A Māori academic says the burgeoning wealth of iwi businesses is not just increasing tribes' assets but is also increasing their wellbeing. Iwi assets are now worth an estimated $7.8 billion, with eight iwi accounting for 60 percent of that total. The figure comes from financial advisors TDB Advisory, which says Ngai Tahu has the biggest portfolio with nearly $1.7 billion dollars in assets. Manuka Henare is an Associate Professor at the University of Auckland Business School, and tells Guyon Espiner he senses Māori are looking for a new partner in terms of future business ventures. It has been the Crown in the past, but he says iwi will be increasingly looking to the private sector.
24 Jan 2018
