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The SME Stream
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47episodes
Episodes
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The SME Stream Weekly Wrap - 6th August
6d ago00:08:03Tap to summarizeAs business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina O'Keeffe each week as she gives you a rundown of the biggest stories that could impact your business, so you can make informed decisions with expert advice. This week, Unemployment reaches new heights but is it downhill from here? Kiwi debt levels are finally decreasing and the mismatch between salary and AI skills. Plus what’s in the secret sauce of Christchurch's economic recovery?See omnystudio.com/listener for privacy information.
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Christopher Luxon: Prime Minister on a MMP referendum, MP perks, comments to business leaders
6d ago00:34:48Tap to summarizeChristopher Luxon says he supports having another referendum on the MMP voting system if he’s re-elected as he encourages greater support for National so the party can avoid working with “some yahoo and numpty” in Cabinet. Act leader David Seymour says he’s not opposed to another referendum but suggests Luxon “may not have thought through what he’s saying” regarding ministers from other parties, noting the number of National ministers who had been dismissed this term. Speaking on Newstalk ZB this morning, Luxon made the statement in response to a listener who had texted in asking whether the PM would address the power held by minor parties in governing arrangements. Luxon initially pointed to the Government working towards a referendum on whether to extend government terms from three years to four, before saying he was “open” to asking voters whether they were “still supportive of MMP”. Asked if he would do so if he were Prime Minister next year, Luxon replied: “Yeah, I think I would.” He added: “I think I would because I actually think, you know, that it is quite right to check in constitutionally and say, is this the system, New Zealand, you still want? “You know, you voted for this in the 90s, we’ve had a check-in in the [20]10s, 20 years down the road or whatever it has been, is it still where you want to be?” LISTEN ABOVE See omnystudio.com/listener for privacy information.
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Sam Dickie: Fisher Funds expert on SpaceX's first results as a listed company
6d ago00:05:40Tap to summarizeRevenue's soaring for Elon Musk's spacecraft company SpaceX - but so is spending. It's published its first earnings report as a public company. SpaceX says its revenue's grown 92 percent compared to a year ago, bringing it to $7.8 billion. Sam Dickie from Fisher Funds explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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Chris Hipkins: Labour leader on the party's new scheme designed to help out small businesses
6d ago00:04:48Tap to summarizeLabour says its new election policy aimed at small businesses is about making life a little easier. If it gets into power, the Labour will raise the GST threshold, lift asset write-offs and require big businesses to pay up faster. It would axe the current Government's Investment Boost, which lets businesses deduct 20 percent of the cost of a new asset. Leader Chris Hipkins says small businesses shouldn't be a line of credit for big businesses. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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Australia's big tech tax Could NZ make big tech pay for news content - Thu 6 Aug
6d ago00:04:41Tap to summarizeMeta, Google and Microsoft - to pay 2.5% of their advertising revenue to Aus media companies. Tech with 2degrees. Peter Griffin The Business of Tech.See omnystudio.com/listener for privacy information.
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Phil Wicks: Small Business NZ Founder on Labour's plan to axe the Investment Boost to focus on small businesses
6d ago00:04:38Tap to summarizeThere are concerns scrapping the Investment Boost could do more harm than good. Labour's promising to up the GST threshold, lift the asset write-off, and make big businesses pay small suppliers in 15 days. It'll axe the National's $6.6 billion scheme to pay for it – calling it untargeted. Small Business NZ Founder Paul Wicks told Mike Hosking this policy could be very useful, with three practical ideas. But he says changes to the Investment Boost may create larger problems elsewhere. Wicks is also sceptical about the blanket rule for paying small suppliers, saying the idea’s good but different industries have different payment cycles. LISTEN ABOVE See omnystudio.com/listener for privacy information.
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Unemployment back up to 5.6%, but looking under the hood, the data was mixed - Thu 6 Aug
6d ago00:03:58Tap to summarizeYouth unemployment levels high but proportion of youth not in education, employment or training is more positive. Zoe Wallis Forsyth Barr.See omnystudio.com/listener for privacy information.
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Chris Small: ABC Business Sales CEO on the unemployment rate rising to 5.6%, impact of AI
6d ago00:03:34Tap to summarizeAI might be contributing to our rising unemployment rate. Stats NZ data shows unemployment jumped to 5.6% in the June quarter, up from 5.3% in March. It's the highest rate in 11 years and higher than most economists had been picking. ABC Business Sales’ Chris Small told Ryan Bridge when you compare the South Island’s rate of 3.7% to the North Island’s 6%, it seems like more of a white-collar problem than a blue-collar one. He says AI is filling a bit of a void for some business owners, which means they’re not hiring as many people. LISTEN ABOVE See omnystudio.com/listener for privacy information.
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Todd McClay: Trade Minister on Invest NZ axing its roadshow approach for the Active Investor Plus Visa
6d ago00:03:29Tap to summarizeThe Trade Minister's defending a decision to scrap offshore staffing aimed at attracting golden visa money. Government agency Invest NZ is making tweaks to its roadshow approach to attracting investors, and has cut its US and Europe-based staff. The Active Investor Plus Visa lets big spenders invest a minimum of $5 million in New Zealand in exchange for a pathway to residency. Trade Minister Todd McClay told Mike Hosking the private sector is already attracting people by itself. He says law and investment firms are talking to their own clients and directing it, and while they want to promote New Zealand, they don’t want to replicate what the private sector does. LISTEN ABOVE See omnystudio.com/listener for privacy information.
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Jamie Mackay: The Country host on Rabobank's latest agribusiness report for August
6d ago00:02:58Tap to summarizeRabobank has unveiled their latest agribusiness report for August - and claimed there's plenty to watch going forward. Dairy, beef and sheepmeat are seeing good results, with momentum likely to continue, but there's some concerns impacting the global market. The Country's Jamie Mackay explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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