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Investing NZ money in New Zealand makes sense
Investing NZ money in New Zealand makes sense
The Kiwi
Party
Press Release
16th October
The Kiwi Party
leader Larry Baldock welcomed National's commitment to
invest 40% of the Super fund in NZ.
"This only
makes good sense if Government agrees to sell down at least
20% of our SOE's in Kiwi only shares. This will provide
safe long term investments not only for the Super fund but
also for Mum and Dad investors," he said.
"The Kiwi
Party has been advocating this for some time as a sensible
alternative to Labour's 'sell nothing' ideology and the
irrational fear that National might sell
everything.
"Kiwi only shares could be traded amongst
NZ resident individuals and companies and would not allow
for any overseas takeovers. The select committee report
recently highlighted the need for greater accountability
with our SOE's which are too often under performing given
the huge assets they contain. The sell down could
potentially generate $4-5 billion for much needed
infrastructure development in NZ for projects such as roads,
rail and fibre optic broadband development," Mr Baldock
said.
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