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Local government carrying ‘relatively low’ debt levels, English says
By Jonathan Underhill June 13 (BusinessDesk) – New Zealand's 78 local authorities are carrying a relatively low level of debt, Finance Minister Bill English has conceded when asked how councils could contribute to the nation’s spending on infrastructure. The local authorities...
ACC boss Stewart quits amid boardroom shake-up, privacy breaches
By Paul McBeth June 13 (BusinessDesk) - Accident Compensation Corp chief executive Ralph Stewart has quit after yesterday's boardroom clean-out and the continued fall-out from the Bronwyn Pullar saga. "The events of recent days and the departure of our chairman and a number of...
ANZ National owed $4.1 mln by 4RF, others creditors to be confirmed
By Hannah Lynch June 13 (BusinessDesk) - 4RF Communications, which sells microwave radio products worldwide, owes ANZ National $4.1 million, while other creditors are yet to be confirmed, according to receiver PwC. Wellington-based 4RF was placed into receivership in April afte...
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