Foresters warn public running risk
Foresters warn public running risk
Members of the public entering Otago forests without permits are endangering themselves, given the ongoing extreme fire risk.
Simon Hartley
South Island index takes quarterly hit
South Island index takes quarterly hit
More than $2.3billion was wiped off the value of the Deloitte South Island Index of listed companies for the quarter to December, and share value of three of the top four companies declined.
High country tenure changes proposed
High country tenure changes proposed
High country farmers have been thrown a curve ball as Land Information Minister Eugenie Sage yesterday announced proposed regulatory changes as to how 171 farmer-leaseholders in the South Island...
Christmas shut-down reflected in figures
Christmas shut-down reflected in figures
Manufacturing in Otago and Southland has delivered a seasonal January slump, largely credited to the Christmas shut-down period.
City Forests halts public access
City Forests halts public access
Extreme fire danger has prompted City Forests to close its estates to the public and staff and contractors are working restricted hours, probably for several weeks to come.
Record median house prices in Otago, Southland
Record median house prices in Otago, Southland
Otago and Southland are among five regions in the country reporting record median house price gains for January, as Auckland and Canterbury prices continue to ease.
'Thumping' ships mean sleepless nights for some
'Thumping' ships mean sleepless nights for some in Port Chalmers
The new Rio-class container vessels visiting Port Chalmers weekly are causing sleepless nights for some residents, because of large, noisy generators aboard the bigger ships.
Skellerup records record half year profit of $13.4m
Skellerup records record half year profit of $13.4m
Rubber product manufacturer Skellerup has turned in a record $13.4million half year after tax profit, largely through strong growth in its industrial division.
Education shake-up plan welcomed
Education shake-up plan welcomed
Plans to change the way vocational education is delivered have been welcomed by the Otago Southland Employers' Association, but there's concern at what effect it will have on Otago Polytechnic and SIT.
Reserve Bank again holds OCR at 1.75%
Reserve Bank again holds OCR at 1.75%
The Reserve Bank yesterday kept the interest-driving official cash rate at its record 1.75% low, as expected, but pushed out the next likely rate change into 2021.
Maintenance affects South Port
Maintenance affects South Port
South Port at Bluff is predicting a 10% downturn in revenue for its full year ahead as it grapples with repairs and maintenance, likely to cost it $750,000 to just over $1million off its profit line.
Port of Tauranga growth not reflected in earnings
Port of Tauranga growth not reflected in earnings
Log exports and increasing container numbers from the Port of Tauranga are expected to underpin its half-year result, due for release next Monday.
Affordability issues felt in southern house prices
Affordability issues felt in southern house prices
Double-digit growth in many southern average house values during the past year has driven home the housing unaffordability issue which is conspicuous in parts of Otago.
Port's revenue up, repairs dent profit
South Port revenue up but repairs dent profit
South Port at Bluff has posted a revenue boost to almost $21 million for its half year trading, but repairs and maintenance costs saw its after-tax profit undermined.
Requirements will lift borrowing costs
Requirements will lift borrowing costs
The Reserve Bank is being picked to acknowledge the increasing negative risks to New Zealand’s economy this week, but not to yet make a move on monetary policy.
Warning for forestry exporters following ‘fantastic’ record year
Warning for forestry exporters following ‘fantastic’ record year
Amid record returns for forestry exporters, the sector in New Zealand is being warned to take notice of the global demand for logs is beginning to trend downwards.
Challenge ahead for smaller wineries
Challenge ahead for smaller wineries
A caution has been thrown out to New Zealand’s smaller, domestic market wineries which might be finding it more difficult gaining access to distribution channels.
Farmers’ confidence lowest since 2009
Farmers’ confidence lowest since 2009
Farmers’ confidence in the economy has hit a nine-year low with just 5% expecting conditions to improve in the year ahead, largely because of the US-China tariff trade war and Brexit uncertainties.
All go for Martha project in Waihi
All go for Martha project in Waihi
Oceana Gold's mine at Waihi in the central North Island has the green light for its underground Martha project, after no appeals were filed against its recent resource consent application.
Employment flat; more jobless
Employment flat; more jobless
Employment during the quarter to December remained flat while the number of unemployed edged up by 0.3% to 4.2%, according to StatsNZ data released yesterday.