Friday, November 27, 2015

Four private investors have purchased a 77% stake in the operating licence for the Highlanders.

They're not saying how much money the five-year deal is worth.

Dunedin businessman Matthew Davey is leading the investment charge.

He's the founder and chief executive of Ticket Direct.

The Highlanders is the last of all five Super Rugby teams to be managed by new operators.

A 13% stake remains with provincial rugby unions, and New Zealand Rugby holds a 10% share.

The deal is being underwritten by the Invercargill City Council, in exchange for guaranteed Southland games.

Friday, November 27, 2015

Local community groups have been given just over $180,000 from the Dunedin City Council.

The council's grants subcommittee has allocated funds to 83 different groups.

No more than $5000 is going to each recipient.

The money is to help local organisations and groups with programmes related to a range of community activities and events.

It's also for growing arts, culture and heritage in the city, and for supporting youth development.

Thursday, November 26, 2015

The country's trade deficit has widened to $963m.

That's almost $100m more than at this time last year.

Exports have been falling more than imports, but both are lower overall.

The dairy downturn is largely responsible for the drop, with milk powder, butter and cheese exports falling by just over $200m.

China has become the top annual export destination for New Zealand, nudging out Australia.

China's also New Zealand's number one source of imports.

Thursday, November 26, 2015

Local school pupils are set to benefit from a fresh round of government funding through its Unlocking Curious Minds scheme.

The University of Otago is getting nearly $60,000 to run three programmes for teenagers and families.

The Digital Office is receiving almost $19,000 to help students from poor families learn computing skills.

A further $20,000 is going to the Dunedin Gasworks Museum to expand its STEM Learning Centre.

That will enable youth to undertake hands-on digital learning with new engineering and technology tools.

Wednesday, November 25, 2015

Almost $8000 has been raised for the local branch of the Child Cancer Foundation.

The money was generated through the organisation's annual duck dive at Moana Pool, held at the weekend.

The after-cost profit was $7912.

Organisers are thrilled with the result and say the event made for a fabulous day.

The money will go towards helping local families of children with cancer.

For many, transport to and from Christchurch is the biggest associated expense.

Wednesday, November 25, 2015

Local residents are already utilising just under a million dollars in grants for first home buyers, under a new government scheme.

243 Dunedin residents have been awarded grants through the government's KiwiSaver HomeStart project.

The government doubled its support for first home buyers through the scheme in April.

To date about $900,000 in grants has been paid to locals buying or building their first home.

Up to $10,000 is available for a deposit on an existing home, and double that amount can be granted for new builds.

Wednesday, November 25, 2015

A local company has just been placed into liquidation, following a special resolution by its shareholders.

Otago Harbourside Developments Ltd is now in the hands of Insolvency Management.

Its 20 listed shareholders are scattered throughout Dunedin and the lower half of the South Island.

Two of the five company directors live in Dunedin.

Liquidators are giving creditors until the 18th of January to stake claims in relation to the business.

Otago Harbourside Developments has been operating since 1998.

Tuesday, November 24, 2015

A new innovation by local software developers is being launched worldwide from Bath St.

It's about making property management easier for all users.

And it's also helping to establish Dunedin's profile as a tech-savvy city.

Monday, November 23, 2015

A house built by tertiary students has gone under the hammer, raising thousands of dollars for local charities.

Over the years Otago Polytechnic's annual charity house auction has generated more than $800,000.

But staff are still yet to reach their ultimate goal.

Thursday, November 19, 2015

The local store of a Christchurch-based restaurant business has closed down, not long after opening in Dowling Street.

A liquidation auction is being held at the Dunedin site of Spagalimis Italian Pizzeria next week.

Items being sold include restaurant fittings and other stock.

Spagalimis first opened in Christchurch in 1978, and there are still several restaurants in the garden city.

The Dunedin store was opened in May this year, employing about 15 people.

It's not known whether another store will open locally in future.

Wednesday, November 18, 2015

An up-and-coming business venture is reaping the rewards of the city's gigatown status.

Two entrepreneurs have received $20,000 for their project in the latest round of Gig-Start funding.

And they're not the only ones being given a helping hand.

Wednesday, November 18, 2015

The local economy is being boosted by millions of dollars as a result of tonight's Fleetwood Mac concert.

A full capacity crowd of around 35,000 people are expected at Forsyth Barr Stadium.

And the Otago Chamber of Commerce believes benefits will be long-lasting.

Monday, November 16, 2015

A large chunk of money is being put into local research to better identify problems with accident compensation.

Legal researchers have been awarded $150,000 to continue their work streamlining the ACC system.

And they're hoping to get the government on board to bring about real change.

Monday, November 16, 2015

The city council's heading into Christmas with less money in its accounts than budgeted.

Its latest financials have been revealed in a report to councillors.

Revenue is down by half a million dollars compared to budget, as at the end of September.

The council's also made less money than expected on its Waipori Fund investments, and has received less funding.

Energy costs have also been higher than anticipated.

The operating deficit for the three months to September was almost a million dollars worse than budget.

Friday, November 13, 2015

A local petanque club is being upgraded with the help of community funding.

Dunedin City Petanque has been given $35,000 to improve its premises.

And it's breaking new ground in the city.