The Chinese shopping cart is filling fast as more of China’s private and state-owned businesses look to mature markets, such as New Zealand and Australia, for investment opportunities.
PwC has taken home the ‘Most Attractive Employer - Competitive Salary & Employee Benefits Wellington’ special category award at the Randstad Awards, held this morning in Wellington.
In the Budget today, the Government announced its intention to provide tax deductions for six types of expenditure that previously fell in a tax ‘blackhole’ - that is the costs were not deducible upfront or depreciable over time.
The Government confirmed today in the Budget it will push ahead with changes to the thin capitalisation rules that invest in New Zealand.
Minister of Finance of Bill English's fifth budget reconfirmed the Government's track to a surplus of $75m in 2015.
The Local Government Funding Agency won the ‘Debt Issue of the Year’ award at the INFINZ (Institute of Finance Professions New Zealand) annual industry awards, held last night in Auckland.
Research from PwC has found global financial services CEOs view talent shortages and limited availability of skills as the biggest threat to growth.
PwC Global’s latest report Seizing back the people agenda also suggests current models for people management are unsustainable in the face of new market realities and that rebuilding trust and re-engagement with employees, customers and society as a whole is needed.
PwC Partners John Fisk, David Bridgman and Malcolm Hollis, Receivers of Pike River Coal Limited (in Receivership) (PRCL) note the District Court’s judgment today in the prosecution of PRCL.
Judge Farish has found PRCL guilty of all nine charges under the Health and Safety in Employment Act.
Beijing, China: New Zealand Government-owned AsureQuality and PwC New Zealand have today signed a collaboration framework agreement with China Mengniu Dairy Company Limited and COFCO Corporation to investigate the development of a China New Zealand agribusiness service and Food Safety Centre of Excellence in China.
Global CEOs rate China as the world's top destination for foreign investment, which is consistent with its significantly expanding economy, according to a global survey by PwC and the China Development Research Foundation.
The survey ‘Choosing China: Improving the investment environment for multinationals’ found more than half (56%) of CEOs surveyed chose China above other major and emerging economies including Brazil, Russia, India and the US.
PwC Partners Colin McCloy and David Bridgman, as Receivers to Mainzeal Property and Construction Limited and associated entities, today have provided an update on this receivership.
New Zealand businesses and public sector organisations are being more prudent in their approach to debt management than before the global financial crisis, shows the latest PwC’s New Zealand Debt Survey of organisations with $50 to $500 million of outstanding debt.
More risk, more discussion and more sharing and understanding between the business and public sector are the key outtakes from this year’s PwC Government and the 16th Annual Global CEO Survey: a new contract between business and the state.
PwC Partners Colin McCloy and David Bridgman as Receivers to Mainzeal Property and Construction Limited and associated entities today have provided an update on their current plan for this receivership.
PwC Partners Colin McCloy and David Bridgman as Receivers to Mainzeal Property and Construction Limited and associated entities (In Receivership) have confirmed their current plan of activities for this receivership.
Colin McCloy and David Bridgman, Partners from PwC today have been appointed receivers to Mainzeal Property and Construction Limited and associated entities as a result of a request made by its director to BNZ.
As China’s new leaders confirm their commitment to ongoing reform and continued support for foreign direct investment, market entrants can find a path to sustainable success in China if they bring an open mind and a flexible strategy, according to PwC’s latest edition of Doing Business and Investing in China.
New Zealand’s five major banks (ANZ Bank New Zealand, ASB, Bank of New Zealand, Kiwibank and Westpac) posted their biggest growth in lending since 2009, in the second half of their 2012 financial years. Yet, they saw pre-tax profits decrease 11% compared with the previous six months.
The publication of the final regulations means New Zealand banks, investment managers and insurance companies can now move forward developing their compliance programmes with more confidence.
The regulations are long awaited by the global financial services sector, which has been waiting for clarification of the Foreign Account Tax Compliant Act (FATCA) obligations they will need to comply with from 1 January 2014.
Our new thought leadership piece, Demystifying the online shopper: 10 myths of multichannel retailing, is based on survey of more than 11,ooo online shoppers over 11 countries on three continents, including both mature economies and emerging markets. The 11 countries covered in the survey are Brazil, Canada, China, France, Germany, the Netherlands, Russia, Switzerland, Turkey, the United Kingdom and the United States.
