Credit card holders reduce debt in time of covid

Paul McBeth
Mon, 22 Jun 2020

Credit card holders have been repaying what they owe with month-end balances getting smaller, however, there’s a small but growing value of debt that’s more than 90 days past its due date. Reserve Bank figures released today show there was $6.04 billion outstanding on domestic credit cards at the end of May, down 16.6 percent from the same month a year earlier, and only 5.2 percent higher than April, when the covid lockdown saw balances fall to the lowest since October 2012. While credit card holders have generally been deleveraging, ther...
Listed Companies
Huljich family sells 25% of Pushpay stake
Dan Brunskill | Tue, 14 Jul 2020

The Huljich family has sold a quarter of its cornerstone stake in Pushpay Holdings, one of the rising software company stars. The 14.4 million shares were sold for $123.8 million, or $8.60 per shar...

Property
Housing market rebounds sharply; caution required
Jenny Ruth | Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's lat...

Election 2020
ELECTION 2020: NZ First moves fast to seek political capital from Muller resignation
Pattrick Smellie | Tue, 14 Jul 2020

New Zealand First party leader Winston Peters was quick out of the blocks to issue a statement on the shock resignation of National Party's leader, Todd Muller, this morning. With NZ First polling...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.