Tauranga City Council will wait until mid-2025 to expand charges for letting businesses offer al fresco dining.

The fee per-square-metre of footpath use was meant to apply from July. 

Tauranga mayor Mahe Drysdale says delaying its introduction recognises the tough conditions for hospitality now.

He says they're now rethinking how high the fee should be. 

"That's a conversation we need to have with the people that are on the ground and using the space."

LISTEN ABOVE

Tauranga City Council will wait until mid-2025 to expand charges for letting businesses offer al fresco dining.
The fee per-square-metre of footpath use was meant to apply from July.&nbsp;
Tauranga mayor Mahe Drysdale says delaying its introduction recognises the tough conditions for hospitality now.
He says they're now rethinking how high the fee should be.&nbsp;
"That's a conversation we need to have with the people that are on the ground and using the space."
LISTEN ABOVE

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.

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.

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.

Best of Business

Mahe Drysdale: Tauranga mayor reveals city will wait to introduce outdoor dining charges

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f12f8491-0b42-46e0-9499-b20b004a1473/transcript

As the world's ageing population is expected to grow over the coming decades, investors have turned their attention to vision care.

As people get older, the need for corrective lenses and treatment goes up - meaning investors are looking to take advantage of increased demand.

Milford Asset Management analyst Deborah Lambie reveals the companies that stand to benefit from this.

LISTEN ABOVE

As the world's ageing population is expected to grow over the coming decades, investors have turned their attention to vision care.
As people get older, the need for corrective lenses and treatment goes up - meaning investors are looking to take advantage of increased demand.
Milford Asset Management analyst Deborah Lambie reveals the companies that stand to benefit from this.
LISTEN ABOVE

Deborah Lambie: Milford Asset Management analyst on investors turning towards vision care amid ageing population boom

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b6467be1-c880-48ea-88b9-b20b007e1fce/transcript

The Accident Compensation Corporation concedes there’s room for it to tighten its processes, as it proposes increasing the levies it charges to help pay for rising claims costs.

ACC said, in its just-released annual report, that “lower-than-expected rehabilitation performance” contributed towards it reporting a wider-than-expected $7.2 billion deficit in the year to June.

In the previous year, it reported a $911 million surplus.

NZ Herald Wellington business editor Jenee Tibshraeny unpacked the factors behind the deficit - and examined how the insurer could turn things around.

LISTEN ABOVE

The Accident Compensation Corporation concedes there’s room for it to tighten its processes, as it proposes increasing the levies it charges to help pay for rising claims costs.
ACC said, in its just-released annual report, that “lower-than-expected rehabilitation performance” contributed towards it reporting a wider-than-expected $7.2 billion deficit in the year to June.
In the previous year, it reported a $911 million surplus.
NZ Herald Wellington business editor Jenee Tibshraeny unpacked the factors behind the deficit - and examined how the insurer could turn things around.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on the Accident Compensation Corporation reporting a $7.2 billion deficit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/48961e26-6097-426a-baa4-b20b007be192/transcript

There's pressure growing for the Reserve Bank to move more aggressively on the Official Cash Rate.

New Zealand's inflation rate is officially back on target, at 2.2 percent.

Infometrics Principal Economist Brad Olsen says that although the Reserve Bank has recently cut the OCR - it's still higher than it should be.

He says the Bank probably needs to slash the rate faster than it originally intended.

"It does open that strong possibility of a 75 basis point cut in November - because they'll be taking a 12-week break over summer."

LISTEN ABOVE

There's pressure growing for the Reserve Bank to move more aggressively on the Official Cash Rate.
New Zealand's inflation rate is officially back on target, at 2.2 percent.
Infometrics Principal Economist Brad Olsen says that although the Reserve Bank has recently cut the OCR - it's still higher than it should be.
He says the Bank probably needs to slash the rate faster than it originally intended.
"It does open that strong possibility of a 75 basis point cut in November - because they'll be taking a 12-week break over summer."
LISTEN ABOVE

Brad Olsen: Infometrics Principal Economist warns the RBNZ will need to slash the OCR quicker to keep up with inflation

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/42345eb0-c65d-4fdc-9e7c-b20b0055a144/transcript

Mahe Drysdale: Tauranga mayor reveals city will wait to introduce outdoor dining charges

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