Kiwibank today, what will the govt want to own tomorrow?

Kiwibank is seeking to reposition as an aspirational brand for NZ. (Image:Getty)

Sat, 27 Aug 2022

I almost choked on my Weetbix this week when I read the government is to nationalise Kiwibank for some $2.1 billion. The first image to spring to mind was the societal and economic damage to Venezuela caused by Hugo Chavez when his government took over oil and gas in the country, then cement, steel, supermarkets and even glass manufacturing.Surely we can’t be headed down the same path here in New Zealand? Is the Labour government going to stop at Kiwibank or might the NZ offshoots of certain of the Australian banks be targ...

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