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Chamber of Commerce SouthlandBusiness CentreCorner Leven and Esk StreetsP.O. Box 856, Invercargill
Phone: 03 218 7188Fax: 03 218 7927Email: [email protected]: www.commercesouth.com
Designed and Collated by:Market South Level 4, 5 The Crescent, Invercargill Ph: 03 214 4455 | Web: www.marketsouth.co.nz
In This b2b:
Affordable Southland 3 Dave Rohan on the big deal of home affordability
Craigs Investment Partners 4Vital tips for term investing
What’s the Difference? 6Focus Technology weigh the benefits between laptops and tablet PCs
16 years on – and never looked better
CUE TElEvIsIon
lET’s GET GrowInG
$4.95
How do New Zealand SME’s see the next 12 months?
BUsInEss 2 BUsInEssEdition 1, 2012
m a c p h e r s o n r e a l t y l t d m r e i n z
L i c e n s e d R e a l E s t a t e A g e n t
Jon Irving of Professionals Real Estate presenting Tim Frampton with the Number One Sales Award in the
Professionals Group, New Zealand for the 2011 financial year.
Top National Awardfor Local Man
#1 Salesperson New Zealand 2011Professionals Group NZ
Tim Frampton027 254 [email protected] Dee Street, Invercargill 9810
3
Dave RohanPresident of the Southland Chamber Of Commerce & is also a principal of Rohan Financial Services
The eight annual Demographia International Housing Affordability
Survey covers 325 metropolitan markets in Australia, Canada, Hong Kong, Ireland, New Zealand, the United Kingdom and the United States. It uses the Median Multiple to rate housing affordability – that is, the median house price divided by gross (before tax) annual median household income. To be ranked affordable, housing should not cost more than three times the annual income for a household.
The ratings are:
Rating Median multipleAffordable 3 & under Moderately Unaffordable 3.1 to 4 Seriously Unaffordable 4.1 to 5 Severely Unaffordable 5.1 & over
Historically, the Median Multiple has been similar in Australia, Canada, Ireland, New Zealand, the United Kingdom and the United States, with median house prices two to three times median household incomes. The Median Multiple has risen sharply in the past decade in Australia, Ireland, New Zealand, the United Kingdom and in some markets of Canada and the United States. In New Zealand, the Median Multiple was below three until the early 1990s and below four until the early 2000s. It is now 6.4.
VIEWPOINT - AffORDAblE SOuThlAND
Auckland is the tenth most expensive city in the world, behind Hong Kong, Vancouver, Sydney, Melbourne, Plymouth and Devon, San Jose, London, San Francisco-Oakland and Adelaide.
Queenstown would be right up there if it was big enough to take part in the sample.
As house prices increased during the decade to the mid-2000s, Kiwis were as bad as the rest of the western world, using their houses as ATMs in an excessive, reckless, seemingly endless binge of debt to fund the good life. New Zealand household debt doubled between 1995 and 2006, to over one and a half years of disposable income. It has been falling slowly for a year as households deleverage but the party went on for eight years and the hangover is going to be around for a while. On average, it takes seven years to recover from a global financial disaster - and this latest one was a ripper.
Housing debt makes up about 94% of total household debt in New Zealand and that is a financial millstone.
The New Zealand economy is going to stutter along as households try to reduce debt in the face of economic uncertainty. Many Southland households are simply not in that position, which means our medium-term outlook is better than that of much of the rest of the country.
Why? Well, by my calculations, Southland’s Median Multiple is 2.7, which means our housing is in the ‘Affordable’ category and that is a big deal.
Quality of life factors include high-quality schools, access to parks and open space, a strong job base and a diverse art, culture and sports scene. Affordability of housing is right up there, as well. It is a major competitive advantage for Southland as it ensures that families have adequate income for essential expenses such as food, clothing, health and education.
There are other benefits as well. Affordable housing may improve health by freeing up family resources for nutritious food and health care expenditure. It provides families with greater residential stability and can reduce stress and related adverse health. Stable, affordable home ownership may positively impact mental health by increasing the control that homeowners have over their physical environment and minimising the disruptions associated with frequent, unwanted moves. Fewer moves may also reduce disruptions at home and school for children. And SIT’s Zero Fee scheme would never have worked without affordable housing.
So, affordable living equals an increase in the quality of our lives. Don’t let the secret out of the bag or everyone will want to come here – and increased demand will push up prices.