The 10 myths debunked in the report range from what kinds of devices consumers use to shop to the future profile of the global consumer.
The global financial crisis has accelerated the shift of the economic centre of gravity, with China, the US and India set to be the three major economies by 2050; but the emerging economies do face major challenges in their bid to sustain their recent strong growth.
These are just two findings from the latest World in 2050 report published by PwC’s macroeconomics team.
2012 news releases
[17 December 2012]
PwC Partners John Fisk and David Bridgman as Receivers and Managers to Ross Asset Management Limited and related entities today made applications to the High Court in Wellington for their appointment as liquidators to a number of the Ross Group companies.
[4 December 2012]
PwC today celebrates as one of its own, Advisory Senior Analyst Alex Gordon, becomes the 2012 World Financial Modelling Champion in New York (USA).
Wellington-based Alex Gordon was one of 2,000 entries to the World Financial Modelling Championship. After three rounds, he was one of the world’s top-16 financial modelling minds to attend the New York live finals this past weekend. The competition was fierce and finalists came from all the corners of the globe – from New Zealand, Australia, the USA, Britain, Russia, Canada, Poland and Hungary.
[30 November 2012]
In a world where cloud platforms, social networks and mobile devices are common place, the latest ‘Global State of Information Security® Survey 2013 released by PwC US in conjunction with CIO and CSO magazines, reveals there is a high degree of misplaced confidence in New Zealand businesses security strategies. Indeed, despite optimism, businesses must improve security strategies to stay ahead of the game.
[27 November 2012]
PwC welcomes two new partners to its New Zealand firm effective 1 January 2013. This will bring the number of full equity partners to 111.
[26 November 2012]
Colin McCloy and David Bridgman, Partners from PwC, today have been appointed Receivers to Reef Group Limited and other associated entities in Auckland.
[19 November 2012]
Historic sweeping changes at the helm of China’s ruling communist party signals the beginning of a new era for the Chinese people and a once in a decade opportunity for New Zealand to consolidate its relationship with the emerging economic powerhouse.
[15 November 2012]
PwC Partners John Fisk and David Bridgman as Receivers and Managers to Ross Asset Management Limited and related entities, have provided a report to both the High Court in Wellington and the Financial Markets Authority (FMA).
[6 November 2012]
Following application by the Financial Markets Authority today, the High Court has appointed PwC Partners John Fisk and David Bridgman as Receivers and Managers to Ross Asset Management Limited and nine other associated entities.
[26 October 2012]
The electricity sector has changed markedly over the past few years, thanks to increased competition and significant changes to legislation. Yet, according to PwC’s Leading Energy publication, factors beyond the companies’ control continue to prove the most challenging of all – the weather and a sluggish economy causing demand to remain stagnant.
[25 October 2012]
Following on from today’s New Zealand Government announcement of its intentions to engage with the US Government on the Foreign Account Tax Compliant Act (FATCA) regulations, PwC confirms its support to ensure these possible new rules have a more controlled and minimal impact to the entire New Zealand financial services industry.
[2 October 2012]
Following years of legal arguments and court proceedings in the Qantas Airways Limited v. Commissioner of Taxation, Australia’s highest court - the High Court of Australia (HCA) has just ruled in relation to what happens to the GST component of a non-refundable pre-paid domestic airfare, when the passenger is a no show.
[17 September 2012]
PwC is pleased to announce it has acquired the business of Asia-Pacific Risk Management (APRM), the high profile and well respected Financial Risk and Treasury Advisory company led by Roger Kerr, Stuart Henderson and Brett Johanson.
[6 September 2012]
Economic disruption, including possible recession in the United States, the Eurozone crisis and the slowing of expansion in China have taken a toll on the confidence of CEOs in the Asia-Pacific region, according to PwC’s 2012 APEC CEO Survey.
[4 September 2012]
PwC is honoured to be named New Zealand’s Most Reputable Professional Services Organisation in a survey by the Hay Group/NZ Management Magazine. The accolade follows a survey of senior business leaders asking them to nominate the organisations they deem to be most reputable and why.
