Australian expo to recruit Kiwi workers hits Auckland
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RNZ News
7 hours ago
- RNZ News
Study finds whānau businesses offer path to economic success for Māori
Professor of Māori Business Management at the University of Auckland Jason Mika. Photo: Supplied/William Chea/University of Auckland A new study has found that whānau-led businesses could be one of the most immediate ways to improve livelihoods within Māori communities. Published in the book Te Ahunga atu ki ngā Ōhanga Oranga Māori: Towards Māori Economies of Wellbeing , the study on whānau enterprise is co-authored by Professor Jason Mika and PhD candidate Xiaoliang Niu of He Manga Tauhokohoko, University of Auckland's Business School. Mika said for the purposes of the study a Māori-led business is a business that was owned and operated by Māori for the benefit of whānau, hapū or community. "These are the businesses that are formed by Mum and Dad teams, but actually end up roping in the extended whānau as either co-owners or employees." Mika (Tūhoe, Whakatōhea, Ngāti Awa, Ngāti Kahungunu ki te Wairoa) said what distinguishes these from other Māori-led businesses such as iwi authorities and large pan-tribal entities such as Sealord is first scale, they tend to be small- to medium-sized, and second they tend to be formed around using business to serve the needs of the whānau. These whānau enterprises offer a promising path towards economic success for Māori, he said. "One of the most immediate ways to improve livelihoods and wellbeing for whānau is what the whānau can do for themselves, through enterprise." The Māori Economies of Wellbeing research draws on case studies, interviews, and long-term engagement with Māori-led businesses. The investigation found that whānau enterprises demonstrate: One case study was Whangārei based company North Drill, whose work includes utility instillation, renewable energy instillation and drainage. But Mika said their mission was intergenerational wealth and wellbeing for their whānau and that extends to te Tai Tokerau in general. It also reinvested profits into collective goals like housing, education, and leadership development. "What they're really concerned about is providing opportunities particularly for rangatahi... you know school is not where they want to be or they've got abilities, they've got good values, they've got good ethics but are just looking for an opportunity," he said. Mika said North Drill was providing more than just employment to rangatahi but also education on financial literacy. "And in that way they are really concerned about how do they give back to their community." Mika said the goal was that young Māori could see a pathway in business once they left school, a path that ended not just with a job but with business ownership. He is calling for investors to recognise the potential of whānau businesses and said there were various organisations which were currently working to raise the investor profile of whānau businesses, so investors knew what they were looking at and what the opportunities were. "I think there's still a bit of a disconnect, I think the access to capital problem for whānau enterprise and Māori enterprise in general is still a challenge to be solved." Mika said whānau businesses had a point of difference, they could draw on mātauranga and Māori values to do business in a different manner. "One of the major things that sets the whānau enterprise apart is our identity as Māori, our values, our reo, our tikanga, kaupapa, mātauranga Māori. All of those are assets, they are cultural assets which whānau have available to them." Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
9 hours ago
- RNZ News
Driver dies after falling from Auckland flyover following crash
The man died after falling from the Newmarket viaduct. Photo: Wikicommons The driver of a car which crashed on Auckland's Southern Motorway early this morning died after falling from the Newmarket flyover after the crash. Police are now investigating the man's death after the incident in the early hours of this morning. Superintendent Zane Hooper said the car was first seen driving at speed on the Southern Motorway near Greenlane just before 1am. Police followed the car, with camera operators also monitoring the vehicle's movements. The speeding vehicle hit the centre barrier on the Newmarket flyover, before crashing into the left side barrier. The police unit following the crashed car passed the vehicle as it been obscured by a passing truck, and by the time it got back to the scene, the driver had got out of the car. A camera operator then saw the man climb over the motorway barrier, where he either fell or dropped to the ground below the overbridge. Police patrols provided first aid, but the man died at the scene. "This is a tragic event for all those attending staff and welfare has been put in place for our people," said Hooper. Police have contacted the family of the dead man, and the IPCA has also been contacted. Hopper said the Serious Crash Unit examined the scene this morning and a critical incident investigation has begun. "As part of that investigation, a post-mortem will be carried out with formal identification procedures to be completed." Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
10 hours ago
- RNZ News
Lawyer calls for investigation into MBIE officials over banking class action
ASB and ANZ have rejected an offer to settle a class action law suit for breaches of historic credit disclosure laws. Photo: A top lawyer working with the plaintiffs in a large-scale banking class action is calling for a formal investigation into "serious civil service process failures" by Ministry of Business, Innovation and Employment officials. Rachael Reed, KC, has written to Public Service Commissioner Sir Brian Roche and Attorney-General Judith Collins. She said she was concerned about how the Reserve Bank's risk assessment, which suggested a $12.9 billion risk to the banking system if changes were not made retrospectively to the Credit Contracts and Consumer Finance Act, was being represented to Parliament's Finance and Expenditure Committee. The Credit Contracts and Consumer Finance Amendment (CCCFA) Bill, which is before select committee, includes a retrospective fix that would mean instead of lenders being required to pay back all interest and fees charged when there was a disclosure breach between 2015 and 2019, a court would be allowed to decide what compensation was "just and equitable". "The RBNZ modelling as it has been presented is not just based on unrealistic scenarios; it appears to be a mathematical impossibility," Reed said. "It also appears to have been accepted as fact that there is $12.9 billion potential exposure to the NZ banking sector. Yet, ANZ and ASB have publicly rejected settlement offers of $300 million as excessive. These two banks represent half the market, meaning the remaining sector is supposedly carrying $12.3 billion in exposure. It defies logic and credibility." Some members of the committee seemed to have accepted the figure without scrutiny, she said. Reed said an investigation should determine whether Ministry of Business, Innovation & Employment officials complied with established standards of policy advice, consultation and transparency in the use of the Reserve Bank scenario, and MBIE's subsequent recommendation to the minister and Cabinet. It should also examine whether the analysis provided an adequate basis for asserting a risk to the New Zealand financial markets that justified retrospective legislation affecting tens of thousands of consumers by expressly targeting the class action against ANZ and ASB, she said. She told Collins: "I appreciate you are well aware, retrospective legislation is an extraordinary use of extraordinary power that inherently undermines the rule of law. It should only be used where the foundation is transparently justified and unassailable. "The evidence demonstrates that MBIE officials have failed to provide such a foundation, instead relying on an incomplete and demonstrably flawed analysis. "This matter goes to the heart of our constitutional system - the integrity of the judicial process, the separation of powers, and the rule of law principles that underpin our democracy. The depth of these process failures, combined with their impact on democratic decision-making and the legal rights of tens of thousands of New Zealanders, requires your urgent attention to ensure New Zealand's constitutional standards are maintained." Andrew Hume, general manager of commerce, consumer and business policy at MBIE, said the ministry was satisfied with the quality of advice provided on the retrospective changes. "Although MBIE was not actively considering retrospective change when it undertook public consultation in 2024, some submitters raised concerns about the potential impact of historical disclosure breaches on lenders and the credit market. "MBIE felt it appropriate to investigate these concerns. Our analysis is outlined in full in our Regulatory Impact Statement. I acknowledge that MBIE's consultation on this matter was constrained by commercial sensitivities for lenders, and the active litigation underway. "Final decisions were made by Ministers and Cabinet. The bill is currently before Select Committee for consideration." Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
