An outstanding idea

Iwi are looking at the opportunity afforded by the mixed ownership model:

An alliance of Maori tribes plan to buy up to 20 per cent of any state-owned power companies put up for partial sale by the new National Government.

Prime Minister John Key is sticking by his party’s plan to sell up to 49 per cent of Meridian Energy, Mighty River Power, Genesis Energy and Solid Energy in the wake of National’s election win on Saturday.

He has rejected suggestions his party lacks a mandate to partially sell off the state-owned assets.

Ngai Tahu chair Mark Solomon this morning told Radio New Zealand a consortium of tribes were interested in a large stake in the companies.

The partnership would work because iwi would not on-sell the shares overseas and would reinvest dividends in New Zealand, he said.

I think this is an outstanding idea – have an alliance of Maori tribes join the mixed ownership model the Government won re-election on.

Next step –  imagine IwiSaver – a Kiwisaver provider that invests in the future retirement savings of Maori New Zealanders. The bulk of their investing would probably be subcontracted out to one or more funds managers, but think of the ongoing wealth that could be created by Maoridom – in NZ assets. Have a special “IwiSaver” contribution rate of 1% for Maoris on salaries to contribute and get matching contributions for their own accounts.

Promoting Maori financial literacy, self-sufficiency and an ongoing partnership between Iwi and the Crown in infrastructure – can surely only be a good thing?

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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.

To read Cam’s previous articles click on his name in blue.