Business

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

South Port New Zealand Ltd has followed up its excellent 2019 performance with a steady result for the first six months of FY2020 ending 31 December 2019; recording a net profit after tax of $4.6 million consistent with the previous corresponding period in FY2019. Considering recent market condition

Rio Tinto’s wholly-owned subsidiary Pacific Aluminium (New Zealand) Limited has reported financial results relating to its interest in New Zealand’s Aluminium Smelter Limited (NZAS), showing an underlying net loss of NZ$46 million for 2019. This is a NZ$68 million decrease in earnings from the previ

Alliance Group has acquired a stake in its India partner QualityNZ as it looks to capture more value from the world’s second most populous nation. The 100 per cent farmer-owned co-operative has purchased 10.4 per cent of QualityNZ, which supplies New Zealand’s products such as red meat, seafood and

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