Network Waitaki gives $121,476 to 52 groups
Network Waitaki has dished out more than $120,000 to community groups in the district.
The Oamaru-based lines company held its annual sponsorship awards night at the Oamaru Opera House on Monday, giving away a total of $121,476 to 52 groups.
Network Waitaki chief executive Dylan Andrews said the selection process was as difficult as ever due to "so many worthy initiatives".
"More often than not, our sponsorship grant is a significant contribution towards the cost to buy new equipment, help pay for a tournament or improve the wellbeing of people in the community.
"Every bit helps make Waitaki a better place to live and play."
In addition to the sponsorship awards, Network Waitaki is also a continued sponsor of the Otago Southland Rescue Helicopter and the new Network Waitaki Events Centre.
Applications for Network Waitaki's Individual Sporting Programme are open until September 30 and can be made through its website.
Individuals can apply for financial support for personal participation, either locally or at representative level, or for skills development in a chosen field such as music, arts or sport.
— APL
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NZ Herald
3 hours ago
- NZ Herald
NZ industrial gas crisis: Rising costs force businesses to cut operations
'On average, prices have surged more than 100% in the past five years, with a quarter of businesses surveyed now paying $25 or more per gigajoule,' Schirr said. Most businesses surveyed (80%) have contracts expiring by 2027, creating a narrow window for necessary transitions to alternative energy sources, she said. 'If we do nothing, a major de-industrialisation crisis could escalate in the next two years, having serious and devastating consequences for suppliers and customers of gas-using businesses.' Schirr said only some businesses can transition to alternatives. 'More than 40% of businesses surveyed say transitioning to alternative fuels is not commercially viable within the next five years, with a further 20% uncertain,' she said. 'Even with a phase-out period of 15 years, only 75% of all respondents were confident of being able to transition. 'The remainder say that switching may be possible if barriers are removed – including the prohibitive cost of conversion, lack of proven alternative technologies, uncertainty about commercial viability and the high cost or difficulty of upgrading on-site supply infrastructure.' The BEC and Optima believe that for industries able to transition, a joint industry and government plan for a managed reduction and transition away from industrial gas supply is needed, aiding industries in adopting alternative technologies. Schirr urged the Government to 'use all the levers at its disposal' to help free up gas supplies and get more gas out of the ground. Increased investment in developing gas fields short-term was desperately needed to reduce the shortfall in supply, she said. 'For investors to feel confident, there needs to be bipartisan agreement, providing important stability and certainty.' The Government is in the throes of reversing the previous Labour Government's 2018 ban on oil and gas exploration in and has set aside a $200 million contingency fund to aid exploration. The last significant offshore gas discovery was Pohokura, off the Taranaki coast, in 2000. Jamie Gray is an Auckland-based journalist, covering the financial markets, the primary sector and energy. He joined the Herald in 2011.
