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Kiwi savers revert to type

Stephen Toplis
Mon, 26 Jul 2021

Unprecedent savings during last year's lockdown haven't been blown (Image: Deposit Photos)
Stephen Toplis
Mon, 26 Jul 2021
Contrary to the musings of a number of local commentators, New Zealanders have not spent nine months blowing every last cent of the money they ferreted away in lockdown. What Statistics New Zealand’s new national accounts’ income and balance sheet data reveal is that during lockdown we saved an unprecedented amount but have now returned to our more normal, and somewhat unwise, habit of spending everything we earn.The confusion arose when commentators saw the word saving and interpreted it as a stock variable (ie the savings we...

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Dalton blinks: Auckland back in the America’s Cup hunt
Pattrick Smellie | Fri, 17 Sep 2021

Plans to announce an offshore host city for the 37th America's Cup are on hold as two of the three rumoured bidders baulk.

Bar owner borrowed $30k to cover wage subsidy delays
Michael Andrew | Fri, 17 Sep 2021

Shaneel Sudhakar faced a 22-day delay in payment of the wage subsidy.

Bridgecorp’s death knell a timely warning
Paul McBeth | Fri, 17 Sep 2021

A new generation of investors would do well to wander through the corporate graveyard of yesteryear.

Demand driven change an easier route to carbon reduction

Taking a demand-driven approach to carbon reduction will naturally bring us into line with government targets.

Kiwi security technology leading the world

Businesses must take advantage of our home-grown, world-leading, internationally-valued cyber defence systems to manage risk.