A competitor's view of $280m govt investment in NZ Post

A competitor's view of $280m govt investment in NZ Post
Jenny Ruth
If you run a business that competes head on with a government-owned business, you're unlikely to be happy that the government hands your competitor $280 million to prop it up.That's the situation Freightways has found itself in. Last week's budget allocated New Zealand Post $130 million over three years "to support the continued service delivery and future of mail services," and another $150 million of additional capital.Freightways, which operates under a number of brands including New Zealand Couriers, Post Haste Courier...

More Finance

Cost-benefit issues in spotlight amid RBNZ review
Finance

Cost-benefit issues in spotlight amid RBNZ review

The Reserve Bank of NZ had received 42 submissions to the review.

ANZ vows to fight CCCFA class action despite ASB settlement
Finance

ANZ vows to fight CCCFA class action despite ASB settlement

“ANZ NZ will continue to defend its case. Our position hasn’t changed.” 

Andy Macdonald 08 Oct 2025
ASB settles CCCFA class action for hefty $135.6m
Finance

ASB settles CCCFA class action for hefty $135.6m

 It ended a four-year class action centred on disclosure obligations.

Andy Macdonald 07 Oct 2025
ASB pays $135.6m to settle long-running CCCFA class action
Finance

ASB pays $135.6m to settle long-running CCCFA class action

High-street lender ASB has agreed to pay $135.6 million to settle a class action brought against it for alleged breaches of the Credit Contracts and Consumer Finance Act (CCCFA).The settlement – without admission of liability or wrongdoing – concluded four years of legal proceedi...

Staff reporters 07 Oct 2025