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Tama Potaka: Māori Development Minister on iwi-owned commercial entities outperforming large companies · Best of Business

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  Speaker 1: You're listening to a podcast from News Talk zed B.
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  Speaker 2: So we've got new data out from A and Z
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  Speaker 2: showing that the Mati economy is outperforming some of the
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  Speaker 2: country's largest listed companies. Research suggests that EWE and Hapoo
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  Speaker 2: owned entities have emerged from the economic downturn in pretty
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  Speaker 2: good shape actually, and they perform better on a returns basis.
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  Speaker 2: Tama Putaka is the Marti Development Minister with us.
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  Speaker 3: Good morning, Tama, Thank you to Heather. How are you
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  Speaker 3: going very well?
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  Speaker 2: Thank you? What are they doing right?
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  Speaker 3: Oh? Look, you know many of the EWE and Marti
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  Speaker 3: businesses are landing people base, they have low debt levels
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  Speaker 3: and often it's the generational players. So getting the opportunities
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  Speaker 3: to build out things like they do. It could a
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  Speaker 3: logistics upham Hamilton. That's what many of the we are
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  Speaker 3: all about.
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  Speaker 2: We're often using the Wycuttle case rights as an example
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  Speaker 2: of how you know we are doing well? But is
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  Speaker 2: this I mean obviously apart from them and Naitahu, what
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  Speaker 2: are the others up to? Are they doing as well well?
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  Speaker 3: You might have noticed a report recently about ninety five
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  Speaker 3: toward Ka partnering to rebuild Eastcliff up at East Akland
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  Speaker 3: centralking just across the water from where you are, Heather,
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  Speaker 3: and there's a number of EWE who are working together
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  Speaker 3: have gone from about zero dollars to about a half
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  Speaker 3: a billion dollars worth of property together. It's about thirty
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  Speaker 3: EWE and mini groups working together in a business known
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  Speaker 3: as cart Pi.
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  Speaker 2: What toma? What have we we got? These three examples
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  Speaker 2: that are the ones that are often used. It's Nati fatawa,
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  Speaker 2: naitahu tai nui are they sort of like leaps and
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  Speaker 2: bounds ahead of all the other EWI?
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  Speaker 3: Well, I think there are some e WE groups, but
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  Speaker 3: there are also some land based organizations like trust people
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  Speaker 3: or groups that own GFM or power stations in the
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  Speaker 3: middle of the North Iron groups that own massive dairy
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  Speaker 3: farm whole ins throughout the country, particularly places like Tatanaki
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  Speaker 3: and mckin country. So p kaw And Corporation is a
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  Speaker 3: great example in Tutenaki at the largest owner of Fonterra shares.
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  Speaker 3: Down that way, what happens to the profits, well, profits
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  Speaker 3: as they are to be made and a lot of
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  Speaker 3: the reports around balance sheet growth. Heather rather than often
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  Speaker 3: and lost growth are often reinvested into the business and
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  Speaker 3: sometimes help out with charitable purposes or pharmo purposes, for
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  Speaker 3: example helping co mart to get access to healthcare. Audo Ka,
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  Speaker 3: I've got something fantastic which is helping pay for health
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  Speaker 3: insurance so many of their ewing members have better access
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  Speaker 3: to health nib Tom, do you ever.
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  Speaker 2: Show this to Napoo up North and say you need
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  Speaker 2: to sign? This is what happens if you sign?
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  Speaker 3: Oh? Well, I think the challenges are North a little
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  Speaker 3: bit different, but they've got their own pathway. But what
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  Speaker 3: I'm really focused on is making sure I support and
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  Speaker 3: work with people like Paul Goldsmith who leading the Tree
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  Speaker 3: client process and that can lead to mass and a
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  Speaker 3: massive not just tribal growth, but regional economic growth. And
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  Speaker 3: it's really energizing for me to know that marya strong
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  Speaker 3: contributors to the national economy.
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  Speaker 2: Good Souff Thoma. Thank you very much for your time.
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  Speaker 2: It's always time of Paul Taka Marti Development Minister.
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