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Business news is presented by
A message from our sponsor: At Malloch McClean +MORE we're more than great accountants. For over 90 years, we have been helping New Zealanders build enduring wealth through successful business. Our experienced team can help you grow all areas of your business and will challenge you to succeed. Talk to us today and find out how we can help you build a smarter, better business. Contact Phone: 214 4166 Website: https://www.mmca.co.nz/
Air New Zealand will start laying off workers this week and says Covid-19 has slashed its revenue by more than $5 billion. In a message to staff, chief executive Greg Foran said international travel made up two-thirds of the company’s revenue and that was gone now for the foreseeable future. The air
As all non-essential workers head home for a minimum of four weeks to combat COVID-19, the Invercargill CBD development is unlikely to meet its target open date. The organisation behind city block development stage one, Invercargill Central Ltd, planned to complete its stage construction by February
At any regular Southland Chamber of Commerce AGM, business achievements for the year would be the focus. However, there were two significant differences at this year’s meeting. The first was the venue. Due to the alert 4 nationwide lockdown, the meeting was held via video conferencing, rather than a
by Mike SanfordAt any regular Southland Chamber of Commerce AGM, business achievements for the year would be the focus. However, there were two significant differences at this year’s meeting. The first was the venue. Due to the alert 4 nationwide lockdown, the meeting was held via video conferencing, rather than a
Air New Zealand will start laying off workers this week and says Covid-19 has slashed its revenue by more than $5 billion. In a message to staff, chief executive Greg Foran said international travel made up two-thirds of the company’s revenue and that was gone now for the foreseeable future. The air
As all non-essential workers head home for a minimum of four weeks to combat COVID-19, the Invercargill CBD development is unlikely to meet its target open date. The organisation behind city block development stage one, Invercargill Central Ltd, planned to complete its stage construction by February
Flight Centre has announced that 250 staff would be made redundant from today, and 33 shop would close temporarily, due to the Covid-19 coronavirus outbreak. In a statement, the travel agency said the unprecedented travel restrictions throughout the world has forced it to reduce its workforce. The c
A new funding and support collective has been launched in Southland and Otago, creating a network for startups and investors to converge. Mainland Angel Investors (MAI) an angel investment network founded by Startup Dunedin, COIN South and Startup Queenstown Lakes, officially launched on Wednesday e
SBS Bank and the Highlanders have announced they’ve entered into a new three-year partnership. Not only has SBS Bank become an official partner of the Highlanders but is now also the Dunedin-based Super Rugby franchise’s official bank. SBS Bank chief executive Shaun Drylie said the new partnership w
Fonterra Co-operative Group Limited (FCG) Chairman John Monaghan has confirmed that he will retire as a Director of the Co-operative when his current 3-year term ends at its Annual Meeting this November. In a note to the Co-operative’s farmer-owners and unitholders, Mr Monaghan explained that his de
Southern Institute of Technology (SIT) are committed to building a pipeline of entrepreneurial-minded young people who will boost the prosperity in New Zealand through sponsorship of The Lion Foundation Young Enterprise Scheme (YES) in Southland. SIT recently signed on to continue their sponsorship