The Profit - Inspiring Business in Hawke's Bay

Blog

2020 shapes up as a stellar year

This year is shaping up to be another stellar 12 months for commercial and industrial property in the Hawke’s Bay. Investor confidence remains high and market activity is strong on the back of an outstanding 2019. Yields are likely to compress further on the back of record lows in 2019. The sale of the 19-unit Harvest Lodge Motel in Havelock...

The cost of compliance

It is hard to believe that The Profit is celebrating its 10th birthday and that Williams’ Harvey, has been writing a column for a decade now. I went back over all the articles written and it appears that in a nutshell compliance has been the single biggest change in our sector. Whether in response to economic upheavals such as the...

Looking ahead – what will change

What are your predictions? I can hardly claim this is a prediction, because it is well documented. But certainly, in the immediate term, we will continue to live in a low interest rate environment. For borrowers, this is good news. However, for savers and investors in income assets, it’s not so great. One aspect of this is not fully understood....

More compliance for Trusts

In my last article, I summarised some of the key changes to Trust Law arising from the Trusts Act 2019, which comes into force on 30 January 2021. One of the key changes. The Act aims to make trusts more accessible and to strengthen the ability of beneficiaries to hold trustees to account. In doing this, the Act increases compliance...

Key Tech trends set to emerge

Whether you have a decent grasp on technology or not, you’ll probably be aware that emerging technologies are changing the way we work and interact with others. In fact, with things like machine learning and touch commerce becoming increasingly popular across every industry from banking to healthcare, technology is transforming the way we do business, making hi-tech investment inevitable for...

Time to take stock of employment law compliance

Welcome to 2020 In the rush of business, it is easy to take our eye off the ball when it comes to employment law compliance. The beginning of the New Year is a good time for many businesses to take stock and review changes to employment law and how they may impact on your business. Here is a brief overview...

Iconic Hastings hotel takes on new offering

Hastings’ iconic Angus Inn, once the top business hotel in the city, is now part of a win-win solution to fixing Hawke’s Bay’s housing crisis and the seasonal labour shortage. In its hey day, the Angus Inn was the place to stay — from hosting All Blacks players to politicians, as well as it being booked out on Saturday nights...

From fruitbowl to foodbowl

Hastings was once branded as the Fruitbowl of New Zealand but a proposed $18 million Food Innovation Hub is set to position Hastings and Hawke’s Bay as the nation's food capital. Hastings District Council has been the champion of an idea first put forward by local businessman Trevor Taylor in 2013 to develop a one-stop shop that will be used...

Major Award for Airport Gateway

The Watchman Road Intersection Upgrade Project (The Kuaka Gateway), has scooped the award for Infrastructure Project of the Year at the NZ Airport Association’s annual awards held in Auckland. Sponsored by Beca Airports, the awards were presented at a black-tie event held at The Auckland Museum Events Centre on Thursday October 24th before an audience of representatives from throughout New...

The war for talent – Hawke’s Bay’s Talent Attraction Strategy

Hawke’s Bay is buzzing. Our local economy is one of the best performing in regional New Zealand. Consumer confidence is high, unemployment is at a 10 year low. The labour market is tight and that means that competition for workers (not only in Hawke’s Bay, but around New Zealand) is expected to remain strong. Our businesses are doing well, but...