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Tama Potaka: Māori Development Minister on iwi-owned commercial entities outperforming large companies
Published 11 months, 1 week ago
Description
Iwi-owned commercial entities have outperformed some of New Zealand’s largest listed companies.
ANZ’s annual Te Tirohanga Whanui report shows the entities emerged from the economic downturn in good shape, faring better on a return on assets basis.
Waikato-Tainui’s Te Arataurare among the strong performers, having a balance sheet of $1.9 billion.
Māori Development Minister Tama Potaka told Heather Du Plessis-Allan there are some reasons behind the uplift.
He says many iwi and Māori businesses are land and people based, they have low debt levels, and are often generational players.
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