[31 August 2012]
New Zealand’s five major banks (ANZ National, ASB, Bank of New Zealand, Kiwibank and Westpac) held steady in the first six months of their 2012 financial years, reporting just over half a percent decrease in pre-tax profits compared with the previous six months.
[15 August 2012]
A brand is more than a logo, it’s about people and that’s why PwC people are at the heart of the firm’s Brand week.
Hundreds of PwC staff will hear from Kiwi fashion designers Murray Crane and Kate Sylvester, ASB Bank CEO Barbara Chapman, social media guru Simon Young of SyENGAGE and communications expert Penny Harrison.
[3 August 2012]
PwC Partners, Malcolm Hollis and Maurice Noone, Receivers of Growestcoast Limited (In Receivership), today announced they have reached agreement for the sale of the assets of the company situated in Rotomanu.
[31 July 2012]
PwC Partners John Fisk, David Bridgman and Malcolm Hollis, Receivers of Pike River Coal Limited (In Receivership) (PRCL) have advised the District Court in Greymouth that no plea will be entered on behalf of PRCL in response to the charges brought against it by the Department of Labour. PRCL will take no further steps in relation to those charges.
[31 July 2012]
New Zealand’s entertainment and media market is now showing signs it’s beginning to embrace the new ways New Zealanders wish to consume entertainment and media content. That’s the sentiment revealed in the second edition of PwC New Zealand’s entertainment and media outlook publication.
[27 July 2012]
The Receivers of Bridgecorp Limited (In Receivership & In Liquidation) today are pleased to announce a second interim dividend to Bridgecorp's secured investors of $20.6m (4.5 cents in the dollar).
[25 July 2012]
PwC New Zealand is pleased to share with you the Australian and New Zealand Online Shopping survey. This is the second year PwC has teamed with Frost & Sullivan to produce one of the most comprehensive online research reports across Australasia.
[17 July 2012]
PwC Partners John Fisk, David Bridgman and Malcolm Hollis, Receivers of Pike River Coal Limited (In Receivership) today confirmed the completion of the sale of the Pike River Coal Mine and related assets to Solid Energy.
[17 July 2012]
Five PwC people are getting ready to compete in the world’s biggest sporting event, and one of them is from our own PwC New Zealand office.
The PwC network is home to three people who have qualified for the London Olympic Games and two people who will represent their country at the London Paralympic Games.
[16 July 2012]
New Zealand’s water and wastewater supplies will be in the spotlight when local government leaders will be asked on Monday to consider how our country’s water resource can be better managed and regulated at this year’s Local Government New Zealand Conference.
[29 June 2012]
From Monday, PwC will have a new Chairman at its helm to take over from retiring Chairman John Shewan.
Partner Jonathan Freeman has been elected the new Chairman of PwC New Zealand by the firm’s Partnership team.
[28 June 2012]
PwC welcomes two new Partners to its New Zealand firm from 1 July 2012. This brings the number of full equity Partners to 108 and the total number of new Partners admitted since the start of the year to five.
PwC’s Chief Executive Officer Bruce Hassall says he’s committed to continuing to grow the New Zealand firm to better service the needs of PwC’s clients.
[8 June 2012]
John Fisk and David Bridgman, of PwC, have been appointed Liquidators to eight companies within the South Canterbury Finance Group during the afternoon of 7 June 2012. The appointments were made by shareholder special resolutions following approval of the Liquidators’ appointment from the High Court in Wellington.
The liquidations are the final step in the insolvency process of the Group following the sale of the remaining non-cash assets to Crown Asset Management Limited on 1 June 2012.
[7 June 2012]
Businesses need to start preparing today for tomorrow on late payment fees being subject to GST.
The Finance and Expenditure Committee has reported back on the Taxation (Annual Rates, Returns filing, and Remedial Matters) Bill. It recommends making amendments to the GST treatment of fees for the late payment of an account (late fees), meaning late fees will be subject to GST.
[24 May 2012]
The forecast turnaround in the state of the nation’s accounts is highly dependent on bullish growth forecasts between now and 2016 say PwC. The other major contributor is rigorous control over crown spending.
