Monday, June 28, 2010

Tekau Plus a minus?

Seems the much-trumpeted 'Tekau Plus' project has foundered on the usual rocks of grandiosity...let's hope they don't find evidence of fraud: I'd settle for simple incompetence.

Released on the 26th of June, the Tekau Plus Value for Money Review Report reveals a rather cobbly web of not-quites and not-evens. Established in September 2007 as a partnership between the Māori Trustee, Poutama Trust and the Federation of Māori Authorities Incorporated (FOMA), it was intended to promote 10 Maori companies to become exporting ventures worth 10 squillion each. With three-years funding of a tick over $3 million, big things were expected.

While initial media reports had a complete lack of exports for the 10 engaged companies, Tohu Wines has certainly been exporting (most of their product is sent offshore), although this was happening before Tekau Plus began. I'm going through the report now...

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Simon Lambert

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