I suppose it was about time for this old chestnut to roll around again:
Liam Dann: Time to sell Kiwibank and NZ Post
The time has come to split Kiwibank from its parent NZ Post and sell them both.
No it hasn’t.
Kiwibank was launched in 2002 to provide New Zealanders with a locally-owned alternative to the Australian banks.
Yes it was, and so it does.
It is a fantastic company, it has built a great brand and customer base but it needs to grow if it is to provide some serious competition to the big four.
Flogging it off will just turn the big 4 Aussie banks into the big 5, reducing competition, not enhancing it. If you want Kiwibank / competition to grow, find other ways to do it.
National have long wanted to sell Kiwibank. Fortunately, public reaction forced a backdown:
PM pledges not to sell Kiwibank after all
Prime Minister John Key has changed his position on the sale of Kiwibank and now says there will be no sale or part sale while he is Prime Minister.
No sale or part sale is pretty clear, so I guess Dann is floating his balloon in vain. Unless of course Key would break a clearly stated promise. But he would never do that, would he?
Powered by WPtouch Mobile Suite for WordPress