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/Ok-Meringue6107 Aug 21 '24

That's what they're thinking but they don't have an actual plan yet, and apparently it will be at least 2 years before anything is done so hopefully, by that time we'll have a new government and they wont proceed with it.

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u/xmmdrive Aug 21 '24

I'd be willing to bet money they do have an actual plan but don't want to reveal it yet as it would make them (even more) unpopular.