Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

SOS Preps New Release Of Win-Win Universal Vouchers After Debut Offer Sells Out In Hours

SOS Business, which has partnered with U.S.-based inKind, has launched the Universal Voucher, a win-win deal for customers and local businesses.

SOS was set up by New Zealander of the Year nominee David Downs and run by volunteers, as a way to help keep small businesses afloat through the COVID-19 pandemic. More than 2,500 businesses are now on the platform and Kiwis have bought up millions of dollars worth of vouchers to support them. inKind’s founder Johann Moonesinghe is continuing the SOS kaupapa by running the business without taking a profit, as New Zealand’s small businesses emerge from the pandemic.

Johann, a restaurateur and tech entrepreneur, says “SOS provided a massive boost for New Zealand’s local businesses through the COVID pandemic, and inKind’s intention is to supercharge that support. The Universal Voucher was created and launched in New Zealand by the inKind team because the economy is open. It is designed as a win-win for customers and local businesses, as the country looks beyond the pandemic.”

The Universal Voucher was created by Johann as part of his continuous push to find newer, better ways of supporting buying local. The Universal Voucher does something few vouchers truly do - offers a win-win to the local business and the customer. Each voucher purchase nets a 50% bonus - so a $50 voucher offers $75 of credit, and a $100 voucher offers $150 of credit. Customers are able to redeem the vouchers at any of SOS’s businesses, who receive all the funds from the voucher. The bonus is paid for by one of SOS’s generous sponsors, and SOS does not take a cut.

David, who remains as an advisor to SOS, said the Universal Voucher “really is win-win for local businesses and customers. There are no strings - SOS has got your back.”

The first round of Universal Vouchers, sponsored by Goodman Fielder and released just a few days ago, has already sold out - injecting $75,000 into the New Zealand economy. SOS is now prepping the next release.

SOS, which won the Innovator's Food Heroes Award 2020, launched the Universal Voucher in New Zealand as a result of the country’s successful management of COVID-19, and its ability to reopen the economy. The SOS Universal Voucher is the first of its type in the world and based on its early success, inKind is hoping to expand the program in New Zealand and abroad with the help of more corporate sponsors.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Motor Industry Association: 2020 New Vehicle Registrations Suffer From Covid-19

Chief Executive David Crawford says that like some other sectors of the New Zealand economy, the new vehicle sector suffered from a case of Covid-19. Confirmed figures for December 2020 show registrations of 8,383 were 25% ... More>>

CTU 2021 Work Life Survey: COVID And Bullying Hit Workplaces Hard, Huge Support For Increased Sick Leave

New data from the CTU’s annual work life survey shows a snapshot of working people’s experiences and outlook heading out of 2020 and into the new year. Concerningly 42% of respondents cite workplace bullying as an issue in their workplace - a number ... More>>

Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>

ALSO:

OECD: Area Employment Rate Rose By 1.9 Percentage Points In The Third Quarter Of 2020

OECD area employment rate rose by 1.9 percentage points in the third quarter of 2020, but remained 2.5 percentage points below its pre-pandemic level The OECD area [1] employment rate – the share of the working-age population with jobs – rose ... More>>

Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>

Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021

Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even ... More>>