by CORANZ researchers
“Campaign Against Foreign Control of Aotearoa” (acronym CAFCA) has just published its 92 page quarterly “Watchdog” bulletin in which is contained details of recent foreign takeovers. Murray Horton of CAFCA said “the statistics tell their own story about the relentless takeover of NZ businesses and land by transnational corporations and other foreign buyers. What often is hidden is the deception that these foreign corporates can use.
For instance a recent transaction showed Tasman Pine Forests Ltd., which one might assume by its name is a New Zealand company.In fact Tasman Pine Forests is predominantly Japanese owned to the tune of 76% . Worse still it is purchasing from a company, totally New Zealand owned.
CORANZ urges readers to consider subscribing to CAFCA.
Footnote: CORANZ urges any environmentally or recreational individuals to join CAFCA.To join the Campaign Against Foreign Control of Aotearoa (CAFCA), a New Zealand-based research and lobby group, individuals can pay an annual subscription fee, which is approximately $20 – unwaged $15 and receive the Foreign Control Watchdog publication. Contact CAFCA via email at cafca@chch.planet.org.nz to inquire about membership. Almost without exception, foreign companies erect locked gates, blocking public outdoor recreation access.
The takeover is almost there as evidenced by 80% plus forestry, similar figure for wine and banks etc.
Shame on Roger Douglas and his Rogergnomes like Prebble and sheep like PMs like Bolger, Key, Shipley who followed obediently behind courting overseas speculators to come to NZ and buy up at large. Arden, Hipkins and Luxon are no different.
While public attention waas been focused on the domestic fast-track consenting process of Jones and Bishop for infrastructure and mining, Associate Minister of Finance Seymour pushed through another fast-track process – this time for foreign investment in New Zealand. But it had almost no public scrutiny. Shame on them all.