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News
NZ power users push back on network costs
15+ hour, 48+ min ago (282+ words) On 13 September, the Major Electricity Users’ Group, whose members include Amazon, Fonterra and Woolworths, released an election manifesto telling all parties to commit to tougher efficiency rules for the country’s 28 electricity distribution businesses. This is not a plea for handouts....
GLP-1 drugs reshape NZ economy before AI
1+ day, 15+ hour ago (290+ words) The consumer shift is not subtle. People on these drugs consume roughly 20% fewer calories and spend about 30% less on groceries. A Cornell University study from January 2026 found households cut grocery spending by about 5% within six months, with the sharpest cuts…...
90% of NZ flyers don't know their airline rights
1+ day, 15+ hour ago (274+ words) Jessica Walker, campaigns manager at Consumer NZ, does not dress it up. “Although we’ve got these rights, airlines don’t have to tell us about them. So what good is a consumer protection if you don’t know it exists?” It is…...
Hornby Quadrant $3b Christchurch warehouse hub
3+ day, 15+ hour ago (417+ words) The land 10km southwest of the Christchurch CBD used to grow apples. The Kain brothers ran their Apple Fields orchards there, and Heinz Wattie’s held a 61-hectare vegetable plot. Today that ground has been assembled into the 150-hectare Hornby Quadrant, and…...
Gas shortage costs NZ jobs as Methanex closes
4+ day, 15+ hour ago (563+ words) B2B News Methanex’s exit turns a policy argument into a workforce emergency For years the gas shortage read like a sectoral squabble – producers, generators and industrial users lobbying Wellington for a friendlier policy settlement. That framing is now obsolete. On 9 September…...
KiwiSaver's $138b governance problem
5+ day, 15+ hour ago (384+ words) KiwiSaver has crossed the point where it stops being a personal finance story and becomes a capital markets one. Total balances hit $138.37 billion across 3,351,406 members as at 31 December 2025, according to the Retirement Commission’s demographic study. That sits inside a managed…...
NZ Vine Care owes IRD $845k in kiwifruit tax crackdown
5+ day, 15+ hour ago (471+ words) NZ Vine Care, a Katikati horticultural labour firm, has been placed into liquidation owing $845,000 to Inland Revenue in unpaid PAYE, GST and accumulated penalties. The striking detail is not the size of the debt. It is that the company ceased…...
Port of Tauranga Stella Passage fast-track win
6+ day, 15+ hour ago (460+ words) For years, New Zealand’s most important freight hub had a problem money could not fix. Port of Tauranga was operating at maximum capacity, unable to take on more freight or international ships because it had run out of berths. When…...
Samson Corp replaces failed builder Vivian Construction
6+ day, 15+ hour ago (542+ words) The Friedlander family’s Samson Corporation, a $2 billion-plus Auckland property business, has been forced to replace Vivian Construction with NZ Strong on a retail and commercial upgrade at 172 Jervois Rd, Herne Bay. Vivian Construction’s website and Facebook page have gone dark,…...
US expert backs NZ gentailer model, warns on break-up
1+ week, 15+ hour ago (292+ words) With calls to dismember the four big gentailers reaching an election-year peak, along comes James Bushnell, professor of economics at the University of California Davis, to muddy the narrative. In an interview published on 7 September 2026, Bushnell said there were “lots…...