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![Kiwis spending $45 less every week - economist](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Kiwis spending $45 less every week - economist
The average NZer is spending $45 less a week than before the recession in a bid to wipe out debt and inject equity into their homes.
![Plane leak reveals South Canterbury bid](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Plane leak reveals South Canterbury bid
A notoriously shrewd businessman has emerged as the frontrunner to buy South Canterbury Finance.
![<i>John Armstrong</i>: A textbook example of crisis management](/pf/resources/images/placeholders/placeholder_l.png?d=796)
<i>John Armstrong</i>: A textbook example of crisis management
Watching John Key and Bill English dispose of South Canterbury Finance was a bit like watching a python swallowing an antelope.
![Rich lister's fund gets paid first](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Rich lister's fund gets paid first
A private equity fund is to receive a $100m taxpayer-funded payout from the Govt in order to make the receivership of South Canterbury Finance run more smoothly.
![South Canterbury bailout bill: $405 each](/pf/resources/images/placeholders/placeholder_l.png?d=796)
South Canterbury bailout bill: $405 each
The Govt yesterday paid $1.775bn - or $405 for every person in NZ - to take control of failed moneylender South Canterbury Finance's assets.
![SCF took more risks under govt guarantee, Maier says](/pf/resources/images/placeholders/placeholder_l.png?d=796)
SCF took more risks under govt guarantee, Maier says
South Canterbury Finance's exploiting of a Govt guarantee "violated a lot of prudent lending criteria", its CEO says.