National Median Multiples12.6
6.7 6.45 4.5
3.4 3.1
0
2
4
6
8
10
12
14
HongKong
Australia NewZealand
UK Canada Ireland USA
Source: 2012 Annual Demographia International Housing Affordability SurveyGraph: Dave Rohan
6.4 6.35.9
5.2 5.1 4.8 4.84.1
2.7
0
1
2
3
4
5
6
7
Auckla
nd
Christ
church
Taura
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Wes
tern B
OP
Duned
in
Wellington
Napier
-Has
tings
Hamilto
n
Palmers
ton N
orth
Southl
and
New Zealand Median multiples
Source: 2012 Annual Demographia International Housing Affordability Survey. Statistics NZ.Graph: Dave Rohan
Household debt as a % of disposable income
0.0
40.0
80.0
120.0
160.0
200.0
1991
Q1
1993
Q1
1995
Q1
1997
Q1
1999
Q1
2001
Q1
2003
Q1
2005
Q1
2007
Q1
2009
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2011
Q1
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S ou r ce: R B N Z .G r ap h : D av e R oh an
TRAININGSEMINARS&fit
MARch 2012
A Guide to Restructuring & Redundancy | NEW Presented by OSEA Category: Employment12 March | 9.00am – 1.00pm$240+GST Member $380+GST Non Member
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Engaging contractors Presented by OSEA Category: Health & Safety20 March | 12.30pm – 4.30pm$240+GST Member $380+GST Non Member
Payroll - calculating holiday Pay & Wages Presented by OSEA Category: Employment21 March | 12.30pm – 4.30pm$240+GST Member $380+GST Non Member
full course descriptions online atwww.commercesouth.com under training.
4
INVESTING IN ShARES fOR INcOME AND INcOME GROWTh
Protection against inflation is key when developing a strategy for your long term investments. Inflation has averaged 2.7% per annum since 2000 and if it continues at this rate, $100,000 today will have the equivalent value of $76,055 in ten years time. Another ten years and it would be $57,843, a 42 % decline.
With the high inflation figures we have seen recently, it is important to properly manage your investments and beat inflation, just to maintain value.
With term deposit rates below five percent and bond yields only marginally higher, investors are turning to high quality shares which offer a solid income stream through dividends.
Dividends are not immune to volatility but they can offer investors a degree of stability and certainty. This is because dividends are connected to the actual company operations, which continues even when financial markets are volatile.
If investors look for stocks that not only pay a dividend but can increase their dividend over time, with some patience, they could earn higher returns.
Retirement village operator Ryman Healthcare has grown its dividends by an extraordinary 19 percent a year over the past 11 years, from one cent per share in 2000 to seven cents in 2011. An investor who purchased Ryman
shares in September 2000 (at $0.36 per share) would have received a gross dividend yield of 2.8%. However, in 2011, thanks to dividend-growth, that same investor would have received a gross dividend yield of 20% from their investment, based on their entry price in 2000. This demonstrates the benefit of long term investing in companies that grow their dividend over time.
Dividend growth has been one of the foundations of our investment philosophy at Craigs Investment Partners for many years. In times like these when interest rates are low and inflation high, this investment philosophy has helped our clients grow and sustain their wealth.
Some investors find the thought of investing in shares too risky but there are ways to mitigate this risk. By diversifying your investments across a number of asset classes, such as cash, property, fixed income and shares, we can help
create a balanced portfolio of investments, taking into account the returns (dividends and capital growth) you would like to achieve along with your tolerance for risk.
Craigs Investment Partners, one of New Zealand’s largest investment advisory and management firms, offers a range of services suitable for all types of investors, including those who are investing for the first time.
To speak with an Investment Adviser please contact the Invercargill branch on 03-214-9939 or our Gore branch on 03-208-9310 or visit www.craigsip.com for more information.
A Disclosure Statement is freely available on request. Please visit www.craigsip.com for more information. This column is general in nature and should not be regarded as personalised investment advice.
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It seems hard to believe it has been 16 years since Southland’s local television was first broadcast to our homes.
In 1996 Mercury Television launched and opened a unique window on our part of the country and our people. Many careers were made (and more than a few broken) over those early years.
In 2002 Mercury TVs long time sports guru Tom Conroy purchased the operation which soon moved from the windy climate of the old National Bank premises on The Crescent to the ground floor of the former State building on Don St. The move coincided with a change of name to CUE TV.
Around this time, CUE TV also launched onto the SKY TV digital platform and formed a close co-operation with Southern Institute of Technology and the SIT distance learning departments which are broadcast nationwide.
In a move that was brought about by some significant technical upgrades, CUE TV are now are based SIT Downtown. The upgrade of all equipment means the local station
now operates entirely on a digital platform. A distinct improvement in the clarity and sharpness of the images seen at home was noticed from the moment of switching to a programme feed from the new studios. General Manager Sheree Carey believes the upgrade has future proofed CUE TV’s capabilities as a broadcaster and a production
house going forward.
