Looking for actionable business insights all in one place? BNZ is here to help you find a way with a curation of the ‘best bits’ from top business podcasts. Sav...
Rowan Simpson: Kiwi Entrepreneur talks start ups, business confidence, and economic growth
The name of the game for the government this year is economic growth and increased productivity. For that, what New Zealand needs is successful businesses. One of New Zealand’s most successful entrepreneurs believes more can be done to grow business confidence and the economy alike. Rowan Simpson, one of the founding members and investors in TradeMe and Xero, is releasing ‘How to Be Wrong’, a book that details the unique position New Zealand is in to grow businesses. He told Mike Hosking that while there are plenty of ideas that are not investable, there’s more than enough that have great potential. LISTEN ABOVE The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.See omnystudio.com/listener for privacy information.
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Nicola Willis: Finance Minister on the impact of the OCR cut and dropping interest rates
Banks could soon be competing a bit harder for our business. The Reserve Bank's signalling yesterday's double cut to the OCR will be followed by at least two more single cuts at the next reviews in April and May. Finance Minister Nicola Willis told Andrew Dickens that's going to drive banks' rates down. She says mortgage-holders and small businesses should be expecting to see their interest rates keep dropping. Governor Adrian Orr says banks that don't cut their rates enough could lose market share to their competitors. He says banks will be "sniffing and hunting" for business and may even have reduce their profit margins. LISTEN ABOVE The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.See omnystudio.com/listener for privacy information.
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Liam Dann: NZ Herald business editor at large on the Reserve Bank raising issues with Stats NZ data
The Reserve Bank is urging the Government to take a hard look at Stats NZ, with a view to improving the timeliness and accuracy of key economic data. The department has been put under the microscope, with the central bank highlighting dramatic revisions to GDP (gross domestic product) as one of the reasons for a controversial reversal in its rate track in 2024. NZ Herald business editor at large Liam Dann explains further. LISTEN ABOVE The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.See omnystudio.com/listener for privacy information.
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Mike's Minute: KiwiSaver reality vs ideology
Given the issues around KiwiSaver, it’s a miracle any of us save anything to become remotely independent in retirement. Last week we told you about the Morningstar rankings and how the biggest operator in the market was performing so poorly, and now we have yet another crack at where the money is actually invested. Mindful Money is upset over the increase in funds going to fossil fuel producers. We have a 20% increase in the last six months. That's despite the amount of new money flowing into KiwiSaver only being 7%. Mindful Money is clearly of the view that the whole transition away from fossil fuels is still an urgent and present thing, when clearly, it's not. What we have here is a clash of reality vs ideology. The reality is KiwiSaver funds look for returns. The ideology is that no matter how unrealistic it is to run the world on sun and wind, we still need to sacrifice more to get there. If there has been one crushing realisation this past year or so around that, it is the simple truth that the transition to renewables has been found out, and badly. Genesis has half a million tonnes of coal standing by for this winter to keep the lights on. They have another half million tonnes on order, with a backup order for another 200,000 tonnes. Someone mines that coal. That's good business and good business pays dividends. If you hate coal don't even look at India and China. Coal is booming. It doesn’t make it nice or palatable, but it's real and investment is about reality. We are in a time where the cold, hard truth of what we thought was going to be easy, isn't. It might not even turn out to be real. The last thing we need is KiwiSaver funds playing dumb games like the banks and looking to deny legitimate activity, the financial life blood, it needs to produce goods and services people actually want. What we want in KiwiSaver is a pool of money that grows. That happens by investing in relevant activities that turn a dollar and pay a dividend. Morale indignation doesn’t fund retirement. The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.See omnystudio.com/listener for privacy information.
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SME Stream Weekly Wrap - 21st February
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. In this weekly wrap, huge relief as the OCR is slashed by another 50 basis points, electronic spend was down last month but farmer and SME confidence is up, plus informative interviews on the foreign buyers ban, and preparing for retirement. This podcast contains general information only, not professional advice. BNZ and NZME are not liable for any losses resulting from this podcast. See omnystudio.com/listener for privacy information.
Looking for actionable business insights all in one place? BNZ is here to help you find a way with a curation of the ‘best bits’ from top business podcasts. Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.
The SME Stream is a curated playlist of business podcasts brought to you by Bank of New Zealand (BNZ). The podcasts contain general information only, not financial or other professional advice. For help, please contact your bank or professional adviser. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.
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