Some Otago businesses are saying they are unlikely to survive a ‘‘double whammy’’ of decreased revenues and increased wage demands in the coming months, the Otago Chamber of Commerce warns.
A Central Otago builder says while promises from the National Party to cut regulations sound good, the real difficulty the industry faces is in the price of land and materials.
A budget adviser says an online loan company operating in Dunedin is linked to the same company being investigated by authorities in New Zealand and Australia for irresponsible lending.
Port Otago's half-year profits have dropped 16% on the year previous due to difficult spring conditions, but the company says the results were solid, thanks to sales of investment properties.