The access to CUE TV is directly off the SIT Arcade, making it extra handy for anyone wanting to book any TicketDirect tickets, including all shows at the Civic Theatre, Velodrome, Rugby Park and Stadium Southland.
SPOTlIGhT ON SOuThlAND buSINESS: cuE TV
White Heronfunction and catering centre
White Heronthe
Ph 03 216 607 Fax 03 216 6077 Email [email protected]
Web www.thewhiteheron.co.nz
Corporate catering • Home entertainingOffice lunches • After 5 functions Morning, afternoon teas & suppers
White Heronthe
Journalist and News Reader, christel Price on the new cuE TV set.
6
TAblET VS TAblET
It seems that since the launch of the Apple iPhone we have increasingly – whether consciously or not – chased with vigour the desire to fill our lives with the tools to ‘make everyday life easier’. be this as it may, not all these tools are created equal.
Some of us are quick to make a purchase the minute a new product hits the shelves, while others are content to sit back at wait - and there is plenty reason for you to do just this.
With prices ranging from $650.00 to as much as $1500.00, there are some important differences that the buyer must consider and be aware of before taking the costly plunge.
If you plan on utilising your tablet as a business tool, we cannot stress enough the need for you to first talk to your IT integrator before you buy. Tablets have a wide variety of software available and you should always check first that the device will be compatible with your network and will perform with ease, all the functions that you need it to.
Think about your reason for purchasing a tablet and what you expect to use it for.
A tablet is not a replacement for a laptop. Laptops run a Windows operating system whilst tablets run either an iOS or Android system and the differences between the three
are considerable. What you can do on an iPad you may not necessarily be able to do on an Android device.
A tablet is a brilliant option for those who just want to stay connected while away from their base. Tablets come in a range of options which allow the user to choose from a cheaper Wi-Fi option - which means they can only connect to a Wi-Fi internet connection such as a Wi-Fi hotspot - or a more expensive 3G model which requires a data plan from a 3G cellular network provider.
There is also a phenomenal number of applications available for downloading from the Apple App Store or the Android Market Place. Applications can range from a simple game of Solitaire, through to those that allow you to scan and store an entire library of books or can tell you what song is playing on the radio.
With all these at our fingertips we must still remain aware of the potential to download malicious applications. We recommend you check the security access they require and read any feedback prior to downloading any application.
There is much to think about before making your purchase and whichever device you choose there is a world of fun to be had at your fingertips!
FOUR REASONS TO CONTACT BDO
BDO Invercargill Lexicon House, 123 Spey Street T: 03 218 2959. E: [email protected] W: www.bdo.co.nz
▶ Dave Mitchell▶ Greg Thomas▶ Diane Thornbury▶ Tim Ward
AUDIT • TAX • ADVISORY
FOUR REASONS TO CONTACT BDO
BDO Invercargill Lexicon House, 123 Spey Street T: 03 218 2959. E: [email protected] W: www.bdo.co.nz
▶ Dave Mitchell▶ Greg Thomas▶ Diane Thornbury▶ Tim Ward
AUDIT • TAX • ADVISORY
We’ll
take care
of your
technology.
So you can get
on with running
your business.
leave it to us
P: 03 211 0099W: www.focus.net.nz
a: 176 Spey Street, Invercargill
technology group
7
SPOTlIGhT ON SOuThlAND buSINESSIt all started in 1962 and now nearly 7000 families are living in McRaeway homes.
A private New Zealand owned company based in Timaru and represented across New Zealand, McRaeway Homes celebrate 50 years in business this year, a testimony to the quality of construction and satisfaction of their customers.
With McRaeway Homes it is all about what is right for you, and it’s your choice. The experienced team work with you through each and every step towards your new home - it’s the McRaeway difference.
Tony Bennett, a well know Southland name, heads McRaeway Homes in Southland and is looking forward to showing you the new designs which are being released progressively as part of the 50th year celebrations.
Choose from more than 50 outstanding designs, or supply your own concept sketches or plans which McRaeway homes can price for you.
McRaeway Network Builders are available to build for you, or choose your own builder.
McRaeway Homes project manage your build and make the building experience easy, or build a McRaeway home yourself with one of the many kitsets.
Visit Tony at the McRaeway Homes Invercargill office, between Number One Shoes and Bond and Bond on Leven Street, or visit mcraewayhomes.co.nz
Tony looks forward to helping you make your dream home a reality.
Tony Bennett, Sales Principal: 24 Leven Street, Invercargill Ph: 03 218 6304 / 027 432 8397 Email: [email protected] www.mcraewayhomes.co.nz
“ The experienced team work with you through each and every step towards your new home.”