[10 May 2012]
PwC Partners John Fisk, David Bridgman and Malcolm Hollis, Receivers of Pike River Coal Limited (In Receivership) today announced Solid Energy New Zealand Limited has completed its due diligence and has signed a sale and purchase agreement for the Pike River Coal Mine.
[18 April 2012]
PwC welcomes the admission of Scott Mitchell as a Consulting Partner, based in the Auckland office of the New Zealand firm. Scott’s appointment as a lateral recruit partner shows the firm’s commitment to cement its leading role in this sector.
[2 April 2012]
John Fisk and Jeremy Morley, of PwC, as the Liquidators of Computer Power (NZ) Limited (In Liquidation) are pleased to announce an agreement has been reached that will enable a way forward for the staff and students of Computer Power.
[2 April 2012]
China is now the world’s second largest economy, having overtaken Japan in 2010, and it is estimated China’s economic output will match the United States by 2027.
As revealed in PwC’s China: Changing New Zealand forever publication, considering New Zealand relies for its wealth creation and standard of living on its exports and trade with the rest of the world, China is an opportunity for growth New Zealand businesses cannot afford to ignore.
[30 March 2012]
PwC welcomes the admission of Wayne Munn as a Corporate Finance Partner in the firm’s Christchurch practice. Wayne’s appointment as a lateral recruit partner shows PwC’s commitment to play a leading role in the rebuild of Christchurch and Canterbury.
[30 March 2012]
John Fisk and Jeremy Morley, of PwC, as the Liquidators of Computer Power (NZ) Limited (In Liquidation) today provided an update on the progress of the Liquidation.
[23 March 2012]
John Fisk and Jeremy Morley of PwC, Liquidators of Computer Power (NZ) Limited (In Liquidation), today provided an update on the progress of the Liquidation following on discussions with relevant stakeholders and interest parties.
[16 March 2012]
Talent could prove to be a potential game changer to the growth prospects of Chinese companies. This is according to PwC’s 15th Annual Global CEO Survey that explores Chinese CEOs' focus on developing talent and boosting innovation in their bid to capitalise on the Chinese economy's still-promising growth outlook and burgeoning domestic consumption.
[9 March 2012]
PwC Partners John Fisk, David Bridgman and Malcolm Hollis, Receivers of Pike River Coal Limited (In Receivership) today announced they have reached agreement with Solid Energy New Zealand Limited for the sale of the assets of Pike River Coal Limited (In Receivership). The agreement is conditional upon due diligence by 30 March 2012, together with other conditions, with settlement expected in May or later depending on approvals being obtained.
[10 February 2012]
New rules targeting US tax evaders are expected to significantly affect the entire New Zealand financial services industry.
[10 February 2012]
New Zealand’s five major banks (ANZ National, ASB, Bank of New Zealand, Kiwibank and Westpac) have revealed core earnings growth of 25% in the second half of their 2011 financial years (2H11) when compared to the previous six months (1H11).
[3 February 2012]
Following on from today’s Government announcement of its NZ Inc China Strategy, PwC confirms its support for the policy directions and partnership objectives.
PwC Partner and China sector spokesperson Colum Rice believes China will be an important source of funding for New Zealand business and infrastructure.
[31 January 2012]
PwC Partners Colin McCloy and David Bridgman, Receivers of Zion Wildlife Gardens Limited (In Receivership & In Liquidation) in Kamo, Northland, today have confirmed the sale of the business and assets of Zion.
[31 January 2012]
The fragility of the world economy with the possibility of a return to recession poses the greatest risk to the banking industry, according to a global survey by PwC and the Centre for the Study of Financial Information (CSFI) in Banking Banana Skins 2012. This survey describes the risks currently facing the global banking industry, as seen by a wide range of bankers, banking regulators and close observers of the banking scene around the world.
[27 January 2012]
PwC Partners Colin McCloy and David Bridgman, Receivers of Zion Wildlife Gardens Limited (In Receivership & In Liquidation) in Kamo, Northland, today have confirmed the progress of the sale of the business and assets of Zion.
[17 January 2012]
The Receivers of Zion Wildlife Gardens Ltd (In Receivership & In Liquidation) confirm an application has been made to the High Court in Auckland.
