2 mins to read

Chorus 'nationalisation,' Citizen Yan's self-imposed mortgagee sale, heat on farmer lobby and 2013's listed dogs

Fund manager accuses the government of nationalisation over Chorus foot-dragging.

NBR Staff
Fri, 20 Dec 2013

Investors Mutual portfolio manager Simon Conn is accusing the government of nationalisation – by failing to rein in the Commerce Commission over Chorus’ regulation shock.

“If you want to nationalise the asset, you can buy it back for $10 billion,” he says in today’s National Business Review print edition.

In other news, the mysterious Chinese millionaire known as Citizen Yan has emerged as the latest owner of the troubled Albany Heights development – after effectively imposing a mortgagee sale on Marmande Property Investment, a company he is associated with. Meanwhile, the SFO is taking an interest.

Federated Farmers is under fire over interest rates swaps, following news the Commerce Commission is launching legal action against three major banks.

Employers and Manufacturers Association chief executive Kim Campbell writes how Greens/Labour have undertaken a sinister subversion of the political process with their power proposal and they should be punished.

In Margin Call, editor-in-chief Nevil Gibson runs the rule over the dog stocks – such as OceanaGold, Chorus and TrustPower – after a stellar economic year, and says a disaster is just a ballot box away.

Economics editor Rob Hosking, writing in Order Paper, notes there are ghostly chains, belonging to central bank governors past, rattling across the Bowen Triangle and political pressure on Graeme Wheeler as the 2014 election gets closer.

In NBR Property, Auckland developer Mansons TCLM is preparing to help tenants quit existing leases to get them into its new building at 151 Victoria St West.

Ad/Media reporter Victoria Young reviews the biggest wins and losses of the major creative agencies.

Business Traveller outlines how full-service airlines in Asia, such as Singapore Airlines and Malaysia Airlines, are hitting back against their low-cost rivals with comforts and inducements.


  • Media Watch offers up six of the best media and business books for your holiday reading list.
  • Paul Matthews muses about whether an MBA is worth it for IT professionals – after completing his two-year MBA at University of Auckland
  • In Tray exclusively publishes a letter penned by luxury traveller Hone Harawira, after his recent trip to South Africa.

All that and more in today’s National Business Review print edition. Out now.

NBR Staff
Fri, 20 Dec 2013
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Chorus 'nationalisation,' Citizen Yan's self-imposed mortgagee sale, heat on farmer lobby and 2013's listed dogs