Covid-19 gets into most Beehive spin these days, including the Catalist Market, climate change and predator eradication

While small- and medium-sized enterprises (and many others) were grappling with the massive implications of the Climate Change Commission’s report, more agreeable news has emerged from the Beehive.

The government has granted a licence to a new share trading market, Catalist Markets Ltd, which has been described as a stock exchange for smaller companies.  It is expected to provide a simpler and more affordable ‘stepping stone’ for SMEs to raise capital.

Catalist​ chief executive Colin Magee told Stuff the NZX was only economic for larger companies, not the high-potential smaller companies Catalist would be trying to attract with an initial value of $6million to $60m.

In the first five years Catalist was aiming to get up to 200 companies, Magee said.

In time, he hoped, a portion of some KiwiSaver funds would be invested in shares in companies on the Catalist market. Continue reading “Covid-19 gets into most Beehive spin these days, including the Catalist Market, climate change and predator eradication”