Receiver and PwC Partner Mr Colin McCloy says “the Court application is intended to support the sale of the Zion Wildlife Park, as a going concern with the existing animals remaining in the Park.
2011 news releases
[16 December 2011]
John Fisk, Receiver of Pike River Coal Limited (In Receivership), advised today “there are a number of international parties that are interested in the mine but they each have their own internal processes to follow which will take longer than we had initially hoped. Therefore, we don’t expect to be signing a sale agreement this side of Christmas.”
[10 December 2011]
PwC today has released its second outlook for the global sports market “Changing the game: the Outlook for the Global Sports Market to 2015” which reveals despite the ongoing troubling economic climate, the sports industry has continued to thrive with many major sporting events proving to be more popular than ever, yet boundary blurs between balancing competitive sport with mass-entertainment.
[30 November 2011]
Nearly half of the 93 New Zealand respondents to the 2011 PwC Global Economic Crime Survey say they have suffered fraud in the past year, with cybercrime emerging as the latest threat to hit businesses.
[11 November 2011]
The Pike River Receivers confirm that a number of charges have been laid against the company by the Department of Labour. These were served yesterday.
[10 November 2011]
As proud egg heads, staff from PwC Auckland and Wellington will strip and shave off their hair tomorrow in a Wellington vs. Auckland ‘Nude-Noggin Friday’ challenge to see who can raise the most money for the Leukaemia & Blood Foundation.
[9 November 2011]
This year’s survey by PwC of local government leaders around the world including Auckland, Wellington and Dunedin confirms leadership is critical to the development and execution of an organisation’s strategy. But with public, private and voluntary sector organisations collaborating to deliver public services, all stakeholders need to be aligned in order to maximise the chances of success and being able to do more with less.
[31 October 2011]
According to PwC’s latest edition of Leading Energy, an analysis of key issues and challenges facing New Zealand’s electricity generation and retail companies, recommendations from the Ministerial Review of Electricity Market Performance continue to impact the electricity market. Key recommendations progressed during the year included the sale of Meridian Energy’s Tekapo hydro generation assets to Genesis Energy, and the signing of the virtual asset swaps between the Stated Owned Enterprise (SOE) generators.
[3 October 2011]
This year’s Sustainable 60 Awards finalists know sustainability isn’t an add-on or achieved with an annual tree-planting day.
“More New Zealand businesses are getting the idea of sustainability as a business driver. This is increasingly evident as Sustainable 60 celebrates its third year,” says Unlimited magazine editor Mark Revington.
[28 September 2011]
PwC (formerly known as PricewaterhouseCoopers) is pleased to announce it has signed a Memorandum of Understanding (MoU) with China Development Bank (CDB).
The MoU was signed at Premier House, Wellington today by President of CDB Shanghai Branch GUO Lian and PwC Chief Executive Officer Bruce Hassall. On hand to witness the signing was Chinese Vice Premier HUI Liangyu and New Zealand Deputy Prime Minister Hon. Bill English.
[19 September 2011]
PwC (formerly known as PricewaterhouseCoopers) is playing its part in the community by donating more than 1,000 shrubs to the Onehunga High Business School.
[12 September 2011]
The Receivers of Pike River Coal Limited (In Receivership) (PRC) – John Fisk, David Bridgman and Malcolm Hollis, from PwC – have successfully reached a settlement with PRC’s insurers in respect of material damage and business interruption claims arising from the tragic events of 19 November 2010.
[24 August 2011]
Today’s Supreme Court decision in favour of the Commissioner of Inland Revenue in a case involving two surgeons who were alleged to have paid themselves artificially low salaries to reduce their tax bill is a landmark decision, says PwC Chairman and Tax Partner John Shewan.
[9 August 2011]
A High Court hearing took place today to discuss the receivers' access to Zion Wildlife Gardens Limited (In Receivership) due to being denied access to the property.
Receivers Mr Colin McCloy and Mr David Bridgman, from PwC, are currently waiting for the court order to be issued.
