NZ Post squeezed for $100m dividend amid cost-cutting drive

NZ Post chief executive David Walsh drives one of its Paxster EVs. (Image: NZ Post)

Mon, 15 Jul 2024

The first in a series of regular reviews of NZ Post’s capital requirements has resulted in a multi-million-dollar payday for the government, BusinessDesk can reveal.The $100 million special dividend comes amidst a new emphasis on cost-cutting and returning as much money to the Crown shareholder as possible.The state-owned enterprise (SOE) also appeared to be adopting a more aggressive stance towards its private sector competitors.‘Competing to win’The new statement of intent for 2024-27 also contained a subtle shift in languag...

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