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 busi...
Mike: former SolarZero employee reveals what went wrong for the company
More details have emerged in the wake of SolarZero’s shock liquidation, which affected 160 employees. The company revealed on Tuesday that the business was unable to continue trading, citing 'unsustainable operating losses and liquidity constraints'. Former employees have since spoken out against the company - and one of them, Mike, has unveiled some concerns ahead of a planned protest tomorrow. "The main thing we want to try and get across is - we were made redundant 4pm on Tuesday, no redundancy, no notice period, no holiday pay, we have a significant number of our staff that live week by week." LISTEN ABOVESee omnystudio.com/listener for privacy information.
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5:57
Katlyn Parker: Milford Asset Management Portfolio Manager on the market response to end-of-year OCR cut
The OCR was slashed by 50 basis points today - but some markets believe it could have gone lower. Some experts believed a chunkier 75 point cut was on the way before the Reserve Bank took its summer break. Milford Asset Management Portfolio Manager Katlyn Parker unpacked the response further. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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3:40
Jenee Tibshraeny: NZ Herald Wellington business editor on what today's OCR cut means for mortgages
Many mortgage holders will be relieved to hear that the OCR has been brought down by an addition 50 basis points. Despite this, one expert is warning that borrowers might need to keep their enthusiasm about the interest rates in check. NZ Herald Wellington business editor Jenee Tibshraeny explained that there were other factors impacting interest rates. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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2:25
Brad Olsen: Infometrics Principal Economist on the Reserve Bank cutting the OCR by 50 basis points
There's questions over what will come next for the OCR after today's 50 basis point cut. The Reserve Bank has hinted more cuts will come in the new year. However, Infometrics Principal Economist Brad Olsen has warned this might not be the right approach. "A lot of economic forecasters are wondering - when do we get back to those more normal and considered steps, given that the economy is already starting to show some early signs of turning around?" LISTEN ABOVESee omnystudio.com/listener for privacy information.
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4:17
Barry Soper: Newstalk ZB senior political correspondent on the OCR being cut by 50 basis points
Homeowners can expect some relief - as the Reserve Bank cuts the OCR down in its final update of the year. The central bank has slashed the rate 50 basis points today - to sit on 4.25 percent. It's now forecasting 4.1 percent by March next year, 3.6 percent by the end of next year, with an endpoint of 3.1 percent by March 2027. ZB political correspondent Barry Soper says Governor Adrian Orr has warned this will depend on how things track - as the economy is in for a slow recovery. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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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