Southland Police are investigating the recent stabbing of an elderly man in Mataura.

The victim, in his 70s, remains in a stable condition in Southland Hospital, after being stabbed at his flat following the offender demanding money from him.

Police are continuing to appeal for information on anything noticed by people who were near Main St, Mataura on Saturday night.

The offender is described as unshaven, approximately 5 foot 10 in height, and wearing a grey hoodie and dark pants.