I wrote about Kiwibank last week, noting that there had never been a good economic reason for the Crown to have established it, and that there was not a good economic reason for the Crown to continue to own it. Doing so undermines (modestly) the efficiency of the financial system, and poses unnecessary risks for taxpayers.
I take it that the Minister of Finance agrees. Listening to him on Morning Report, unable to give any reason why the government should own a bank other than “it is government policy that we do so”, one almost felt a little sorry for him. Then again, he is the Deputy Prime Minister.
What to make of yesterday’s announcement from New Zealand Post? The plan is that NZ Post will sell 45 per cent of its stake in Kiwi Group Holdings (KGH) to ACC (20 per cent) and the New Zealand Superannuation Fund (25…
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Utopia, you are standing in it! 
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