Maori business leaders keep eye on social investment
|13 Feb 2020 15:36 PM|
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The third Whakapiki i te Putea - Raising Māori Investment Capability Conference in Tauranga has attracted chairs and executives from Māori trusts and incorporations, treaty settlement organisations, and hapū and marae committees, as well as individual Māori business people.
Buddy Mikaere says the default position of many Māori organisations has been to leave their money in banks on term deposit, but as interest rates head negative that means they must find productive uses for their capital or they will go backwards.
Highlights have included presentations from the commercial arms of Ngāi Tahu and Tainui.
"Everybody's quite interested in not just the commercial returns from those investments but the social investment that goes with the money earned, where that's been put and how that is used. It has been a very interesting exercise," he says.
The conference wraps up today.Copyright © 2020, UMA Broadcasting Ltd: www.waateanews.com