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 ABOVE

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 -&nbsp; 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 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

Mike: former SolarZero employee reveals what went wrong for the company

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2dc25d00-d0db-49fc-8928-b23600663900/transcript

President-elect Donald Trump's latest policy announcements continue to have an impact on capital markets.

Trump's pick of Scott Bessent as Treasury Secretary sent long-term Government bond yields lower and the US share market higher - as investors felt more confident in a 'seasoned' choice taking on the role.

However, his threated tariffs on China, Canada and Mexico created a divided response among investors. 

Harbour Asset Management's Shane Solly unpacked the 'mixed' reactions to Trump's latest announcements.

LISTEN ABOVE

President-elect Donald Trump's latest policy announcements continue to have an impact on capital markets.
Trump's pick of Scott Bessent as Treasury Secretary sent long-term Government bond yields lower and the US share market higher - as investors felt more confident in a 'seasoned' choice taking on the role.
However, his threated tariffs on China, Canada and Mexico created a divided response among investors.&nbsp;
Harbour Asset Management's Shane Solly unpacked the 'mixed' reactions to Trump's latest announcements.
LISTEN ABOVE

Shane Solly: Harbour Asset Management spokesperson explains how Trump's policy announcements are impacting capital markets

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/eb9ce21b-d8e4-471b-8cf5-b23a0078e912/transcript

The National Public Health Service is exactly what's wrong with this country.

The Health Minister, who shouldn't have had to, intervened in their submission to the district council looking at the application for McDonald's in Wanaka.

Why was the health service offering a submission? Because the council asked them to.

So who is more at fault (the answer is of course both of them), the council for creating work and waste, or the service for creative work and waste?

The health service, among other things, talk of health. They talked of health in the wildest of contexts, like the World Health Organisation context, which essentially means anything can be dragged into the health sphere if you are determined.

And my word, were they determined.

They won't be in future because Shane Reti told them to stop wasting everyone's time.

The irony of the outcome is the submission wasn’t even correct, hinting perhaps that these people have little, if any, knowledge of what they are actually doing and simply fill their days with pointless exercises.

They sighted Te Tiriti of course. What Te Tiriti has to do with fries and a chocolate shake, I have no idea, and I suspect they don’t either. But that is why all this is so criminal.

TeTiriti is everywhere for no particular purpose. Its overreach has reached the point of absurdity.

So hundreds of submissions, days of hearing, the Treaty and a Government department admonished by the minister. That is why nothing gets done and that is why the country is in the state it is.

These people want to sell a hamburger. They want to employ locals, they want to contribute to the growth of the community and they want to pay their tax.

They simply want to do business.

Why is the industry and apparatus in not doing business so vast, so complicated, so expensive and so wasteful?

And who is blowing it up?

LISTEN ABOVE

<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">The National Public Health Service is exactly what's wrong with this country.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">The Health Minister, who shouldn't have had to, intervened in their submission to the district council looking at the application for McDonald's in Wanaka.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Why was the health service offering a submission? Because the council asked them to.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;"><span style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; user-select: text; background-position: 0px 100%; background-repeat: repeat-x; background-image: var(--urlContextualSpellingAndGrammarErrorV2,); border-bottom: 1px solid transparent;">So who is more at fault (the answer is of course both of them), the council for creating work and waste, or the service for creative work and waste?
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">The health service, among other things, talk of health. They talked of health in the wildest of contexts, like the World Health Organisation context, which essentially means anything can be dragged into the health sphere if you are determined.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">And my word, were they determined.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">They won't be in future because Shane Reti told them to stop wasting everyone's time.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">The irony of the outcome is the submission wasn’t even correct, hinting perhaps that these people have little, if any, knowledge of what they are actually doing and simply fill their days with pointless exercises.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">They sighted Te Tiriti of course. What Te Tiriti has to do with fries and a chocolate shake, I have no idea, and I suspect they don’t either. But that is why all this is so criminal.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;"><span style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; user-select: text; background-position: 0px 100%; background-repeat: repeat-x; background-image: var(--urlSpellingErrorV2,); border-bottom: 1px solid transparent;">TeTiriti is everywhere for no particular purpose. Its overreach has reached the point of absurdity.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;"><span style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; user-select: text; background-position: 0px 100%; background-repeat: repeat-x; background-image: var(--urlContextualSpellingAndGrammarErrorV2,); border-bottom: 1px solid transparent;">So hundreds of submissions, days of hearing, the Treaty and a Government department admonished by the minister. That is why nothing gets done and that is why the country is in the state it is.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">These people want to sell a hamburger. They want to employ locals, they want to contribute to the growth of the community and they want to pay their tax.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">They simply want to do business.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Why is the industry and apparatus in not doing business so vast, so complicated, so expensive and so wasteful?
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">And who is blowing it up?
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">LISTEN ABOVE

Mike's Minute: Who is breaking up the industry stopping us from doing business?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8bb1def3-f621-4506-8931-b239015ea184/transcript

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 ABOVE

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 ABOVE

Katlyn Parker: Milford Asset Management Portfolio Manager on the market response to end-of-year OCR cut

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/de8e5710-36bd-46cd-ab7f-b2350083cb6a/transcript

Mike: former SolarZero employee reveals what went wrong for the company

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