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Consumer Trends Shift in Latest Survey Results
Consumer Trends Shift in Latest Survey Results

11 August 2024, 11:45 PM

The 2024 New Zealand Consumer Survey, marking its fifth edition, has provided fresh insights into consumer behaviours and attitudes. Conducted entirely online for the first time, this survey involved 3,500 participants and was a collaborative effort between MBIE’s Consumer Services and the Commerce Commission.The survey highlights a significant drop in reported consumer problems, decreasing from 55% in 2022 to 41% in 2024. Despite this overall decline, issues related to motor vehicles purchased from private sellers have surged to 22%, well above the 12% average. The cost to repair these problems has also risen, now averaging over NZ$12,000.In terms of dispute resolution, 68% of consumers who encountered problems took action. However, only 17% sought help from dispute resolution services, a modest increase from 11% in 2022. A major barrier remains a lack of awareness about these services.Online shopping trends continue to rise, with 93% of consumers making online purchases recently. The frequency of online shopping has increased to 65%, and online transactions report fewer problems compared to offline purchases.Consumer awareness of rights remains robust, with 94% aware of New Zealand’s consumer protection laws. Nevertheless, those with less understanding are less likely to pursue resolutions when issues arise.This survey offers valuable data on consumer confidence and behaviour, guiding future consumer protection efforts.

Kiwi Economy Shows Signs of Regional Recovery
Kiwi Economy Shows Signs of Regional Recovery

11 August 2024, 8:19 PM

The Kiwi economy is displaying signs of recovery, with regional scores on the rise for 2024, according to Kiwi Economics. Chief Economist Jarrod Kerr and Senior Economist Mary Jo Vergara, along with Economist Sabrina Delgado, highlighted the modest yet positive changes in economic activity.The latest regional heatmap reveals an improvement from mostly low scores to a mix of 3s, 4s, and a notable 5. Southland tops the list with a score of 5, driven by a robust building boom. Despite Auckland's strong population growth, its economic activity remains subdued. Wellington, in contrast, continues to struggle, maintaining a score of 2 due to reduced government spending and hiring freezes.While Southland and Otago show considerable progress, other regions like Northland, Waikato, and Hawke's Bay have seen their scores rise to 3. This is a step up from last year’s dismal performance but still reflects moderate activity. Otago benefits from a rebound in tourism, while Canterbury’s score of 4 is bolstered by post-earthquake reconstruction, despite ongoing drought challenges.The forecast for 2024 is cautiously optimistic. Economists expect inflation to ease, interest rates to decrease, and business confidence to recover. "Next year should bring further improvements as economic conditions continue to thaw," Kerr stated. Despite ongoing challenges, the overall outlook suggests a gradual economic uplift as rate cuts stimulate investment and consumer confidence.For now, regions across New Zealand are adapting to a slowly warming economic climate, with hopes for a more robust recovery in 2025.

Auckland Mayor Proposes Overhaul of Transport Agency
Auckland Mayor Proposes Overhaul of Transport Agency

11 August 2024, 6:44 PM

Auckland Mayor Wayne Brown has proposed a major restructuring of Auckland Transport (AT), suggesting it should become a council-controlled organisation (CCO) with a focus solely on service delivery. The proposal includes removing AT’s planning and strategy functions and transferring these responsibilities to elected representatives.In a statement supporting the Mayor’s plan, Auckland Ratepayers’ Alliance Spokesperson Sam Warren expressed strong approval. “Mayor Brown’s proposal is on the mark,” Warren said. “Auckland Transport’s independence looked good on paper, but the reality has been something else.”Warren criticised AT’s current operational model, describing it as having a “we-know-best arrogance” that has alienated many Aucklanders. He argued that the perceived distance between the Mayor, councillors, and AT has allowed the transport provider to pursue its own agenda, which he claims does not align with the needs of the public.“The region’s transport provider has had virtually free rein,” Warren continued. “Aucklanders just want the basics done well. No amount of spin from AT will change the feeling of your bus being delayed or your train cancelled.”Warren also called on Local Government Minister Simeon Brown to collaborate with the Mayor to enact legislative changes that would significantly alter AT’s operational structure. “Restoring a sense of accountability to Auckland Transport is desperately needed,” he said.

Renewable Energy Push Raises Food Prices
Renewable Energy Push Raises Food Prices

11 August 2024, 12:01 AM

The shift towards renewable energy, such as solar and wind power, is influencing food prices and agricultural output, according to a recent study.Researchers Professor Emilson Silva from the University of Auckland and Dr Luccas Attílio of the Federal University of Ouro Preto analysed data from 32 OECD countries, including New Zealand, from 2000 to 2021. Their study highlights that while renewable energy offers significant environmental benefits, it also has notable economic side effects.“Our findings show that the energy transition is not a neutral process and that it carries significant consequences,” said Professor Silva. “It directly impacts people's lives.”The study indicates that countries more advanced in their renewable energy initiatives face higher food prices and reduced agricultural production compared to those slower in adopting green energy solutions.“This evidence highlights a critical challenge,” Professor Silva added. “As the push for renewable energy intensifies, so does the pressure on vulnerable populations who bear the brunt of rising food costs.”Director of the University of Auckland’s Energy Centre, Professor Emilson Silva.The researchers suggest that governments should implement income support programmes and adopt balanced strategies to mitigate the adverse effects on low-income households.The working paper, titled ‘Does the Energy Transition Affect Food Prices and Agricultural Production?’, was inspired by observations of increased protests from farmers in Australia and other nations against higher production costs related to climate policies and renewable energy installations.Professor Silva’s study calls for careful consideration of the social impacts of green energy policies, emphasising the need for comprehensive solutions to support those affected.

