Thousands of people have had money deducted from their bank accounts in recent months as Inland Revenue steps up its efforts to collect the tax it is owed.
French owners of jam, juice and sauce company Barker’s will start processing at a new factory near Geraldine by the end of the year as part of a $50 million to $60m expansion project.
The collapse of large retailer Smiths City has liquidators expecting many creditors will go unpaid after adding up more than $26.8 million in liabilities.
The Reserve Bank has opted for boldness over caution as it delivered a 50-basis-point cut to the official cash rate to 2.5%, and signalled further reductions.
Construction teams will swell to 150 contractors on Fonterra’s new $150 million ultra-high temperature cream plant at Southland’s Edendale site in coming months.
WorkSafe inspectors will visit 1000 farms before the end of the year, focusing on the safety of quadbikes and other risks to prevent agriculture becoming the deadliest sector in New Zealand again.