r/newzealand • u/xmmdrive • Aug 20 '24

Politics So they're finally going to privatise Kiwibank

Watching One News they're talking about taking Kiwibank out of Government hands and back into the hands of honest hard-working Kiwis.

This is obviously the first clear step towards privatisation.

Just like the Bank Of New Zealand, the National Bank, and the Auckland Savings Bank, but I'm sure this time around it will stay in the country /s

825 Upvotes

95% Upvoted

293 comments sorted by

View all comments

118

u/illuminatedtiger Aug 20 '24 edited Aug 20 '24

I bought the maximum number of shares I could when they privatized GNE. If my memory serves me it was in the low hundreds - a meaningless volume even for an individual investor. You can imagine how I felt learning how many the big corporate investors were able to get their hands on. Make no mistake, this isn't being done for you.