NZ Tax Payers Bail Out SCF With $1.7 Bn

The press is buzzing with the news that the NZ government has bailed out investors in South Canterbury Finance to the sum of $1.7 billion to cover their losses, about $150 million more than was needed. The company collapsed after a bid to re-capitalise failed. “South Canterbury Finance is majority owned by 82-year old millionaire…

Safety Gaps Found In Adventure Tourism Review

Media outlets are reporting on the  long awaited release of New Zealand’s Adventure Tourism safety review. The review was instigated after the father of drowned river boarding tourist, Emily Jordan, wrote to John Key calling safety regulation in New Zealand “third world.” The two main outcomes are that there are recommendations that adventure tourism Operators…

Havelock North Armed Robbery Impacts On Family

The Dom Post has today reported on the robbery of another small business in New Zealand, this time a dairy (NZ vernacular for a small convenience store) in the small town of Havelock North. The report in itself is surprising given that there are restrictions on crime reports that are released to the press. It…