Friday, September 4, 2015

Silver Fern Farms might become half owned by Chinese investors.

The Dunedin-based company is seeking a $100m capital injection.

Chinese investors are believed to be considering the deal, in exchange for a 50/50 joint venture and equal boardroom control.

Silver Fern Farms is New Zealand's biggest meat exporter.

Some shareholders are pushing for a merger with Alliance Group over foreign investment.

The company's expected to make a public announcement about its capital raising initiatives next week.


Thursday, September 3, 2015

Another blow is being dealt to the city's manufacturing sector, as a result of a wider industry decline.


Monday, August 31, 2015

Only two submissions have been received on the city council's plan to sell part of Logan Park to Otago Polytechnic.


Monday, August 31, 2015

The number of new dwelling consents has hit a 10-year high nationwide.

There were almost 3,000 new dwelling consents issued last month.

That's a 24% increase on last July.

In Dunedin the numbers are reversed, with more consents issued last July than during the same month this year.

Over the last 12 months, almost 400 new dwelling consents have been issued in the city.

That's about the same number as those issued every month in Christchurch.


Friday, August 28, 2015

A record cruise ship season is expected to pump millions more into the local economy.

Already the sector's worth about $36m to the city each year.

And local tourism operators are preparing for an influx of extra passengers.


Friday, August 28, 2015

Business profits are rising, as indicated in the latest data from Statistics New Zealand.

Total operating profit before tax has increased 7% in the last financial year.

It's a rise led by the agricultural sector, and worth another $4b to businesses overall.

More than 70% made a profit in the last financial year.

That's comparable to 2013 but profits are generally larger at present.


Thursday, August 27, 2015

Local secondary school students are getting a taste of life in the construction industry.

They've toured some of the city's trade-based businesses, as part of a nationwide campaign.

And it's all in an effort to showcase post-study opportunities.


Thursday, August 27, 2015

Despite the dairy downturn, exports for the month of July were up compared to last year.

The total value of goods exported during the month was $4.2b.

That's a 14% increase on last July.

The main contributor was fruit, up 51% to more than $300m.

A weaker New Zealand dollar aided the increase in returns.

Meat exports also rose, up 24%, while dairy powder trade was down.


Tuesday, August 25, 2015

Almost 100 first home buyers in Dunedin are making the most of a new government funding scheme.

Since the HomeStart programme was launched in April, the government's received 89 applications from within Dunedin.

Of those, 75 have been paid out.

HomeStart replaces the KiwiSaver first home deposit subsidy. It allows first home buyers to apply for grants of up to $20,000.

Nationwide almost 7,000 applications have been lodged, and just over $7m paid out.