Crackdown on land covenants a waste of time, says 2degrees founder Tex Edwards

Crackdown on land covenants a waste of time, says 2degrees founder Tex Edwards
Duopoly buster and 2degrees founder Tex Edwards. (Image: NZME)
Jem Traylen
The Commerce Commission has studied competition in major industries – fuel, supermarkets and building supplies – three times, and three times covenants on land deals have been identified as a significant issue.In a case of ‘fool me thrice’, the government has accepted the commission’s advice to investigate the issue across all sectors, but the founder of Monopoly Watch, Tex Edwards, said it’s just a distracting sideshow.He told BusinessDesk the horse has already bolted on covenants and that spending...

More Economy

Little reason to celebrate GDP data
Economy

Little reason to celebrate GDP data

NZ is no longer technically in a recession but quarter-on-quarter growth was only 0.2%.

Kaya Selby 20 Jun 2024
NZ economy grows a tad in March quarter
Economy

NZ economy grows a tad in March quarter

The GDP lifted 0.2% in March quarter. 

Staff reporters 20 Jun 2024
Current account deficit narrows
Economy

Current account deficit narrows

At 6.8% of GDP, the deficit was larger than the Reserve Bank and Treasury predicted.

Murray Jones 19 Jun 2024
Have we screwed the scrum too far in bank regulation?
Economy

Cameron Bagrie: Have we screwed the scrum too far in bank regulation?

The government's banking inquiry is overdue and welcome. 

Cameron Bagrie 19 Jun 2024