Kiwi Party Backs call for partial sale of SOE’s; but only to kiwi investors
The Kiwi Party
Press Release
16 December, 2009

Former MP Gordon Copeland, the Kiwi Party’s spokesperson on business, today expressed his delight with the Taskforce on Capital Market’s recommendation for a partial sell down of SOEs.

“This is something we have called for years” said Mr Copeland, “but our policy, which was for a 20% sell down, carried the important proviso that sales be to kiwi investors only”

“In addition to Mum and Dad investors this would permit millions of kiwis to become shareholders through their KiwiSaver accounts and their stake in the NZ Pension Fund, the ACC and the Earthquake Commission, all of whom are currently billion dollar investors”.

“That way the SOE’s will remain 100% kiwi owned and operated, foster a saving ethic, give investors a change to own a stake in the NZ economy in something other than finance companies and build an ownership democracy.”

“It’s all positive and the Government should get on with it without delay and forget about the politics of delay and inaction”. .

ends

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