[5 August 2011]
New Zealand’s five major banks (ANZ National, ASB, Bank of New Zealand, Kiwibank and Westpac) have revealed a 2% increase in core earnings in the first half of their 2011 financial years (1H11), which is a respectable result considering the difficult conditions the banks are operating in.
[2 August 2011]
Almost half of the New Zealand population will shop online in 2011 with each shopper spending an average of almost NZ$1,400. Total country online shopping expenditure for the year is expected to reach $2.68 billion, representing an increase of 12 per cent over 2010. Of this total amount, an estimated $910 million or 34 per cent will be spent with offshore online retailers according to a new report published by PwC and Frost & Sullivan.
[1 August 2011]
The New Zealand entertainment and media industry held its ground during the recession, with revenues growing a healthy 3% during 2010, according to the inaugural PwC New Zealand’s Entertainment and Media Outlook 2011-2015 report released today.
[26 July 2011]
Colin McCloy and David Bridgman, partners from PwC, have been appointed Receivers of Zion Wildlife Gardens Limited in Kamo, Whangarei.
[18 July 2011]
The Receivers of Bridgecorp Limited (In Receivership & Liquidation) are pleased to announce matters with the IRD have now been resolved. This development will enable an interim dividend to be paid to secured debenture investors.
[6 July 2011]
Please help us back our boys in Brissy by spreading the word about our “Great Quake Crusade”!
The Crusaders have done Cantabs proud with their fantastic effort to make the final on Saturday. Now PwC and its long standing client, Versatile Homes & Buildings, want to do something for the Crusaders and the fans - particularly those for whom, going to a final like this would only be a dream at this time, not a reality.
[4 July 2011]
The Receivers of Pike River Coal Limited today outlined the following key considerations in relation to body recovery plans in the context of any potential sale of the mine.
[28 June 2011]
PwC welcomes three new partners to its New Zealand firm. This brings the number of full equity partners to 113.
PwC’s Chief Executive Officer Bruce Hassall says “we’re focused in leading and influencing the business debate in New Zealand and our growth reflects our objective to best serve our clients’ requirements. Ultimately, our people are our main asset to make this happen.
[24 June 2011]
The status quo in the private banking and wealth management industry is changing as the focus shifts to client service and value delivery, according to a new PwC report. The report -Anticipating a New Age in Wealth Management - includes findings from PwC’s 2011 Global Private Banking and Wealth Management Survey.
New competitors are challenging the dominance of established firms, and the impact of new regulations and more demanding client expectations are forcing private banks and wealth managers to change their client service infrastructures and the way they operate. Those who can master change will be in a position to win increased market share and lead the industry, says PwC.
[22 June 2011]
A new global study is calling for businesses to give a truer account of company performance or face losing stakeholder confidence.
In its ‘agenda for debate’ PwC , the Chartered Institute of Management Accountants (CIMA) and think tank Tomorrow’s Company warn the days of measuring performance by profitability at the exclusion of other outcomes are ending.
[15 June 2011]
How the financial crisis has affected the long term outlook for the global banking industry.
Banking markets of the world’s seven leading emerging economies (E7) are forecast to outgrow their G7 counterparts by as much as 50 per cent by 2050.
[3 June 2011]
New PwC study: "Demystifying innovation: Take down the barriers to new growth"
Innovation – in the form of developing new products and services – has become as important to growth for CEOs as raising their share of existing markets. A survey by PwC of 1200 CEOs from around the world has found innovation, along with increasing their existing business, now outstrips all other means of potential expansion, including moving into new markets, mergers and acquisitions, and joint ventures and other alliances.
[2 June 2011]
Continued monitoring of the mine atmosphere this week shows whilst there has been a decrease in carbon monoxide levels, it is still not safe to attempt the planned stabilisation work at the portal of the mine. The situation will continue to be monitored so work on the portal can commence as soon as possible.
[1 June 2011]
The CSFI’s latest Insurance Banana Skins survey, conducted in association with PwC, polled nearly 500 insurance practitioners and industry observers in 40 countries (including New Zealand) to find out where they see the greatest risks over the next two-three years.
[27 May 2011]
How new world cities are knocking the traditional powerhouses down the list and balanced economies and strong quality of life offer an attractive alternative. Good news for our Kiwi cities.
