Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Who Owns New Zealand? CAFCA Releases Latest Key Facts

WHO OWNS NEW ZEALAND?

CAFCA Releases Latest Key Facts

The Campaign Against Foreign Control of Aotearoa (CAFCA) has uploaded the 2017 edition of its Key Facts.

They can be accessed at http://canterbury.cyberplace.co.nz/community/CAFCA/key-facts.html

They can be viewed there as graphs (Powerpoint or PDF) or read as text only.

Once again they have been meticulously researched and compiled by CAFCA's Bill Rosenberg.

The main trends are:

· A sharp increase in the proportion of overseas ownership of shares listed on the share market from 33% of listed shares in 2015 to 36% in 2016, reversing a trend that had been falling since 1997.

· An even sharper increase in the estimated proportion of the value of all privately owned shares (included unlisted shares) from 37% of shareholdings in 2014 to 47% in 2015 – a rise that began in 2012 when it bottomed out at 30%.

· In 2016, the Overseas Investment Office approved the acquisition of 465,863 hectares of interests in rural land by overseas investors, of which 362,132 was freehold, 103,731 other interests in land (e.g. leases), and all but 39,971 hectares was from one overseas investor to another. The 465,863 hectares compare to 79,897 hectares in 2015.

· Once again the statistics show a significant ownership of New Zealand companies by investors using tax havens.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Testing And Decontamination: New Standard On Meth Residue

Standards New Zealand has today released NZS 8510:2017 Testing and decontamination of methamphetamine-contaminated properties ... More>>

ALSO:

Mince, Etc: US Food Poisoning Lawyer At Conference

As New Zealand chefs, food experts, and MPI debate what constitutes a cooked beef burger, leading US food safety litigator Bill Marler, who made his name prosecuting the burger company responsible for a major E. coli outbreak, is keynote speaker at the Food Integrity Conference. More>>

ALSO:

Petya: New Ransomware Campaign Hits Worldwide

A new ransomware campaign known as Petya is affecting computer networks using Microsoft Windows. It was first seen affecting systems in the Ukraine, but is quickly spreading across other computer networks in Europe. More>>

ALSO:

Skodafone Goneski: Sky TV, Vodafone Drop $3.44 Billion Merger Plan

Sky Network Television and Vodafone New Zealand have terminated their merger agreement which aimed to create the country's largest telecommunications and media group, and have withdrawn an appeal against the Commerce Commission's rejection of the plan. More>>

Quake Insurance: Reforms To EQC Act Announced

· Increasing the monetary cap from $100,000 (plus GST) to $150,000 (plus GST) for EQC building cover.
· Clarifying EQC land cover is for natural disaster damage that directly affects the insured residence or access to it... More>>

ALSO: