The central South Island would be a much poorer place were it not for the business acumen and generosity of Allan Hubbard.
Many individuals and businesses owe their success to him as an individual or his company, South Canterbury Finance.
The Opuha Irrigation Scheme is one example where Hubbard’s generosity is public. There have been many more known only to him and the people, charities and businesses he has helped.
Both Hubbard and SCF have a reputation for integrity.
The difficulties the company is facing now which has resulted in a creditwatch negative from Standards and Poor’s, is not a result of shonky dealings or high living. I have no trouble believing Hubbard when he says:
. . . the change in the ratings status “should quickly be resolved as it is a matter of timing arising principally from a delay in finalising the company’s audited accounts.”
Hubbard and the company’s directors will be doing everything they can to solve what should be temporary problems and regain the company’s reputation and credit rating.
The Press has an interview with the quiet benefactor.