Farmers have been warned to "prepare for strong winds and snowy conditions, and shelter any vulnerable livestock".
Motorists have also been advised to take care, as snowfalls may affect some roads in Southland and Otago.
The North Island meanwhile, will see a damp weekend, with showers in most places.
MetService meteorologist Dan Corbett said weather would "gradually settle down after quite an active week".
"A lingering low will make it a damp start to the weekend across the North Island, but elsewhere it should be improving with the exception of a few showers in places," he said.
"A passing trough will usher in some colder air down south with some wintry showers to low levels by Saturday night.
"On Sunday a large high to the west of New Zealand will move a bit closer, allowing the fine and more settled weather to gradually work in from the west during the day.
"Temperatures by the end of the weekend will be a bit cooler across most of the country as a southwesterly flow moves in."