No surprises that the income gap between Maori and Pasifika communities and what are still colloquially called 'Europeans' (I think they mean Pakeha) has grown over the past four years of wider economic contraction.
The Vulnerability Report, published by the NZ Council of Christian Social Services contains some frightening information on how the local recession and GFC (Global Financial Crisis) have impacted upon vulnerable whanau.
Maori youth NEET (Not in Employment, Education, or Training) is particularly galling (see graph below) but there are tragic consequences across the entire gamut of Maori and Pasifika communities.
It is difficult to know where to begin on resolving all this. First, it exposes the current political approach - Maori Party coalition with National and ACT - an abject failure (and I hear strange rumblings about Whanau Ora here in Otautahi and lesewhere, the one policy that the Maori Party has pinned their reputation on). Second, I am now very distrustful of the iwi-based approach of Treaty settlements, voiced earlier through ongoing posts on the so-called Maori Economy. The 'Maori Economy' represents Maori-centric businesses that variously engage with their own shareholders.
The wider reality of Maori economic being-ness is clearly bad and getting worse.
This blog crosses different landscapes to pull together themes of Indigenous endurance and development within a context of environmental hazards and injustices.
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Showing posts with label iwi settlements. Show all posts
Showing posts with label iwi settlements. Show all posts
Tuesday, July 31, 2012
Saturday, April 21, 2012
Ngati Tama ki Taranaki
I heard of news of Ngati Tama's financial turmoil while in Brisbane, just a hyperlink off my $2 for ten minutes internet access in a cheap hotel near the Roma St. train station. Couldn't download anything with pictures quick enough to trawl for details.
But it was enough to read the headline.
Their lands are to the north of the mountain...
That none of this worked is now well known.
Ngai Tahu commentator, Tahu Potiki, notes Ngai Tahu avoided IT and software start ups, the manifestation of conservative iwi investment profiles. He acknowledges that smaller iwi like Ngati Tama have a structural vulnerability in that they may struggle to recover from the bad years - several Ngai Tahu companies have experienced severe downturns - and as we now see, may be nearly wiped out by a few bad investments.
Ngati Mutunga chair, Dion Tuuta, is one of those now tasked with picking up the pieces. A safe pair of hands for troubled times.
Anyway, let's finish on a positive...
But it was enough to read the headline.
Their lands are to the north of the mountain...
Ngati Tama had their ringaringa in a range of companies: the Eel Enhancement Company; Original Pipe Traders; Open Group; and My Virtual Home. This last company is now in liquidation, over $12.5 million down the proverbial.
They are also the sole shareholder in Ikatuna which had dibs on Septic Solutions Taranaki and Tu'Ere Fishing.
As it happens I met Ngati Tama CEO Greg White a couple of times, a man who could be called a straight shooter and be quietly proud of the label (which is a compliment after all in this country, Pakeha or Maori). Greg was a director in four of the companies, not an unusual thing at all, indeed any iwi should have highlevel board representation in thier investments.That none of this worked is now well known.
Ngai Tahu commentator, Tahu Potiki, notes Ngai Tahu avoided IT and software start ups, the manifestation of conservative iwi investment profiles. He acknowledges that smaller iwi like Ngati Tama have a structural vulnerability in that they may struggle to recover from the bad years - several Ngai Tahu companies have experienced severe downturns - and as we now see, may be nearly wiped out by a few bad investments.
Ngati Mutunga chair, Dion Tuuta, is one of those now tasked with picking up the pieces. A safe pair of hands for troubled times.
Anyway, let's finish on a positive...
Ko taku iwi tuaroa tēnā
That is my backbone
(My backbone is sacred; do not dare touch it.)
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