Building inspection shock claim
Building inspection shock claim
A Queenstown real estate agent says some agents in the resort should be "locked up or fired" for encouraging buyers not to get a building inspection done in order to speed up purchases.
Jacob McSweeny
Some facing $876 power price rises
Some facing $876 power price rises
Some Otago residents are facing power price increases of up to $876 a year despite the Commerce Commission proposing to shave tens of millions off what Aurora Energy can spend on its dilapidated network.
Impact on electricity bills would be 'significant'
Impact on electricity bills would be 'significant'
In its draft decision on how much Aurora can bump up prices to pay to fix its dilapidated network, the Commerce Commission says customers can expect bills to increase by between $240 and $876 a year in the next five years.
Ticket Rocket company debts more than $8m, receivers say
Ticket Rocket company debts more than $8m, receivers say
The company behind Ticket Rocket that is now in liquidation has debts of more than $8million, according to the first receivers’ report into the business.
Parker an investor with FMO
Parker an investor with FMO
A range of high-profile business people from around Otago, including Attorney-general David Parker, had stakes in a company stripped of three of its investment funds, documents show.
Minister linked to sacked investment company
Cabinet minister linked to sacked Dunedin investment company
The Dunedin fund management company stripped from managing its portfolios due to poor performance has senior Labour minister and Attorney-General David Parker as one of its shareholders.
Receivers 'ignored' by Ticket Rocket director: $8m owed
Receivers 'ignored' by Ticket Rocket director: $8m owed
The company behind Ticket Rocket that is now in liquidation has debts of more than $8 million, according to the first receivers’ report into the business.
Popular eatery falls prey to Covid changes
Popular eatery falls prey to Covid changes
Johnnie's Southern Kitchen in Dunedin is yet another casualty to the changes Covid-19 has brought to life in the city.
Crepe shop panning out well for couple
Crepe shop panning out well for couple
There have been a lot of challenges for engaged couple Nikko Kim and Joo Kim this year (they share the same surname).
Angel investing still strong in South despite Covid-19
Angel investing still strong in South despite Covid-19
Angel investing is going strongly in the South, the man behind the recently launched Mainland Angel Investors group says.
Investor resigned to a loss
Investor resigned to a loss
An Invercargill man with $80,000 invested with one of three Fund Managers Otago legacy funds says he has received less than half of that money in the wind-up process.
TracPlus cuts 30 jobs from workforce
TracPlus cuts 30 jobs from workforce
Dunedin tracking and communication company TracPlus has confirmed it has cut its staff back from 47 to 17 after Covid-19 disruptions in the aviation sector derailed projected growth at the company.
Region’s jobless rate rises to 5.1%
Region’s jobless rate rises to 5.1%
Figures show unemployment in Otago increased in the last quarter but the region’s rate of joblessness is below the national average.
Business South entity still waiting to receive accreditation
Business South entity still waiting to receive accreditation
The new Business South entity is still waiting to receive accreditation from the national body of Chambers of Commerce.
Manager of funds removed
Manager of funds removed
About 600 investors’ funds - worth more than $13 million - are under new control after a Dunedin fund manager overseeing three investment funds was removed.
Hundreds affected as fund manager removed
Hundreds affected as fund manager removed
About 600 investors’ funds are up in the air after an Otago fund manager had to be removed from its position overseeing three investment funds.
Property still tight market
Property still tight market
New figures show what is becoming the same old story with housing in Dunedin — average values and demand are high, while supply is unable to keep up.
Fewer premises empty than expected
Fewer premises empty than expected
The amount of retail vacancies on Dunedin’s George St is holding steady, yet to show much change despite the disruption of the Covid-19 pandemic.
Otago Knitwear to make fashion vest line
Otago Knitwear to make fashion vest line
Dunedin fashion manufacturer Otago Knitwear has been selected to produce a new women’s knitwear brand selling vests.
Budding analysts show winning acumen
Budding analysts show winning acumen
A competition where budding financial analysts decide whether to buy, sell or hold stocks in a publicly traded company has been won by University of Otago students.