Tony bennett – McRaeway homes Southland Sales Principal in the leven Street showroom.
8
IS AN ANTI-VIRuS NEcESSARy IN ThIS bRAVE NEW SMART WORlD?
In a world where smartphone and computer tablet uptake is setting records, there are some frequently asked questions amongst new users of these devices. can my phone or tablet get a virus? Should I have an antivirus application installed?
Sad to say there seems to be two answers to these questions. Yes, and No.
Yes, it is possible for a phone to be infected with Spyware, Malware and Trojans. However there is a very fine line between the need of these, and the need for your other apps, to track, trace and report from your device.
In a recent test of free Android antivirus applications, it turned out they all performed miserably when testers deliberately tried installing bugs on their device.
Ryan Whitwam of extremetech.com writes that nearly all the free anti Malware and antivirus applications are worth what you pay for them, ie, nothing. The only app that looked like working properly, ZonerAntivirus could only manage a 32 percent detection rate, so about as much use as a chocolate fireguard!
Before we delve to deep – now is a good time to say that Apple iPhones and iPads are not at near as much risk. This is a very good thing but tempered by the logic that you can only download apps via the Apple iTunes store. In that respect, it is like the old adage of keeping your friends close but keep your enemies closer. Apple vet all the apps available via iTunes to ensure they are virus free.
The Android app market is open to all developers to make their nifty programmes available, in some cases complete with bugs lurking behind the glossy cover. There are definitely certain precautions you can take to make sure you stay squeaky clean and that your private information remains just that.
Stick to the trusted application download sites, Androidmarket.com is the biggest and is owned by Google. While they do not vet every application, they are very quick to react to any reports of suspect software. Third party apps available from seedy looking gamer or geek websites should be avoided.
When you download an Android application, it will show you the “permissions” that programme will need to operate on your device. It is logical that Navigation programme, for example will need to use your GPS or WiFi systems, but you need to beware of applications that demand more permissions than they would seem to require.
For example, why would a camera imaging app need permission to send and receive text? As the article in extremetech.com points out - “so-called ‘SMS Trojans’ are in circulation around the seedier parts of the web. When installed, they text premium rate numbers to
rack up charges. The same concern exists for apps that include phone calling permissions; they could call premium rate numbers without the user’s knowledge.
“Another important permission to be on the lookout for is access to the contact list and Google accounts. If an app has no business looking at this data, there is a chance that it’s just Malware designed to harvest user data for spamming or phishing scams. The only time one might expect to see this permission is in apps that autocomplete contact names, or handle legitimate messaging actions.”
Make sure you read plenty of reviews from other users before downloading apps, as they will give you a pretty good guide. Googling reviews online of these applications will also be a great help in keeping your electronic nose clean. The store you bought your device from is bound to have a resident geek who would happily yap for hours on the subject, so feel free to pick their brains! They will probably help you set your phone or pad up with an amazing selection of reliable and useful apps that will open a whole new world to you and likely make you wonder how you survived without a smart device for so long. Have fun!
Where to go: For android device apps you can check the Google-Android market selection here https://market.android.com/ From your android device use the dedicated “Market” button to go straight to the download section. For Apple apps you can see the range here http://itunes.apple.com. Again, use your devices direct link to access the apps on your i device.
Local, just like youWe’ve launched a brand new face-to-face service created for local businesses in Southland.
Our job is to get to know your business inside out and recommend the right landline and calling plans, broadband and mobile solutions to keep your business connected and give you the competitive advantage.
And what’s more our advice to you is FREE.
Find out more 0800 784 482 [email protected]
business hubSouthland
3-0 02345 BUS Biz Hub Southland Chamber of Commerce Ad 210x99.indd 1 17/08/11 2:30 PM
9
has the shadow cast over New Zealand by the recession finally started to lift? That seems to be the message coming for the 969 small–medium enterprises who responded to the inaugural GrowthGuide Survey.
Conducted in June 2011, the survey questioned owners and managers of small-medium businesses (generally businesses with less than 20 staff) from all corners of the country (although skewed slightly towards provincial New Zealand), across a range of sectors and of various business ages.
Average business Revenue: $3.4mAve. Number of full Time Employees: 12Exporters: 11%**another 4% are intending to export in the year ahead
The consensus: “Things are looking up”
Fifty percent of businesses surveyed forecast revenue growth for the year ahead. Particularly bullish in their prediction of accelerating growth are the tourism, manufacturing, finance and insurance sectors.
Given some of the ongoing issues with the national economy you might wonder where all this optimism springs from. One of the biggest growth drivers is a strong expectation among businesses of acquiring new customers, with 77 percent of them planning to ramp up their efforts in that area.
