Show Notes
Last week, Australia's ban on credit and debit card surcharges took effect, and it's sparked debate as to whether we should follow suit. National expressed interest in implementing a similar rule with the Retail Payment System (Ban on Merchant Surcharges) Amendment Bill, but it appears to have stalled following backlash. Retail NZ CEO Carolyn Young says this ban led to Australian businesses increasing prices - and it's likely Kiwi businesses will have to do the same if these changes were made. "In such a tight environment, everyone's struggling - consumers are struggling, businesses are struggling - that 2 percent or 2 and a half percent or 3 percent can make a difference around whether a business survives or doesn't survive." LISTEN ABOVE See omnystudio.com/listener for privacy information.
More from Best of Business
Ahead of the long weekend, Kate Hawkesby and Tim Wilson joined Mike Hosking to Wrap the Week that Was. They discussed the latest from the election campaigning, the aforementioned long weekend for Labour Day, and what makes a business successful. LISTEN ABOVE See omnystudio.com/listener for privacy information.
THE BEST BITS IN A SILLIER PACKAGE (from Friday's Mike Hosking Breakfast) Well, a Feeling, Anyway/Friends Like These/Mark the Week/How to Succeed In Business. I Think See omnystudio.com/listener for privacy information.
It's been a big week for the tech sector, with Meta and SpaceX recently publishing their earnings. Elon Musk recently claimed third-quarter revenue went up to $14.6 billion year over year, beating out the $12.86 billion analysts projected. Fisher Funds expert Sam Dickie unpacked what this result means for investors. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Feilding High School has called for agricultural and horticultural science to remain a standalone subject for Year 11 students, and Federated Farmers has voiced support for this move. Under proposed changes to the school curriculum, agriculture would be folded into general science for Year 11 students, with Year 12 and 13 instead having the option to take Food and Fibre Systems from 2029. The Country host Jamie Mackay explained further. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The September quarter's reprieve from inflation is likely to be temporary, according to one expert. The Consumers Price Index measure of household expenses rose 3.7 percent in the year to September - down from 4.1 annually to June. Infometrics Principal Economist Brad Olsen says changes since mean it'll go up again - pushed by many costs. "Going through into building costs, we've seen the likes of international airfares that have gone up, we've seen property maintenance costs lift - all of that just makes us uncomfortable when you take all of that into account." LISTEN ABOVE See omnystudio.com/listener for privacy information.