Labour Wipes Millions off the NZ Super Fund

Labour has wiped literally millions of dollars off of the NZ Superannuation Fund.
The NZ Superannuation Fund lists Telecom as a major holding valued at $61,707,733 as at 31 March 2006. At the close price ($5.54 ) on that day that would mean that the NZ Super Fund owned 11,138,579 shares in Telecom.
On the share price close ($5.55 ) on the 3 May 2006 those shares were valued at $61,819,118 meaning the governments actions have wiped $5,569,289 off of the value of the NZ Super Fund holdings, and the damage hasn't finished yet.
How much more damage can Labour do to our economy and the future of New Zealanders? I predict lots more.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.