Asset Sales programme very popular

The government’s mixed ownership model is underway and it is looking very popular.

A $1 million advertising campaign will today kick off the Government’s bid to spark a rush for shares in the first sale of state assets in more than a decade.

Investment experts expect hundreds of thousands of people to get in the queue when the Government starts building a list of potential buyers in Mighty River Power shares – attracted by no brokerage fees and a loyalty bonus limited to New Zealand citizens and permanent residents.

Prime Minister John Key yesterday reiterated the Government’s promise that Kiwis would be first in the queue for shares and said he would hold to his election-year promise to aim to keep ownership of at least 85 per cent of Mighty River Power in New Zealand hands. Of that, 51 per cent will be the stake that remains in Government ownership.

A website launched today will be accessible only from within New Zealand as a sign of the Government’s sensitivity. “The Government’s intentions are crystal clear; that is . . . New Zealanders at every turn are favoured,” Mr Key said.

But opponents are accusing the Government of ignoring widespread opposition to asset sales. They have collected nearly 400,000 signatures in a bid to force a referendum. 

I reckon more people will register an interest in buying shares than have signed the dodgy taxpayer funded referendum. And I for one don;t believe the numbers they have touted. Today they are claiming 400,000 signatures, on Friday Shearer was saying 370,000.

30,000 valid signatures in a weekend?

Labour and the Greens want us to believe they are credible on numbers.

If they really got 30,000 valid signatures in a weekend, then this referendum should have been sorted months ago.

I think it is actually a massive database building exercise, and now taxpayer funded Labour and Green staffers in parliament are furiously copying details off the forms into a database. People who signed the referendum are about to be spammed.

Meanwhile a Stuff poll shows just exactly how people feel.

stuff poll

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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.