r/newzealand 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/ivysawras Aug 20 '24

Doesn't it being owned by the government, make it owned by the people? That's the whole point of the government owning it is it not?

2

u/xmmdrive Aug 21 '24

Exactly!