Newsletters

Newsletter - November 2024

Glass Half Full
 
Having just returned from a seven-week overseas holiday it is evident that New Zealand, despite some naysayers and negative media sentiment, is turning the corner and is fast becoming a place of opportunity. Whilst my trip was all about reconnecting with friends & family, I took time to read the papers and listen to the occasional news item – and visited the UK, Ireland, Canada and USA/New York. 
 
Everywhere is concerned about cost of living, education, health, national debt, infrastructure etc. so these are Western challenges, not only for New Zealand to address alone. Moreover when I look at:
 
 UK – the new Labour Government are having to make a silk purse out of a “sow's ear” economy and are rapidly losing the faith of some of their supporters
Ireland & Scotland – they are just cracking on and having fun – the pubs were pumping on Mon and Tue nights – well at least the ones we went to were!
Canada – the vibe is that Trudeau is out (stale) and they are ready for a change
USA/New York – and I thought Auckland traffic was nuts – crikey, NY takes it to another stratosphere. The drums are beating for Trump, and people are voting the party, not the man (except the rust-belt who just love the man…..IMHO)
 
As we landed back in New Zealand, I started reflecting on:
 

• reducing interest rates
• reducing inflation
• a public company reporting season that is showing green shoots (or at least the bleeding has stopped for many)
• greater enthusiasm from Tabak buyers to get into their own business
• more enquiry from vendors
• a near record value of business sale confirmations in the first six months of this FY

It is clear to me that New Zealand’s glass is more than half full, and we should be charging forward with enthusiasm & optimism. It is the myriad of unsung heroes, and home grown success stories that I continue to read about on Business Desk & NBR (and hardly ever in the mainstream press) that give me enormous hope for the future. Moreover, I personally am also pleased to see accountability for delivery from our politicians, who are at least trying to get things done.
 
In summary, New Zealand remains a great place to work and play, so please take some time to review the opportunities in this month’s Listing Summary, as one of them might represent you starting on (or continuing) your journey of self-fulfillment and wealth creation!

Damien Fahey; Partner
Tabak Business Sales, Christchurch