New Zealand’s soaring dollar is punishing exporters and threatening our economy, so what should we be doing about it?
Simon Ward has been firing off furious emails to the many business lobby groups he pays to represent his interests. His message: the high New Zealand dollar – currently around US82c – is snatching away his profits and wearing him and his staff down. Something must be done about it. Ward manufactures heavy machinery; one of his main products is a clever device that tilts shipping containers up on end, allowing them to be filled with bulk material. The 13-year-old Onehunga company, A-Ward Attachments, sends 95% of its production overseas, and has just become a finalist in the steel industry’s ...
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