Business

The a2 Milk Company has finalised the $282 million purchase of Yashili’s infant formula manufacturing plant in Pōkeno and sold its majority stake in Mataura Valley Milk (MVM) to Open Country Dairy. The Pōkeno facility, formerly owned by China’s Mengniu Dairy, will be enhanced through a $100 million

SBS Bank has announced a drop in its one-year fixed home loan rate for first-home buyers, reducing it from 4.29 percent per annum to 3.99 percent per annum. This new special rate is the first to fall below four percent since May 2022 and will be available for

Full credit to Geoff Thomson for bringing 4.5 star hotel quality to his home town, described by his new Distinction Invercargill Hotel manager as impressive in every way. “He has not cut any corners in this property. He has gone all out and that will be the difference, I

Electronics retailer JB Hi-Fi has lifted New Zealand sales by 20.8% to NZD 396 million in the 2024 financial year, narrowing its loss before tax to NZD 0.2 million. JB Hi-Fi now operates 23 stores nationwide, including the JB Hi-Fi inside Invercargill Central, which celebrated its first birthday

* Dawn Meats plans to acquire 65 percent of Alliance Group shares for NZ$250 million. * Proposed deal aims to strengthen finances, fund growth and deliver returns to farmer shareholders. * Partnership would create strong global market presence combining beef and lamb expertise. Alliance Group has announced that shareholders will soon vote

Mitre 10 Mega Invercargill is stoked with its upgraded Columbus cafe, and the local community is too. General manager Tracy Key said the interior is now more light and modern, making for a more enjoyable customer experience. “This new look complements the new kids play area that was refreshed earlier

The Southland Business Chamber has revealed 33 finalists across 12 hotly‑contested categories in the 2025 Datagrid Southland Business Excellence Awards. After a record 135 entries, judges spent six weeks poring over submissions that showcased the strength, resilience and innovation of our region’s enterprises. “This year’s entries reflect

Some people do ‘Dry July’ - Invercargill JB HI-FI has started a new trend- cold water plunging in the middle of winter instead. And it’s all in the name of mental health. Invercargill manager Tony Keay said the business supported six charity ‘Helping Hand’ partners including McKenzie’s gift