Skip to content.
Updated at 6:03 am on 22 August 2011
The chief executive of a northern tribe says the plan for a Maori consortium to buy shares in state-owned enterprises is a brilliant prospect for smaller iwi, as well as the big players.
Fifty iwi chairs have agreed to join forces and buy into state-owned energy companies, and Air New Zealand, if the government goes ahead with plans for a 49% sell-down of shares next year.
Te Rarawa chief executive Kevin Robertson says the consortium would allow small tribes a stake in New Zealand's infrastructure they could otherwise miss out on.
He says the two giants in the Maori economy, Tainui and Ngai Tahu, are willing to set up a toolbox that allows other iwi to join the share co-op as and when they gain the resources.
Mr Robertson says for iwi like Te Rarawa who have yet to settle their Treaty claim, that represents a fantastic opportunity.
He says the consortium model would be based on the Fonterra co-operative model, and would keep the SOE's entirely in New Zealand hands.
Mr Robertson says the consortium model has worked well for iwi that have pooled fishing quota to gain a meaningful stake in that industry.
Copyright © 2011, Radio New Zealand
Email the team firstname.lastname@example.org
Audio is categorised based on the frequency of the programme it was heard in. Click on the headings below to access the programmes. For the most recently published audio, go to the latest audio page.
Streams are in Windows Media format. Mac and Linux users may need to install additional software. Get help with audio
A selection of music interviews, reviews, videos, concerts, sessions, and performances.
Downloads and podcasts are available for selected programmes. Our podcast page has a complete list of feeds.
Help on using online audio: formats, software, podcasts, downloading, and troubleshooting.