University sector to report an unprecedented $8m deficit

University sector to report an unprecedented $8m deficit
The university sector is struggling. (Image: Getty)
Victoria Young
New Zealand’s university sector will report a deficit for the first time, a briefing to new tertiary minister Penny Simmonds reveals. The briefing – prepared by Tertiary Education Commission (TEC) chief executive Tim Fowler – identified Massey University and Victoria University of Wellington (VUW) as the highest risk financially and said both are being monitored closely. Based on financial forecasts provided to TEC, in September 2023, the university subsector – compromising the eight major universities (not pol...

More Services

Hundreds of ECE centres backtracking on pay parity
Policy

Hundreds of ECE centres backtracking on pay parity

96% of daycares have opted into pay parity, but govt funding doesn't match the costs.

Govt 'will consult' on NZ Post review, minister says
Services

Govt 'will consult' on NZ Post review, minister says

The deadline for a review of the postal service is up this month.

Maria Slade 14 Jun 2024
Demand pricing may be coming to a movie theatre near you
Markets

Demand pricing may be coming to a movie theatre near you

NZX-listed Vista is rolling out a suite of AI innovations.

Finance group ELF moves into Aussie PE hands
Infrastructure

Finance group ELF moves into Aussie PE hands

Maui Capital Aqua Fund investors are set to double their initial outlay with the sale.

Victoria Young 04 Jun 2024