Kiwibank to get $247m top-up
The $247m will make sure the bank's capital stays within the regulator's limits.
The $247m will make sure the bank's capital stays within the regulator's limits.
100 years on, NZ's darkest hour at Passchendaele remembered with commemorative stamps
Be in to win NZ Post's latest stamp books and coin commemorating NZ's WWI sacrifice.
David Walsh will take up the role of CEO at New Zealand Post.
FastPost would be increasing by 50 cents from $1.80 to $2.30 from July 1.
The 3-penny stamp has one of the most colourful stamp histories in the world.
Brian Joseph Roche was named a Knight Companion of the Order of Merit in today's honours.
NZ Post pays out hundreds of thousands of dollars in cash compensation each year to customers whose mail goes missing.
New Zealand Post is struggling under the weight of one million parcels a day and can't guarantee every parcel will make it in time.
Wellington commuters face delays and disruption as the city struggles to get back to normal.
New Zealand Post is warning that some mail will be delayed in areas hit by this week's earthquakes.
NZ Post has moved to reassure people their post is safe, following a number of incidents.
A woman who stole 300 pieces of mail to get money for her meth habit dodged a prison sentence in court today.
The Wellington postie who dumped thousands of mail items - including election voter packs - has been fired, and had his case referred to police.
The design features a brass scuttle, recovered from the wreck of HMNZS Moa, and personnel past and present.
A Wellington postie has dumped 3000 mail items, including 300 voting papers.
The terms will see NZ Super and ACC acquire 45 per cent of Kiwibank for a price provisionally put at $495 million.
A scam email purporting to be from New Zealand Post is still plaguing people's inboxes a week after it originated, says the company.
A Nelson postie says she was threatened with a possible jail sentence from her employer if she continued to refuse delivering scam mail to residents.
COMMENT: NZ Super Fund's decision to try to buy a 25pc stake in Kiwibank from NZ Post should not be any surprise.
Govt sale of Kiwibank stock to taxpayer-owned entities may see them fall out of public ownership in future
COMMENT: Michael Cullen's always been good at shifting money around without necessarily having to spend it, so what better way to finance KiwiBank than through his fund, writes Barry Soper.
FRAN O'SULLIVAN: This is a Wellington deal that brilliantly suits the objectives of two finance ministers, current and former.
The special dividend will be gained from the sale of a 45 per cent stake in Kiwibank.
COMMENT: The Government's decision to sell a 45 per cent stake in Kiwibank is a financially smart one. And its decision to sell it to itself is politically shrewd.
Bill English says NZ Post's plan for ACC and NZ Super Fund to buy into Kiwibank will ensure bank remains wholly Government owned.
COMMENT: Mike Hosking asks, what the $100m that the Greens want to give to Kiwibank will get NZ. Does it give the Government the right to dictate how the bank operates?
COMMENT: Did nobody see this coming? NZ Post is in trouble. Well, surprise, surprise.