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Willis dumps on Trump for GDP slump
Jonathan Mitchell
Thu, 18 Sep 2025
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Hayley Gourley appointed to Monetary Policy Committee
Experienced agribusiness executive Hayley Gourley has been appointed as an external member of the RBNZ’s Monetary Policy Committee.
She is currently a non-executive director of Seeka and was previously a non-executive director of Landcorp Farming.
Finance Minister Nicola Willis said Gourley had experience across corporate, rural, and financial services sectors. “Her roles at both board and executive level in leading agribusinesses provide her with a unique perspective that will enhance the Committee’s discussions.”
Gourley’s appointment follows a recommendation from the Reserve Bank’s board. Her four-year term starts on October 1, succeeding Professor Bob Buckle, who will retire at the end of this month.
MyFarm Kiwifruit Fund launches $35m capital raise
The money from primary sector investment manager MyFarm Kiwifruit Fund's $35 million capital raise will be put towards buying and developing SunGold kiwifruit orchards in Bay of Plenty and Northland, and purchasing more Zespri shares.
Wholesale investors can purchase new units in the fund at $1.02 each, with a minimum investment of $250,000.
The capital raising follows the Syndex-traded fund’s successful first full year of operation. In the financial year through to the end of May it delivered a total return of 12.8%.
That included a 4.5% annualised cash distribution and a net asset value of $1.08 per unit.
The fund has forecasted cash distributions of between 6% and 7% in FY26, and 6% to 9% in the long-term. It is targeting a long-term total return (cash distributions and capital growth) of 10% annually.
MyFarm's Kiwifruit Fund has 17 SunGold orchards across Bay of Plenty and Northland. It also holds 3.64 million shares in Zespri, making it the second largest shareholding entity.
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