Police, Customs Bust International Drug Syndicate
Police, Customs Bust International Drug Syndicate

08 August 2024, 6:56 PM

A major international drug syndicate has been dismantled following a joint investigation by Police and Customs. The operation targeted a Mexican crime group operating out of central Auckland, leading to the arrest of three Mexican nationals and the seizure of 180 kilograms of methamphetamine.The investigation, known as Operation Fix, spanned three months and concluded with enforcement actions over the past fortnight. On 26 July, Customs officers discovered approximately 175 kilograms of methamphetamine concealed in a shipment of scrap metal at the Port of Tauranga. This shipment had arrived from Mexico.The operation intensified on Monday when Customs alerted Police, resulting in the arrest of a 32-year-old man at Auckland Airport. This arrest led to further search warrants at hotel rooms and Airbnb units in Auckland's CBD, uncovering an additional five kilograms of methamphetamine.Detective Inspector Tom Gollan reported that the seized methamphetamine is estimated to have a retail value of around $63 million. The three men, aged 23, 27, and 32, are facing serious charges, including participation in an organised criminal group, importation, possession, and supply of methamphetamine.Customs Investigations Manager Dominic Adams praised the operation as a significant success in preventing major criminal activity and protecting communities. This marks the twenty-seventh transnational crime cell disrupted by the National Organised Crime Group and Customs in the past seven years. Further investigations are underway to determine any connections to specific Mexican cartels.

Students Transform State House for Future Apprenticeships
Students Transform State House for Future Apprenticeships

07 August 2024, 6:23 PM

The ambitious transformation of a 1970s ex-state house at One Tree Hill College is underway. The project, led by trades teacher Charlotte McKeon, offers students practical experience for future trade apprenticeships.The students are hard at work, tearing down walls and pulling up floors, aiming to turn the house into a healthy, dry home. This initiative, supported by Kāinga Ora, gives students hands-on experience and prepares them for employment in the trades. The completed house will be auctioned in December, with proceeds funding the programme's continuation and expansion."Students were here early in the morning, even in the rain," said McKeon, who is also in the third year of her architecture degree at the Faculty of Creative Arts and Industries, University of Auckland. "We can’t keep them away. It’s a wonderful problem to have such enthusiastic students."About eight students work on the house at a time, supervised by McKeon and a licensed builder. Despite only having an hour during trade class periods, many students volunteer for Saturday classes to spend more time on the project.The social housing agency provided the home for a nominal fee and arranged its transport to the college. This project is part of Kāinga Ora’s efforts to support trade apprentice training and develop skilled workers.The house will be upgraded to a certified Homestar level seven home, making it more sustainable and cost-efficient. The initiative also involves 17 young women, supported by Women in Trades, a non-profit promoting trades as a viable career path for women.McKeon, who started as a metalwork teacher before studying architecture, finds the project rewarding. “The joy of learning and seeing opportunities for improving building practices makes getting up very early every morning worth it. Life is busy anyway, and you might as well be frantic doing something you love.”Upon completing her bachelor's degree this year, McKeon plans to pursue a master’s degree, focusing on improving state houses for warm, comfortable, and affordable living. “The sooner we can do that with our stock in New Zealand, the healthier our people will be – and that will be better for all of us.”

Powerball Jackpot Reaches $38 Million
Powerball Jackpot Reaches $38 Million

07 August 2024, 3:59 AM

Powerball is set to soar to $38 million tonight, offering one of the largest jackpots in recent history.Earlier this month, Lotto NZ celebrated over three decades of thrilling draws, with the first Lotto draw held on 1 August 1987. That inaugural event produced a prize pool of $1,028,024, with a first division prize of $359,808. Four winners, including a Devonport pensioner and an Invercargill City Council employee, shared $89,952 each.Despite the significant sums awarded back then, they pale in comparison to today's jackpot. The massive $38 million prize has rolled over from previous draws, capturing the excitement and imagination of Kiwis nationwide.Since 1987, Lotto NZ has created 1,187 millionaires and distributed more than $15.4 billion in prizes. Additionally, over $6 billion has been returned to local communities, supporting numerous community groups, charities, and initiatives."The support of lottery funding has helped foster strong and sustainable communities for over three decades and will continue to do so into the future," said Lotto NZ CEO Jason Delamore. He extended gratitude to players for their continued support and participation.Lotto NZ encourages players to buy their tickets early to avoid the rush on draw day, both in-store and online.The draw will take place tonight at 8 pm. Will someone hit the big one? All eyes are on tonight's draw to see if another Kiwi will join the ranks of Lotto NZ millionaires.

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