Post by Kiwi Frontline on Jan 26, 2016 16:37:06 GMT 12
Māori economy in 'strong' position
The Māori economy is doing well. It's estimated to have a shared wealth of $40 billion, with the biggest investments in the fishing, forestry and farming industries.
"Overall it's pretty good news," said Mr Barry. "Six of the seven iwi are doing really well in terms of their financial investments performance. Ngai Tahu and Ngati Whatua ki Orakei stand out in the last couple of years, but generally it's been a good solid performance."
Ngati Whātua ki Ōrākei - which settled with the government just four years ago for $18 million - now has an asset base worth $767m, after earlier having $500 million in land assets.
Waikato-Tainui, which settled with the Crown in 1995 for $170m, now has an asset base of $1.1bn. Mr Barry said the tribe had traditional investments along with commercial ones such as Hamilton's The Base - New Zealand's largest shopping centre.
According to the Office of Treaty Settlements website, more than 50 groups or iwi have settled their grievances with the Crown. About 14 more have signed a deed and another 15 are in negotiations. The remainder have yet to begin the process….
www.radionz.co.nz/news/te-manu-korihi/294900/maori-economy-in-'strong'-position
The Māori economy is doing well. It's estimated to have a shared wealth of $40 billion, with the biggest investments in the fishing, forestry and farming industries.
"Overall it's pretty good news," said Mr Barry. "Six of the seven iwi are doing really well in terms of their financial investments performance. Ngai Tahu and Ngati Whatua ki Orakei stand out in the last couple of years, but generally it's been a good solid performance."
Ngati Whātua ki Ōrākei - which settled with the government just four years ago for $18 million - now has an asset base worth $767m, after earlier having $500 million in land assets.
Waikato-Tainui, which settled with the Crown in 1995 for $170m, now has an asset base of $1.1bn. Mr Barry said the tribe had traditional investments along with commercial ones such as Hamilton's The Base - New Zealand's largest shopping centre.
According to the Office of Treaty Settlements website, more than 50 groups or iwi have settled their grievances with the Crown. About 14 more have signed a deed and another 15 are in negotiations. The remainder have yet to begin the process….
www.radionz.co.nz/news/te-manu-korihi/294900/maori-economy-in-'strong'-position