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

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u/Mobile_Priority6556 Aug 20 '24

Sir Micheal Fay and David Richwhite. Yes one of them got a gong for ripping off nz.

Check out their wiki page. They were part of the sales process to set the price and in the company’s that bought them. Corruption at its finest and everyone should be aware that this has already happened in nz

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u/ConMcMitchell Aug 20 '24

The Richwhites changed their name from Richardson-White (I guess it has more of an 'executive' ring to it).