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.
ENDS