Chief Executive Officer Bruce Hassall says “this is a great and well-deserved achievement for our partners Michele and Karen, and a good recognition for our firm’s expertise and thought leadership.”
[26 May 2011]
Tests undertaken as part of the Mine Stabilisation Plan have revealed gas levels (mainly Carbon Monoxide) have increased to such an extent the mine remains unstable, and work at the portal will have to be delayed by at least a week.
[20 May 2011]
Partners Michele Embling and Karen Shires have been appointed members of the New Zealand Accounting Standards Board (NZASB) and the New Zealand Auditing and Assurance Standards Board (NZAuASB) from 1 July 2011.
Chief Executive Officer Bruce Hassall says “this is a great and well-deserved achievement for our partners Michele and Karen, and a good recognition for our firm’s expertise and thought leadership.”
[19 May 2011]
Here is our initial reaction to the New Zealand Government's Budget announcement.
PwC Chairman John Shewan say "Budget 2011 delivers an austere but sensible reform package that, as expected, includes changes to KiwiSaver, Working for Families and student loans."
[17 May 2011]
The agility of New Zealand and Australian organisations will come under the microscope for the first time in a study launched today by the University of Melbourne and leading professional services firm PwC.
Phil Royal, PwC New Zealand’s Consulting Leader, says the concept of agility is emerging as a key indicator of organisational success.
[9 March 2011]
PwC welcomes the admission of Colin Slater as Security and Technology Partner to the New Zealand firm.
Colin has more than 15 years of experience in IT security and consulting. From a background of developing encryption and real-time software in the marine surveying industry, Colin has worked in diverse areas of systems development and consulting including holding senior positions in the National Bank, Sytec, the Risk Advisory Group and PwC.
[9 March 2011]
The New Zealand Police and Pike River Coal Limited (In Receivership) (the Company) announced today that the Company has resumed control of mine stabilisation operations at Pike River Mine.
One of the receivers of the Company, Mr John Fisk, said today that the Company intends to implement the Mine Stabilisation Plan prepared by Company management in conjunction with expert mining advisers. A separate fund has been set aside for this purpose.
[21 February 2011]
PwC welcomes three new partners to the New Zealand firm. This brings the number of full equity partners to 109.
PwC’s Chief Executive Officer Bruce Hassall says “Our people are our main asset. I am very proud that at PwC we continue to invest in our people’s professional growth. The admission of Craig Reid, Kirsty Godfrey-Billy and Wayne Tainui will ensure we cement our place as the leading professional services firm in New Zealand.”
[11 February 2011]
Bean counters with big hearts will be running a non-stop relay from Napier to Wellington to support families who will stay in Wellington’s new Ronald McDonald House.
[11 February 2011]
New Zealand’s five major banks (ANZ National, ASB, Bank of New Zealand, Kiwibank and Westpac) have put together solid profits for the second half of their 2010 financial year (2H10), and combined with the unspectacular, yet respectable, profits for the first six months of the financial year (1H10), have resulted in a collective performance which must be rewarding given the deep scarring that occurred during 2009.
[2 February 2011]
PwC (formerly known as PricewaterhouseCoopers) Partner John Fisk and Director David Blanchett have confirmed the sale of Mairoa Downs farm.
[26 January 2011]
Two years on from the depths of recession, CEOs' confidence in future growth has returned to nearly pre-crisis levels, according to PwC's 14th Annual Global CEO Survey. In the worldwide poll of 1,201 CEOs, 48% said they were “very confident" of growth in the next 12 months. That's a major shift from the 31% last year who were "very confident" and approaches the 50% reached in 2008 before the onslaught of the economic crisis.
[17 January 2011]
On 13 January 2011, the New Zealand Police wrote to the Receivers – John Fisk, David Bridgman and Malcolm Hollis, partners from PricewaterhouseCoopers - requesting Pike River Coal Limited (PRC)’s plans with regard to the mine following cessation of the recovery operation.
[14 January 2011]
Yesterday, Commissioner of Police Howard Broad announced the Police’s decision to cease efforts to re-enter the mine and the attempted recovery operation due to continuing difficulties with initiatives to stabilise the mine. The Police have committed to secure the mine in the interests of public safety.