and labelling the city's innovation and tech sector 'random'.  Wayne Brown has laid out a to-do list for central Government before it releases its Budget this month.   He wants a tourist bed tax, looser transit visas, and more preparations for major population growth.  Brown says a bed tax would fund bigger projects he has planned fo...

Auckland's Business Chamber CEO says we have nothing to lose by loosening transit visas for Chinese nationals.  Auckland Mayor Wayne Brown's updated his Auckland Manifesto, laying out a Beehive to-do list.  It includes calling for the Government to reconsider loosening transit visas for Chinese Nationals, giving them more freedom for short stays in the country.  Simon Bridges told R...

Time is running out for businesses who took out a Covid Small Business Cashflow Scheme. It's five years today since Inland Revenue introduced the loans. They were issued to more than 129,000 businesses and totalled $2.4 billion. The IRD says they're now reaching their cut-off point, and default loans not paid in full will be enforced. ABC Business Sales managing director unveils how many businesse...

The US and China have agreed to slash their reciprocal tariffs by 115 percent for 90 days. Washington imposed a 145 percent tariff on Chinese imports at the start of the year - and Beijing responded with a 125 percent levy on some US goods. But this weekend's trade negotiations between US and Chinese officials in Switzerland appear to have gone well.  Harbour Asset Management's Shane Solly ex...

This week, for the first guest of the new season, Liam is joined by clinical psychologist, author and TV presenter, Nigel Latta, to discuss his career on and off camera, his cancer diagnosis last year, and his new app Parentland. You can find more details on it and how to download it at https://www.parentland.app/   The podcasts in the SME Stream contain general information onl...

The Government is set to cut billions of dollars from spending at the upcoming budget as a cost-saving measure in these tight financial conditions. But what if there was a way to raise more revenue from existing industries? Analysis from the Herald has looked at the ‘black market’ or the informal economy – the industries dominated by cash in hand methods of payment that pass by t...

Developments are being made in the US and China trade talks.  A top Trump economic adviser says about two dozen trade deals are in the works with the country.  Talks took place in Switzerland over the weekend.  Greg Smith of Devon Funds Management talks to Mike Hosking about the negotiations, British Airways buying billions of dollars worth of planes and why BP's in the crosshairs o...

New Zealand banks are being asked to pay up in the next few months.  Kiwibank, BNZ, Westpac, ANZ and ASB will need to repay around $9.2 billion in cheap Covid-era loans to the Reserve Bank.  Infometrics Principal Economist Brad Olsen told Mike Hosking that they have variety of options they can use to repay the money.  He says the banks knew when taking out these loans they’d h...

 [VIDEO EPISODE ON YOUTUBE & SPOTIFY] This episode takes you behind every aspect of Port of Auckland's 24/7 trade operation, including containers, coal, cruises and cars. Plus the CEO Roger Gray explains how price hikes are funding its expansion. The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expresse...

We're two weeks away from Budget 2025, and the Government has been dropping hints about what we can expect. Prime Minister Luxon recently confirmed the Government will increase total capital expenditure allocated in the upcoming Budget by $400 million. NZ Herald business editor Liam Dann explains further. LISTEN ABOVE The podcasts in the SME Stream contain general information only,...

Encouraging investment is a top priority in this month's upcoming Budget, according to new reports. Prime Minister Chris Luxon says it'll come from a small number of measures, including more funding for a R&D tax credit. BusinessNZ Advocacy Director Catherine Beard says New Zealand is currently one of the hardest OECD countries to invest in. She says the new agency, Invest New Zealand, is one...

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, the unemployment rate stayed static, but is it actually good news? Talks are underway for a free trade agreeme...

Reuben Davidson, Labour’s new spokesperson for science, innovation, technology, broadcasting and the creative economy, isn’t shy about the scale of the challenges facing New Zealand’s high-value sectors, or the damage he says the current government is doing.  In this week’s episode of The Business of Tech, the former TV producer, who won the Christchurch East seat in t...

The unemployment rate has stayed static for another quarter.  Stats NZ figures just out show the rate remained at 5.1% in the March quarter.  The number of full-time workers fell by 45 thousand over the year and part-time employment grew by 25 thousand.  Herald Business Editor at Large Liam Dann told Kerre Woodham today's figures are a surprise.  He says this is good news but i...

The Finance Minister admits many Kiwis aren't getting as much work as they'd like to be.  Unemployment has remained unchanged at 5.1% in the March quarter, despite most economists predicting a rise.  However, 21% of employed people are now working part time.  Nicola Willis told Mike Hosking the ongoing rise in the under-utilisation rate is a concern.  She says it's clear that s...

Kristine Bartlett was, to many, a hero.  She was a very likeable woman. She was a caregiver who argued her work was undervalued and she deserved more.  The Labour Party who love “feels” and are not exactly unfamiliar with the unions leapt all over it and the Equal Pay Act 2022 was born.  The downside was how to compare this so-called "underpaid work" like in nursing home...

A Government delegation has landed in the Indian capital to kick-start Free Trade Agreement talks.   The Prime Minister, along with several other ministers, visited India earlier this year to improve diplomatic ties.   India New Zealand Business Council Chair Bharat Chawla told Ryan Bridge India will hope to make movement in New Zealand easier for its people.   He says it will also...

The Government is urgently pushing through new legislation - lifting the threshold for pay-equity claims based on gender discrimination.  The Bill has already passed its first reading supported by all coalition parties and Parliament's moved swiftly onto the second.  These changes have prompted plenty of backlash, but Workplace Minister Brooke van Velden says there was an appetite for th...