Of course, that kind of activity is going to be noticed by the rest of the market and it is likely that companies will need to work hard to retain new and existing customers.
There are big challenges ahead for the small-medium enterprises who want to realise these growth ambitions. In fact, along with the idea that growth momentum is
accelerating, one of the other key themes of the report was the value of ongoing planning and monitoring. Optimism, as ever, is no substitute for insight.
One of the main concerns raised was the lack of desire among these businesses to expand by way of export growth. Over 80 percent had no intention of developing export markets. This is a challenge to the broader New Zealand economy.
What are the other key challenges to growth, and what are the opportunities?
If you own or manage a small-medium enterprise, these articles in upcoming editions of B2B should inspire you to take action to improve your businesses performance.
It will be interesting to check back on these figures when the next survey is carried out.
While every effort is made at the time of publication to ensure the information contained here is correct, we urge you to not rely on this information or part thereof in making any business decisions without seeking further consultation from appropriate sources.
The information relayed here is intended as a guide and MDP or B2B Magazine will not accept any liability for any loss or damages that may arise by failure to heed this disclaimer.
lET’S GET GROWING
Chartered Accountants and Business Advisors
Phone 0800 10 30 10www.mdp.co.nz
Our partners will provide your business with straightforward answers and a clear direction to grow your business to its full potential.
Speak to one of our Business Advisors now for a better business vision
McIntyre Dick & Partners Limited - Business Expertise
YOUR BUSINESS ADVISORS
10
WhK Southland’s new Managing Principal Neil McAra, is confident about the future for the firm and clients as he begins his new role.
Former WHK Southland Managing Principal Phil Mulvey is now National Chief Executive.
“There are opportunities we can help our clients take advantage of. Some businesses are still struggling, but we certainly see there are opportunities as the economy slowly improves.”
Mr McAra, who became Managing Principal for WHK Southland in January, said WHK was constantly looking at ways to help clients do business.
“WHK is fortunate in having the ability to tap into a national network of expertise while still delivering local service to our local clients.”
Mr McAra said the national network gave them access to a streamlined and well-resourced pool of advice.
“We have a fantastic team here and nationally we do a great job for our clients. We have aligned ourselves for the future so we can deliver more.
“Aligning our back office and service lines is going to give our clients an advantage and will assist our staff development as well,” he said.
With nearly 20 years experience in the field, Mr McAra said the Managing Principal role was an exciting change.
“I have a vision for where WHK Southland is going and I’m relishing the challenge to lead
our business and help our clients succeed.”
He sees a key focus area in succession planning.
“The age profile of business owners across all sectors shows if they haven’t done it already, then succession planning is one area they need to think about. A good succession plan can maximise the value of the business, but it has to be done properly over a period of time.”
“A lot of younger potential business owners can be more risk-averse, so it’s not just a matter of saying ‘I want to sell up and retire’. They have to be actively looking at those succession options.”
Neil McAraManaging Principal WHK, 173 Spey Street, Invercargill Phone 03 211 3355 Cell 0274 845 695
WhK 2012 uPDATE
“ There are opportunities we can help our clients take advantage of. Some businesses are still struggling, but we certainly see there are opportunities as the economy slowly improves.”
11
It is becoming increasingly common for Southland businesses to include non-competition and restraint of trade covenants in their contracts with employees and contractors.
However, often a standard clause is used and little thought is given to the scope of the restraint until the business wishes to enforce it. This can prove to be a big mistake as a restraint that is too restrictive and not tailored to your business may well be unenforceable.
The basic rule of law is that contracts or terms that restrain a person from engaging in a trade or profession are prima facie void and unenforceable because they are contrary to public policy. A person wishing to enforce a restraint of trade must apply to the Court under the Illegal Contracts Act 1970 for an order validating it or modifying it and enforcing it as modified. The Court will only uphold and enforce a restraint of trade to the extent that it is found to be reasonable.
There is no simple test to determine whether a restraint is reasonable. It very much depends on the circumstances, particularly the nature of your business and the role of the relevant employee or contractor. There are however some factors the Court will consider. Reasonableness is determined at the time the contract was entered into, so before including a restraint of trade in a contract for your business, ask yourself these questions:
1. Is there adequate consideration for the restraint? You must offer an incentive in return for the employee or contractor agreeing to the restraint. At the start of an employment relationship, the offer and acceptance of employment itself is likely to be sufficient consideration for the grant of a restraint of trade. The same could arguably be said of a services contract. The important point to remember is to turn your mind to whether there has been consideration for the restraint.
