Articles tagged with State Owned Enterprise
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KiwiRail Posts $162M Surplus with 11% Freight Growth, Boosting NZ Economy
30 Sep 2026, 6:08 AM | 1 week ago | 122 viewsRail Minister Winston Peters praised KiwiRail's strong annual performance, highlighting a $162 million operating surplus, 11% growth in rail freight revenues, and a 3% increase in freight volumes for the year ending June 2026. He emphasized KiwiRail's vital role in New Zealand's economy, moving a quarter of exports, supporting millions of passenger journeys, and benefiting from investments that have modernized the fleet and improved infrastructure funding. Despite skepticism, KiwiRail has achieved high reliability, particularly with the Interislander service, thanks to dedicated workers and strategic management.
Tags: Winston Peters Suzanne Tindal KiwiRail Thomas the Tank Engine Interislander New Zealand Rail Minister Board Chair State Owned Enterprise Rail freightTranspower Board Reappoints Directors Dewes and Coppage Through 2029
03 Aug 2026, 9:10 AM | 2 months ago | 476 viewsDirectors Whaimutu Dewes and Owen Coppage have been reappointed to the Transpower Board until 2029 to provide governance continuity during a $13 billion investment programme. Dewes offers expertise in governance, risk management, and stakeholder relations, while Coppage brings skills in energy utilities, technology, and digital transformation. Additionally, Rukumoana Schaafhausen was reappointed to Kiwi Group Capital’s board, bringing extensive commercial and Crown governance experience in the banking sector.
Tags: Whaimutu Dewes Owen Coppage Simeon Brown Rukumoana Schaafhausen Transpower Board Kiwi Group Capital Kiwibank State Owned Enterprises energy sector governanceGovernment to Receive $10M Special Dividend from Landcorp Farming in 2025/26
15 Apr 2026, 10:02 AM | 5 months ago | 940 viewsThe Government will receive a $10 million special dividend from Landcorp Farming Limited, contributing to a total of $25 million in dividends returned to the Crown for the 2025/26 financial year. This payment reflects Landcorp’s strong financial position, improved operations, and commitment to delivering value for taxpayers, supported by favorable commodity prices and disciplined management. The special dividend follows a $9.5 million capital repayment from Fonterra and is considered a pass-through of this non-operating receipt, separate from Landcorp’s ordinary dividend policy.
Tags: Simeon Brown Landcorp Farming Limited New Zealand Government State Owned Enterprises Fonterra Shareholding Ministers Crown dividends public services commodity prices taxpayer valueGovernment to Invest $200M in Genesis Energy to Boost NZ Energy Security
23 Feb 2026, 9:30 AM | 7 months ago | 1185 viewsThe Government will invest up to $200 million in new Genesis Energy shares to support secure, affordable energy and maintain a 51% Crown ownership. This investment aims to enhance energy security by enabling Genesis to increase flexible capacity and strengthen the long-term value of the state-owned asset. It is part of a broader Government initiative to improve energy reliability and reduce living costs for New Zealanders.
Tags: Nicola Willis Simeon Brown Simon Watts Genesis Energy Government Finance Minister State Owned Enterprises Minister Energy Minister New Zealand Crown investmentNew Crown Directors Appointed to Airways and Kiwi Group Capital Boards
18 Dec 2025, 5:29 PM | 9 months ago | 1376 viewsState Owned Enterprises Minister Simeon Brown has appointed Mayurie Gunatilaka to the Airways Board and Susan Petersen to the Kiwi Group Capital Board, both for three-year terms. Gunatilaka brings extensive infrastructure governance experience to support Airways' air navigation services, while Petersen, also Chair of the Kiwibank Board, is the first KGC director to hold a position on Kiwibank’s Board, enhancing strategic alignment. These appointments aim to strengthen governance and leadership in critical sectors, with KGC adopting overlapping board memberships to boost strategic objectives while maintaining independent oversight.
Tags: Simeon Brown Mayurie Gunatilaka Susan Petersen Airways Board Kiwi Group Capital Kiwibank Board State Owned Enterprises Crown directors governance infrastructure planningGovernment Announces Key Appointments in State-Owned Enterprises Portfolio
29 Sep 2025, 12:51 PM | 1 year ago | 1293 viewsState-Owned Enterprises Minister Simeon Brown announced appointments and reappointments at Kiwi Group Capital Ltd and NZ Post. David McLean was reappointed as Chair at Kiwi Group, with Scott Pickering appointed as a director. At NZ Post, Alastair Bell and Grant Stapleton were appointed as directors. These appointments aim to ensure strong governance and leadership in State Owned Enterprises to meet future challenges and opportunities.
Tags: Simeon Brown David McLean Scott Pickering Alastair Bell Grant Stapleton Kiwi Group Capital Ltd NZ Post State Owned Enterprises New ZealandersLandcorp Introduces Livestock Equity Partnership for Future of Farming in New Zealand
09 Sep 2025, 2:01 PM | 1 year ago | 1341 viewsLandcorp has introduced a new livestock equity partnership program in New Zealand to assist farm operators in building equity and securing the future of farming, according to State Owned Enterprises Minister Simeon Brown. The initiative aligns with the government's goals of enhancing rural employment, boosting farm productivity, and facilitating ownership opportunities for the next generation of farmers. The equity partnership model expands on Landcorp's existing contract farming options for dairy farmers and aims to promote high performance, unlock the farming sector's potential, and create pathways for aspiring farmers to take ownership of farms like Mahiwi Farm.
Tags: Landcorp livestock equity partnership farm operators farming New Zealand State Owned Enterprises Minister Simeon Brown rural employment farm productivity ownership pathways next generation farmers