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

Kiwibank today, what will the govt want to own tomorrow?
Kiwibank is seeking to reposition as an aspirational brand for NZ. (Image:Getty)
Warren Couillault
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...

More Finance

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025