2. Is there a legitimate proprietary interest to protect? It is generally accepted that the interests a business may legitimately seek to protect include confidential information, trade secrets, client information, business goodwill and intellectual property. Consider whether there is another means of protecting the interest and whether it is (or should be) included in the contract. The Court may be unwilling to uphold a restraint of trade if another provision, such as a well-drafted non-solicitation clause, is sufficient to protect the interest or would have been sufficient had it been included in the contract.
3. Is the duration of the restraint reasonable? A restraint may be invalid on the grounds that the duration is excessive. The restraint should be long enough to allow you to take steps to protect your legitimate proprietary interest, but not longer. For example, a retail business is unlikely to need a full 12 months to cement the customer relationships of a departing junior employee, whereas a software business may need much longer in order to protect its intellectual property after the departure of a senior software designer.
4. Is the area of the restraint reasonable? The geographic area of the restraint should correlate to your business operations. A Southland-based business would need good reason to justify a restraint that extends beyond the region. If a business operates primarily in Southland and Otago for example, a New Zealand-wide restraint is unlikely to be reasonable. Also to be considered is the area in which the employee or contractor works in.
5. Is the scope of the restraint reasonable? Some restraints are very broad. Rather than seeking to prevent the employee or contractor from targeting customers of the business, they try to stop them being involved in a wide range of businesses or dealing with similar products or services. Such restraints are potentially so restrictive as to render the entire restraint unreasonable and therefore unenforceable.
If a restraint leaves an employee with no choice but to continue working for the current employer or leaves the employee with no prospect of gainful employment at all, the Court will be reluctant to uphold the restraint.
A restraint of trade can provide important protection for your business but beware - to be enforceable, a restraint of trade must be reasonable. Remember one size does not fit all and a restraint is more likely to be enforced if it is tailored specifically to your business and the particular employee or contractor.
Please remember, this information is designed as a guide only and shouldn’t replace the advice of your legal professional.
We welcome your comments: [email protected].
SOuThlAND buSINESSES bEWARE - DON’T GET cAuGhT WITh AN uNENfORcEAblE RESTRAINT Of TRADE
Jessie ParkerAWS Legal
12
Since 2005 the Sir Peter Blake Trust has established an outstanding community of 50 Blake Leaders - people from all walks of life who have turned their dreams into reality and encouraged change in their communities.
The Leadership Awards are conferred on the first day of the Sir Peter Blake Leadership Week, in which businesses, schools and organisations take part in events which celebrate leadership.
Nominations, which close on 30 March 2012 are encouraged from all sectors of society.
Criteria for the awards are listed below:
The Blake Medal The Blake Medal is the premium award for outstanding leadership achievement in New Zealand. Its purpose is to identify, acknowledge and celebrate great New Zealand leaders who have made an outstanding contribution to this country.
The Blake Medallist will have:
Shown outstanding leadership over a sustained period of time
Demonstrated the ability to build and lead successful teams
Displayed some, or all, of the following characteristics - determination and the will to succeed; belief in achieving extraordinary things; a willingness to learn; a desire for constant improvement; the initiative to pursue an idea; trusting and empowering teammates; working hard; having fun
Shown integrity
Demonstrated a commitment to New Zealand (and be a New Zealand citizen)
The Sir Peter Blake Emerging Leader Award The Emerging Leader Awards are conferred to individuals with the determination and will to succeed and a belief in achieving extraordinary things.
The Emerging leader will:
Be aged between 25-40 years old, although outstanding nominations outside this range will be accepted
Show outstanding leadership
Demonstrate the ability to build and lead successful teams
Display some or all of the following characteristics - determination and the will to succeed; belief in achieving extraordinary things; a willingness to learn; a desire for constant improvement; the initiative to pursue an idea; trusting and empowering teammates; working hard; having fun.
Show integrity
Demonstrate a commitment to New Zealand and be a New Zealand citizen
how to nominateRequest nomination forms by emailing Programme Director, Siobhan O'Kane at [email protected] or call 09 307 8875.
The Southland Chamber Of Commerce office also has nomination forms on hand at the corner of Leven and Lower Esk Streets - Ground floor, Menzies Building.
ThE SIR PETER blAKE TRuST 2012 AWARDS - NOMINATIONS
“ There are leaders and there are dreamers. leaders make things happen. Dreamers have a vision. The truly special people do both. True leaders dare to dream. They are willing to stand tall and put a stake in the ground, to believe. It's their vision, their ability to inspire and their belief that makes them stand above the rest.”
13
yOuNG ENTERPRISE SchEME: SEEKING buSINESS MENTORS fOR 2012
After the huge success in 2011 of the young Enterprise Scheme in Southland, the stage is set for the 2012 intake of budding entrepreneurs.
Under the YES programme, year 12 and 13 students form their own company and create a new product or service. The students gain many skills including, business planning, leadership, marketing, finance, production and teamwork.
