Tag Archives: Tribe

Ngai Tahu featured in Wall Street Journal (12.3.14)

### ODT Online Mon, 17 Mar 2014
Ngai Tahu’s financial acumen praised
By Hamish McNeilly
The economic foresight of Ngai Tahu has won the praise of the influential Wall St Journal. The article, published last week, noted the iwi had gone from being ”impoverished, virtually landless” to one of New Zealand’s wealthiest tribes with group assets totalling $1.03 billion. Following the $170 million treaty settlement the iwi took part in a series of ”astute investments”, enabling it to restore marae and support health and education programmes for its 50,000 members.
Read more

Source:
New Zealand Tribe’s Bet Transforms Its Fortunes: The Ngāi Tahu See Their Investments Pay Off
Original article published by The Wall Street Journal; March 12, 2014
online.wsj.com – this is a paysite. You can read the whole article by Lucy Cramer of WSJ for free at USNZcouncil.org

“If you look at 15 years since settlement, this entity has done really well,” said Trevor Burt, a former executive board member of German chemicals giant Linde Group who the tribe tapped four years ago to run its investment arm. Over the past four years, the fund’s average total annual return, based on comprehensive income, was 14 per cent, beating the average 12.9 per cent annual return by the benchmark share index. –Lucy Craymer, WSJ
New Zealand tribe’s bet transforms its fortunes – posted by david at the United States New Zealand Council blogsite
March 12, 2014 Link

While you squabble, Ngai Tahu is worth more than a billion dollars, is making hundreds of millions of dollars in well placed investments, and is even outperforming well known philanthropic funds like the ones owned by Yale and Harvard. –Cameron Slater, Whale Oil Beef Hooked
Wall Street Journal praises tribe: Are you watching up north?
March 13, 2014 at 5:30pm Link

Twitter accounts:
Ngai Tahu @NgaiTahu
Wall Street Journal @WSJ

Posted by Elizabeth Kerr

1 Comment

Filed under Business, Economics, Geography, Heritage, Innovation, Inspiration, Media, Name, New Zealand, People, Politics, Project management, Property, Tourism

Can it be true? Nahhh #peepshow

Initially, did Ngai Tahu (Kai Tahu) get turned down for Dunedin City Council project funding towards the Haka Peep Show (‘black penis’), now resplendent in the Octagon?

Did Ngai Tahu then come back to DCC saying, more or less, that if DCC didn’t front up with the $50,000 then Council wouldn’t get any co-operation from the tribe with resource consents, etc?

No! This didn’t happen. In any case, the minutes of the Art in Public Places subcommittee (if released), or those of the Community Development Committee (which turned down the APP’s $100,000 funding request) wouldn’t be so specific as to the politics, surely?

No. No. No. A vile rumour, completely fictitious.
Not the way we do things in Dunedin!

****

### ODT Online Tue, 20 Sep 2011
Councillors join Ngai Tahu working party
By David Loughrey
Dunedin city councillors Fliss Butcher and Jinty MacTavish have joined a working party that will find “opportunities and mechanisms” for Ngai Tahu to contribute to the city’s decision making.
Read more

ODT columnist Dave Cannan has been asking questions about the artwork. In today’s ‘The Wash’ (ODT, 21.9.11) he says, “The cost of Rachael Rakena’s much-discussed installation is “in the vicinity of $115,000″, although some accounts are still being finalised.”

Posted by Elizabeth Kerr

39 Comments

Filed under DCC, Events, Hot air, People, Politics, Project management, Site, Sport, Town planning, Urban design