Three former heads of South Canterbury Finance "went beyond
cavalier" and contributed directly to the company's collapse,
the Crown alleged on the opening day of what has been
described as New Zealand's biggest ever fraud trial.
Otago house prices have mirrored the rising national price
trend during February, as the Reserve Bank sets out to
further dampen housing enthusiasm with its first
interest-rate hike in almost three and a-half years tomorrow.
Easing pressures in the housing market will not deter the
Reserve Bank from hiking the interest-driving official cash
rate (OCR) tomorrow, as inflationary pressures and stronger
gross domestic product data take precedence for the bank's