Mt Aspiring College team ‘Back Black’ were always going to be a hard act to beat in 2011, with the initial order for their Roll ‘n’ Go face paint tubes made for 40,000 units. The Wanaka based team won national awards for the project, including ‘Most Profitable Company’ and ‘Best Marketing Plan’.
Students start the exciting experience with an ‘E-Day’ where the format and timeframes are laid out. Any Chamber Of Commerce members who would like to be involved as business coaches would be most welcome.
The students appreciate your words of wisdom and you could gain fresh insight into the minds of your upcoming customers. It is great fun too!
Contact Jo O’Connor on 03 218 7451 or visit www.commercesouth.com and click on the YES logo for more information.
Upcoming Training NZIM | Presentation Skills 5 - 6 MarchNZIM | Managing the Performance of Your Staff 6 MarchNZIM | Essential People + Communication Skills 7 MarchNZIM | Effective Business Writing 8 MarchNZIM | Accounting for Non Accountants - Stage One 15 - 16 March
NZIM | Delivering Great Customer Care 18 AprilNZIM | How to Handle Difficult Customers 18 AprilNZIM | How to Manage your Manager + your Office 19 April
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Mount Aspiring College’s successful “Back Black” team from 2011.
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In March 2003, Ronald McDonald house South Island opened its doors and Invercargill family, the Smails, were the first ones to stay while 10 year old Taryn was undergoing hospital treatment. Earlier this month Trumpcard, the locally developed fundraising network that utilises a loyalty card type system, released its Ronald McDonald House South Island Trumpcard and first in the queue to receive them were Taryn Smail and her family.
“Ronald McDonald House South Island provided fantastic support for my family and me when we needed it, and I’m very happy to now be able to support them simply by doing my usual shopping and swiping my Trumpcard,” says Taryn.
Trumpcard CEO Neil Selman says, “We’re glad to have Ronald McDonald House South Island included in the Trumpcard network.”
“The beauty of Trumpcard is that people like Taryn can support great causes like Ronald McDonald House South Island without having to dig into their pockets. All they have to do is pick up their fundraiser’s Trumpcard and swipe it while shopping at
participating Outlets.”
The Ronald McDonald House South Island cards have been sponsored by Ray White Real Estate who were keen to demonstrate their support for the cause.
To learn more about Ronald McDonald House South Island go to www.rmhsi.org.nz. To find out more about Trumpcard go to www.trumpcard.co.nz or contact Neil Selman on 021 682 255
A fAMIly Of fIRSTS
buSINESS bRIEfS
Rewarding Loyalty and Fundraising
rumpcard
Taryn Smail swipes her Ronald McDonald house South Island Trumpcard while shopping for gifts at Toyworld.
listed companies Slowest Payers
Publicly-listed firms took nearly a week longer than private firms to pay their bills in the three months to December 2011, according to debt collection agency Dun & Bradstreet.
While payment terms for private companies were on par with the national average of 44.6 days, their publicly listed counterparts averaged payment terms of 51 days, 2.2 days longer than the previous quarter and 5.8 days longer than the same quarter a year ago.
The D&B Trade Payments Analysis for the December 2011 quarter also found that:
businesses averaged a payment term of 45.2 days during the 2011 calendar year, representing an increase of nearly a day from 2010;
52% of businesses were more than a day late in settling their accounts, with almost
5% of all firms 30+ days late;
the forestry sector was the fastest to pay (39.4 days), while the electric, gas and sanitary services sector was the slowest paying group (52.8 days);
large firms of 500 or more employees were once again the slowest paying group (48.8 days), and businesses with 6-19 employees were the quickest to pay (42.7 days); and
firms based in Auckland took the longest to pay and Christchurch firms were the fastest to pay.
Boomers and Gen Y Back Seeking credit
Baby Boomers and Generation Y are back in significant numbers seeking credit. Latest statistics from the country’s largest credit bureau (Veda) show that after two years of falling demand, 2011 was a year when
consumers turned back to credit cards and mortgages. However, Veda also notes that consumers are not showing the same levels of confidence as before the Global Financial Crisis and signs of a deteriorating global economy this year may serve to dent confidence again. Some findings:
customer credit card enquiries were up 11.85% in 2011 compared with 2010 while Baby Boomer enquiries were up 23.50%;
mortgage enquiries were up 12.8% for the 2011 year compared with 2010 (with Gen Y leading the generational breakdown on those seeking mortgages); and
the number of consumers defaulting on bills and loan repayments fell by 18.29% in 2011.
