Article – Socialist Equality Group By John Braddock, Socialist Equality Group 10 March 2021, original url: https://www.wsws.org/en/articles/2021/03/10/maor-m10.html A report released by the New Zealand Reserve Bank in January revealed that Mori businesses and non-profit organisations owned almost $NZ69 billion ($US50.2 billion) …
By John Braddock, Socialist Equality Group
A report released by the New Zealand Reserve Bank in January revealed that Māori businesses and non-profit organisations owned almost $NZ69 billion ($US50.2 billion) in assets as of 2018. The report, produced by economic consultancy BERL, said most of the assets of the “Māori economy” were in the private sector.
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New Zealand Reserve Bank reports $69 billion of assets in Māori economy
A report released by the New Zealand Reserve Bank in January revealed that Māori businesses and non-profit organisations owned almost $NZ69 billion ($US50.2 billion) in assets as of 2018. The report, produced by economic consultancy BERL, said most of the assets of the “Māori economy” were in the private sector.
Reserve Bank Governor Adrian Orr said the report, entitled Te Ōhanga Māori, was written before the COVID-19 pandemic but gave a snapshot of the Māori economy just before the outbreak.
Maori businesswoman Traci Houpapa speaking at the Reserve Bank launch of the report (Screenshot, Youtube)