Spending might be on the rise in Otago and the Central Lakes region thanks to the resurgence of international tourist numbers, but those businesses reliant on domestic customers are finding it tough.
Silver Fern Farms says a $24.4 million full-year loss after tax and a $497m drop in revenue reflects a year of challenging market conditions, which have impacted the whole supply chain.
In just over two years, Dunedin start-up founder Yvette Shum has prevented more than 15 tonnes of plastic from period products entering the environment.
Coastal North Otago’s distinctive Moeraki Boulders Restaurant and Gift Shop has been sold to investment company Moeraki Ltd, which is owned by Te Rūnanga o Moeraki.
Scott Technology chairman Stuart McLauchlan says the resignation of the company’s chief financial officer in the same week as its chief executive is an "unfortunate coincidence".
Southern sheep and beef farmers hit hard by lower sheep farm gate prices are facing a forecasted before-tax profit plunge of 58% for 2023-24 to average $44,500 per farm.
Scott Technology chief executive John Kippenberger will step down as chief executive and director of the automation and robotics company at the end of May.