Business

SBS Bank has announced another successful year of growth, aiding a record number of Kiwis in purchasing homes. The SBS Group, including SBS Insurance, SBS Wealth, and Finance Now, reported a pre-tax surplus of $56.6 million for the year ending 31 March 2024, reflecting a $5.1 million or 10% increase

Southland Foundation was officially launched this evening in Invercargill, with Sir Stephen Tindall speaking at the event. Sir Stephen shared his support for Community Foundations Aotearoa New Zealand and his philanthropic journey. Reflecting on his involvement, he remarked, “Philanthropy is not jus

New Zealand Aluminium Smelters (NZAS) has secured the future of the Tiwai Point aluminium smelter by signing 20-year electricity arrangements. These agreements ensure the smelter will continue competitively producing high-purity, low-carbon aluminium using renewable electricity from New Zealand’s So

Flybuys, one of New Zealand’s most well-known loyalty schemes, will conclude its services at the end of 2024. This decision comes after nearly 30 years of rewarding Kiwis since its launch in 1996. Loyalty NZ CEO Lizzy Ryley expressed pride in the programme’s achievements over the years, highlighting

The Southland Power Trust (SEPSCT) announced today that its subsidiary, The Power Company Limited (TPCL), is divesting its shares in the Southern Generation Limited Partnership (SGLP). This joint venture, established in 2015 with TPCL, Electricity Invercargill Limited (EIL), and Pioneer Energy Limit

Autoplex is experiencing huge growth since consolidating its business to a five-day working model early this year. With five Warrant of Fitness specialists onboard and eight mechanics, Autoplex can offer its new and existing clients continuity of service across the working week. Arguably one of the

Farmer confidence in banks has fallen to its lowest level in nearly a decade, prompting calls for an independent inquiry. A recent Federated Farmers survey of over 640 farmers revealed only 51 percent were satisfied with their banks, a significant drop from 80 percent in 2018. This marks a worrying

Westpac has announced the upcoming closure of its Windsor branch in north Invercargill, citing that the building does not meet the bank’s seismic criteria. The last day of operation for this branch will be Friday, June 21. Local MP Penny Simmonds expressed deep concern over the closure, describing i