A view that small businesses may suffer and not be able to survive if the Government's surcharge ban comes into play. 

Commerce Minister Scott Simpson announced the ban on surcharges like PayWave will be in place by May next year.  

In an open letter, 36 Chambers of Commerce, industry and business associations warn the ban will just be passed on through increased prices. 

North Chamber Chief Executive Leah McKerrow told Francesca Rudkin there should a consumer line that identifies those abusing the surcharge, as now small businesses will face increased costs. 

LISTEN ABOVE 

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

A view that small businesses may suffer and not be able to survive if the Government's surcharge ban comes into play.&nbsp;
Commerce Minister Scott Simpson announced the ban on surcharges like PayWave will be in place by May next year. &nbsp;
In an open letter, 36 Chambers of Commerce, industry and business associations warn the ban will just be passed on through increased prices.&nbsp;
North Chamber Chief Executive Leah McKerrow told Francesca Rudkin there should a consumer line that identifies those abusing the surcharge, as now small businesses will face increased costs.&nbsp;
LISTEN ABOVE&nbsp;
The podcasts in the SME Stream contain&nbsp;general information only, not financial&nbsp;or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.&nbsp;

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
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The SME Stream

Leah McKerrow: North Chamber CEO on the call to reverse the ban on card surcharges

"As 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, Tariff news is back on the agenda, so will it bring more economic wobbles? People are slowly opening up their wallets again at the checkout and why our Reserve Bank Governor expects AI to make us richer - plus how to turn an everyday idea into a profit-making business.

"As 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.&nbsp;
 This week,&nbsp;Tariff news is back on the agenda, so will it bring more economic wobbles? People are slowly opening up their wallets again at the checkout and why our Reserve Bank Governor expects AI to make us richer - plus how to turn an everyday idea into a profit-making business.

SME Stream Weekly Wrap - 27 February

Air New Zealand is fighting with one hand tied behind its back facing local costs its international competitors avoid. 

The national airline's announced a $40 million half-year loss. 

The new Chief Executive says airlines are a cyclical business, and New Zealand is disproportionately exposed to local inflation.  

Nikhil Ravishankar told Mike Hosking some of the other airlines making more money are the ones that have recently gone through a downturn. 

He says it's partly nature of the business, but there are also things we're exposed to locally that some of our competitors aren't. 

They’ve also been struggling with aircraft being grounded due to global engine issues, a slower than expected recovery, and rising costs. 

Ravishankar told Hosking he took on a business grappling with a post-Covid rebuild. 

He says up until now, they've been playing not to lose, but now they're building a business that can play to win.  

LISTEN ABOVE  

Air New Zealand is fighting with one hand tied behind its back facing local costs its international competitors avoid.&nbsp;
The national airline's announced a $40 million half-year loss.&nbsp;
The new Chief Executive says airlines are a cyclical business, and New Zealand is disproportionately exposed to local inflation. &nbsp;
Nikhil Ravishankar told Mike Hosking some of the other airlines making more money are the ones that have recently gone through a downturn.&nbsp;
He says it's partly nature of the business, but there are also things we're exposed to locally that some of our competitors aren't.&nbsp;
They&rsquo;ve also been struggling with aircraft being grounded due to global engine issues, a slower than expected recovery, and rising costs.&nbsp;
Ravishankar told Hosking he took on a business grappling with a post-Covid rebuild.&nbsp;
He says up until now, they've been playing not to lose, but now they're building a business that can play to win. &nbsp;
LISTEN ABOVE &nbsp;

Nikhil Ravishankar: Air New Zealand CEO on the company's $40 million half-year loss

Garth Bray joins Ryan to talk business with thanks to Forsyth Barr.

Garth Bray joins Ryan to talk business with thanks to Forsyth Barr.

Leah McKerrow: North Chamber CEO on the call to reverse the ban on card surcharges

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