NZ Herald
3 hours ago
- NZ Herald
US tariff uncertainty clouds New Zealand's economic outlook
Eckhold said the decision to impose 15% tariffs on New Zealand's exports to the US is disappointing but manageable. 'While there are downside risks that still need to be monitored, these risks now seem less pronounced with the prospect of a full-blown trade war now unlikely. 'It remains the case that the country that will be hurt most by tariffs is the US itself.' Eckhold said annual Gross Domestic Product (GDP) growth should strengthen to 2.4% this year and around 3.1% in 2026, boosted by households' rising disposable income, a lift in export volumes and a gradual recovery in tourist arrivals. 'Uncertainty related to US tariffs and sluggishness in the labour market have likely weighed on the economy in the June quarter. In addition, statistical quirks associated with seasonal adjustment mean that we expect that measured GDP growth will likely be understated in the June quarter and overstated later in the year,' he said. Households with mortgages would continue to see the benefits of a falling OCR, Eckhold said. 'To date, mortgaged households have felt just half of the expected final impact of the RBNZ's policy easing. 'Around 50% of all mortgages will refinance over the next six months, further lowering the average mortgage rate paid by households. Together with growth in rural incomes and growing consumer confidence as the labour market stabilises, this should provide a boost to household spending.' Eckhold said he expected the unemployment rate to peak at 5.3% by the end of this year, before declining in 2026 and 2027. 'At present, demand for labour remains weak … as the economic recovery gathers steam and firms begin to lift hiring, we expect a downtrend in the unemployment rate to emerge in 2026.' Inflation was likely to approach the top of the Reserve Bank's (RBNZ) 1-3% target range over the second half of the year, reflecting rising food prices and large increases in administered prices (such as local council rates), Eckhold said. 'While inflation is likely to fall back towards the middle of the band early next year, the RBNZ needs to be mindful of the risk that a period of higher near-term inflation could feed into inflation expectations. 'This points to a cautious approach to easing monetary policy further'. Eckhold said Westpac expects the RBNZ will deliver a 25-basis-point cut to the OCR next week, having kept the cash rate on hold in July at 3.25%. 'If the economy evolves as expected, this is likely to be the low point for this cycle. 'A deeper easing cycle could still occur should the global economy underperform, or if consumers and businesses delay spending and investment. 'While there is plenty of water to go under the bridge over the next year, the OCR will likely begin to rise in late 2026 if the economy unfolds as expected, or perhaps sooner if the economy gathers steam more quickly than expected.' Cameron Smith is an Auckland-based business reporter. He joined the Herald in 2015 and has covered business and sports. He reports on topics such as retail, small business, the workplace and macroeconomics.
NZ Herald
14 hours ago
- NZ Herald
NZX50 lifts 0.5%, Metroglass cracks and Eroad climbs
'New Zealand dairy is still in demand, which is good and bad for them. It's an input cost for the consumer business, but generally good for farmers and their cooperative members.' Infratil continued its solid run since mid-June, gaining 1.77% to $7.67. The infrastructure investor traded at under $10 as recently as April. Takeovers, small caps Metro Performance Glass shares fell 20% to 4 cents after the glass supplier unveiled its plan to shore up its finances and secure new banking facilities. The company has agreed a deal with Amari Metals for the latter to take a 51% stake in the company following its proposed recapitalisation. The equity raise combines an $8.9m pro-rata rights offer with an additional placement to Amari Metals of up to $15m. Both tranches are priced at 3 cents per share (cps). Metroglass said an independent report by Grant Samuel concluded there were 'no viable alternatives'. Also on the takeover front, Vital's board urged investors to accept Tait Communication's takeover offer, warning the deal could collapse if the 90% minimum acceptance condition is not met before the mid-September deadline. In June, Tait Communications, a Christchurch-based critical communications systems provider, made a formal offer to purchase NZX-listed Vital for 45cps. On Friday, the board reiterated its unanimous recommendation, urging shareholders to accept 'without delay'. Vital shares fell 3.3% to 44c, having traded above the offer price towards the end of last week. Eroad continued its run from last week, rising 7.18% to $2.09 on Monday. The share price for telematics and fleet management rose to a three-year high after the Government announced it would transition the light vehicle fleet to road user charges. Earnings season Robertshawe noted that due to continuous disclosure requirements, companies had already confessed their sins in June and July. Subsequently, he said markets were unlikely to be too surprised by earnings reports. 'People will be looking for the quality of results. Are there abnormals? Are there provision releases? Are there one-off sale processes? That will be the key. 'And then obviously the reporting on trading since the balance date, and what does trading look like for the first half of the 2026 financial year? Vista Group, which reports its half-year results on Thursday, would be the most interesting stock to watch this week, he said. 'They hinted at a slight slowdown in uptake and migration to their new product, but it feels almost like they don't have the resources to go faster, as they've tried to hit free cash flow break-even. 'There could be an interesting announcement where they say they're going to push the company back into short-term cash flow deficits because they want to accelerate the growth to the new revenue model.' Vista traded flat at $3.50 on volumes worth nearly $1.5m.
