Story image

Fewer kiwi firms for second year in a row

02 Nov 11

Times are still tough for businesses in New Zealand, and particularly SMBs, the latest figures from Statistics New Zealand suggest.


 

48,950 businesses ceased trading in the year to February 2011, compared with 42,370 starting up. The figures represent the second consecutive fall in the number of businesses in New Zealand, following eight years of increases.


 

Hamish Hill, Statistics NZ business infrastructure and performance manager, says while this is the second fall in a row, it is smaller than the first, at 0.6% compared with the previous year's 1.5%.


 

"The small change in the total number of businesses between February 2010 and 2011 reflects a period of mixed economic activity and uncertainty, in New Zealand and the wider business environment," Hill says.


 

Holding onto employees was a particular struggle for small businesses. The number of people employed in businesses with one to five employees dropped 1.7%, and in businesses with six to nine employees 1.2%. 


 

In contrast, enterprises with 100 or more employees recorded a gain in employees, up 1.8%.


 

Although these large businesses account for less than one percent of all enterprises, they claim 48% of the workforce. 


 

There was some good news, with four in five new businesses surviving their first year of operation. 


 

Statistics NZ notes that as these figures cover the period to February 2011, none of the effects of the Christchurch earthquake will show up in the results. Go here for more.

How blockchain will impact NZ’s economy
Distributed ledgers and blockchain are anticipated to provide a positive uplift to New Zealand’s economy.
25% of malicious emails still make it through to recipients
Popular email security programmes may fail to detect as much as 25% of all emails with malicious or dangerous attachments, a study from Mimecast says.
Human value must be put back in marketing - report
“Digital is now so widely adopted that its novelty has worn off. In their attempt to declutter, people are being more selective about which products and services they incorporate into their daily lives."
Wine firm uses AR to tell its story right on the bottle
A Central Otago wine company is using augmented reality (AR) and a ‘digital first’ strategy to change the way it builds its brand and engages with customers.
DigiCert conquers Google's distrust of Symantec certs
“This could have been an extremely disruptive event to online commerce," comments DigiCert CEO John Merrill. 
Protecting organisations against internal fraud
Most companies tend to take a basic approach that focuses on numbers and compliance, without much room for grey areas or negotiation.
Telesmart to deliver Cloud Calling for Microsoft Teams
The integration will allow Telesmart’s Cloud Calling for Microsoft Teams to natively enable external voice connectivity from within Teams collaborative workflow environment.
Jade Software & Ambit take chatbots to next level of AI
“Conversation Agents present a huge opportunity to increase customer and employee engagement in a cost-effective manner."