Thanks to Bulletin Aotearoa for portions of this content. www.ruralwomen.org.nz
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VOlATIlITy cREATING lONG-TERM WEAlTh OPPORTuNITIES IN 2012Short-termism has driven markets at the expense of long term investment thinking during a markedly volatile 2011. however, this has created what hSbc Global Asset Management believes to be a potentially strong set of investment opportunities for 2012 for those with a longer-term perspective.
Many investors have flocked to ‘safe havens’ this year, forcing government bond yields to the lowest levels for a generation, which puts some in a position where returns are negative when inflation is taken into account. Combined with the negative fundamentals such as high debt levels, government bonds of developed markets do not represent good value on a medium term basis.
HSBC New Zealand, Head of Wealth, Glen Tonks says, “To date, frequent rotations in sentiment in markets reflects the fact that officials have been applying a ‘sticking plaster’ approach to addressing fundamental problems – acting only when faced with severe market pressure, and only then delivering just enough to stem the tide in the short run. With this context, at the forefront of investors’ minds is concern around European policymakers being able to deliver a comprehensive long term solution to deal with the Eurozone crisis.
“With strong fundamentals and high growth potential, Asia could provide an attractive investment option in the current lower valuation environment. In New Zealand, we have started seeing increased customer interest in emerging market currencies, such as the RMB, rather than the usual suspects the USD, GBP and EUR. This has been a twofold strategy by customers reflecting the desire to diversify currency holdings and invest into faster growing economies with currently stronger fundamentals.
“These may be difficult times, but it’s important to stay on track and focus on the long-term. The key messages to investors are to focus on realistic wealth goals, take a long-term approach and of course a well diversified investment portfolio. There are opportunities in turbulent times and it is vital investors stay close to their investments with regular reviews."
Many companies are in solid financial shape, having applied their own austerity measures, thus reducing the probability of a default.
These factors support the positive outlook for corporate bonds especially at the high-yield end of the spectrum and in Asia, where fundamentals are relatively stronger.
Solid corporate health and very attractive valuations also support HSBC’s positive view on equities in 2012, which are now trading at very attractive levels relative to history. Within equities, emerging markets looks particularly attractive, due to stronger fundamentals than developed markets.
HSBC Global Asset Management’s Global Chief Investment Officer for Wealth, Simona Paravani said, “Global emerging markets will continue to grow as increased wealth leads to higher levels of domestic consumption. Driven by factors such as industrialisation and urbanisation, as well as more robust fiscal positions than
many Western economies, our outlook for emerging market economies remains strong. From an investment point of view, this suggests a positive stance towards equities, emerging market currencies and Asian bonds.”
A combination of inflation and the industrialisation of emerging markets favour physical assets like property and commodities. Russian equities, currently priced lower than historic levels, benefit from the positive outlook for oil and hard commodities although political risk remains a source of market volatility.
In the export-heavy Asian countries, the global slowdown has clearly had an impact but HSBC still views the backdrop favourably, with economies offering stronger growth than the West. Inflation is showing signs of moderating and supportive fiscal policies are likely to have a bearing in 2012, which would be positive for the region’s economies and equity markets.
Within Asia, Chinese equities are currently attractive, with the market trading on about eight times 2012 earnings. Rapid rises in residential real estate prices could reverse and become destabilising to parts of the economy, but HSBC believes a soft landing is the most likely outcome.
HSBC’s Head of Wealth Development, Hong Kong, Retail Banking and Wealth Management, Eric Fu said, “In a period of prolonged volatility, as investors continue to search for yield and value, diversification and long-term investing have become all the more relevant. Before the crisis, people tended to park their assets in investments without doing anything further with their portfolios. Investors can no longer afford to take a passive role. Today, a long-term approach means staying invested through the peaks and troughs by reviewing your portfolio regularly to rebalance, capture market opportunities and mitigate further risks.
“With the help of a trusted professional advisor, both sophisticated and new investors can move from a product-driven to a financial planning-driven approach to wealth management to help achieve more balanced and sustainable growth for your hard-earned wealth.”
The HSBC EMI is released quarterly and is available in the HSBC News Room at www.hsbc.co.nz.
The above material has been provided for general information only and is not intended to constitute an invitation offer to subscribe or purchase any security, product or service. The above does not constitute personalised investment advice. Any opinions in this document constitute our present judgement, which is subject to change without notice. Although every effort has been made to ensure its accuracy, it should not be relied upon or used as a basis for entering into any products or making any investment decisions. Readers should seek independent legal/financial advice prior to acting in relation to any of the matters discussed in this publication. Neither HSBC nor any person involved in this publication accepts any liability for any loss or damage whatsoever that may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in this publication. HSBC in New Zealand is the Hongkong and Shanghai Banking Corporation Limited, incorporated in the Hong Kong SAR with limited liability, acting through its New Zealand branch.
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