Issues

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How to prepare for a market downturn

Posted by on 11:54 am in Finance, Issues, Tools & Tactics | 0 comments

How to prepare for a market downturn

  News of the Coronavirus has dominated media at home and overseas. On top of the human cost is the economic cost and questions around what an event like this means for the share market and investors. If a significant crash happens due to the virus, where would that leave most Kiwis? There is one thing all New Zealanders with KiwiSaver investments can do in advance… prepare by checking they are in the right fund. Joe Bishop, Kiwi Wealth’s general manager of Customer, Product and Innovation, says the coronavirus and its impact will...

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Back in the saddle

Posted by on 11:46 am in Issues, Tools & Tactics | 0 comments

Back in the saddle

  As staff move back into office-based working, either full time or to start a roster of splitting their time between home-based and office-based ways of working, the impact on our workforce from a mental health perspective needs to be considered. There is no denying that the past few months have been challenging, no matter how resilient you feel you and your teams are. Emerging research shows us there are many detrimental psychological and physical effects of being in lockdown. History, from the Christchurch earthquakes, shows us that...

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Looking westward

Posted by on 11:19 am in Finance, Issues, Tools & Tactics | 0 comments

Looking westward

A trans-Tasman trading bubble won’t cure all our economic boggles The idea of an economic ‘bubble’ between New Zealand, Australia and potentially more Pacific Island nations presents exciting opportunities for some sectors, but we must be clear that it is not a cure for the entire economy. Many key export industries, such as manufacturing, will still be affected by the slowdown in global growth. Businesses should act now to get their plans in order Traditional ways of operating could change significantly, particularly for sectors that rely on...

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Shooting yourself in the foot

Posted by on 11:14 am in Finance, Issues, Property, Tools & Tactics | 0 comments

Shooting yourself in the foot

  The five biggest mistakes small businesses make and how to avoid them Stacey Price, financial coach, accountant and the founder of Healthy Business Finances shares the biggest mistakes small business owners make and how to avoid them. With the evolution of cloud accounting software (think MYOB, Xero, Quickbooks Online), business owners tend to sign up to a software subscription under the impression that because they have chosen an accounting system, the end numbers the system spits out are accurate and reliable. Think again. The old...

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Mortgage holidays – what you need to know

Posted by on 10:57 am in Finance, Issues, Property, Tools & Tactics | 0 comments

Mortgage holidays – what you need to know

  Banks are taking applications for mortgage holidays from consumers affected by COVID-19. So, Consumer NZ looks at the pros and cons of deferring mortgage repayments. What is a mortgage holiday? A mortgage holiday lets you temporarily stop making repayments on your home loan if you’re under financial pressure. Homeowners who are struggling financially as a result of the COVID-19 lockdown can apply to their bank for a six-month mortgage holiday. How does it work? Each bank has its own process. You normally need to fill in an application...

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Post-pandemic property

Posted by on 10:47 am in Issues, Local Business, Tools & Tactics | 0 comments

Post-pandemic property

  Where does the housing market go from here? The latest QV House Price Index data for March provides us with a view of the housing market as New Zealand headed into lockdown on 25th March. But what it doesn’t tell us is what happens beyond the proverbial brick wall that the COVID-19 lockdown created. The data shows the property market was continuing to perform strongly throughout early-mid March, with all 16 of the major cities monitored showing quarterly value growth for the fourth consecutive month, indicating strength right across...

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What Next?

Posted by on 9:28 am in Finance, Interview, Issues, Property, Tools & Tactics | 0 comments

What Next?

  How much damage has the economy incurred and how do we lessen the impact? The Alert Level 4 and subsequent lockdowns were a public health necessity for New Zealand, there’s no doubt about that. Looking abroad at countries fraught with COVID-19 – from over 1.8 million cases and well over 100,000 deaths in the United States, to Sweden (often compared with New Zealand’s Covid response due to the similar size) with over 40,000 cases and close to 5,000 deaths – Kiwis across the board are proud of the Government’s response. Now that we...

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Rushing into trouble

Posted by on 9:17 am in Issues, Local Business, Tools & Tactics | 0 comments

Rushing into trouble

Companies need to make the right decisions – not rash ones As the country heads back to work in what can only be describes as uncertain times, an employment law and HR expert is urging companies not to make rash decisions when faced with the intense pressure of restructuring and redundancies. MyHR CEO Jason Ennor says it is a critical time and the decisions businesses make now could be the difference between success or failure. “It is key to make careful and considered choices that allow businesses to recover quickly, rebuild and set it up...

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Hitting home

Posted by on 8:46 am in Issues, Local Business, Tools & Tactics | 0 comments

Hitting home

  Survey reveals the impact of lockdowns on local businesses More than 63 percent of respondents to a recent survey of Canterbury businesses are reporting significant financial impacts from COVID-19. Over 21 percent cited moderate impact, and over seven percent cited minor impact. The data was gathered as part of a survey distributed to local businesses in early May, during Alert Level 3, by The Canterbury Employers’ Chamber of Commerce and ChristchurchNZ. The survey, sent to more than 4,000 businesses, received more than 470 responses....

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No mistakes: New Zealand can’t afford any boondoggles in the post-COVID-19 recovery

Posted by on 9:54 am in Economy, Issues, Tools & Tactics | 0 comments

No mistakes: New Zealand can’t afford any boondoggles in the post-COVID-19 recovery

    More economic freedom will be the key to surviving the next phase of the COVID-19 recovery, and the Government should step aside as soon as it can, according to a new report For better or for worse: How governments respond to crises by The New Zealand Initiative. Research fellow Dr David Law says empirical data from previous recessions and economic downturns shows the more a Government keeps its hands off the regulatory levers, the faster the economy can return to normalcy. “Though it is understandable the Government wants to...

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