The Finance Minister says there will be an announcement in the next week on the Government's next steps to encourage more competition in the supermarket sector.

Nicola Willis has previously indicated intentions to encourage a third player into the market to challenge the two incumbents.

She explained while it's good to have a niche provider opening - unless someone is opening multiple stores, it's hard to get competition impact.

"I've been engaging with a range of smaller players, and that's something I've identified. It's clear to me that the Government will need to take further action."

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The Finance Minister says there will be an announcement in the next week on the Government's next steps to encourage more competition in the supermarket sector.
Nicola Willis has previously indicated intentions to encourage a third player into the market to challenge the two incumbents.
She explained while it's good to have a niche provider opening - unless someone is opening multiple stores, it's hard to get competition impact.
"I've been engaging with a range of smaller players, and that's something I've identified. It's clear to me that the Government will need to take further action."
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.

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Nicola Willis: Finance Minister on the Government's upcoming announcement about the future of the supermarket sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c3789483-d736-4cbc-9354-b2aa0063ce27/transcript