Only the market can stop asset sales – Ryall

Sun, 17 Jun 2012 6:15p.m.

Rate:

0 ratings

State-owned Enterprises Minister Tony Ryall hasn't ruled out job losses and power price increases with the sale of state-owned energy companies.

Read the full story »

Others are watching

The orca is known as 'Koru' for his unique dorsal (Robert M. Lehmann - Orca Research Trust)

The Illusionists weave magic in Auckland

In the clip, the driver is seen crashing into multiple vehicles at the intersection before finally driving through a barrier and head first into a large pit

Bad day for Chinese scooter driver

Post a Comment

Before commenting, please take the time to read our moderation guide

Name

(Won't be published)

Your comment

Comments

19/07/2012 9:08:41 p.m.

Ron Oliver wrote:

The Sale of large assets are essentially being pushed by large financial corporates who willingly lend large amounts of money through the banking system and later clean up and take over the assets after financial downturns which are often preplaned in advance.

19/06/2012 10:12:34 a.m.

Jeff wrote:

Selling these assets should be the biggest issue we as Kiwi's need to be addressing. Once its done, there is no going back. 1)The average KIWI will not be able to afford to buy a significant number of shares. 2)Kiwi's who do will likely sell them when / if the price increases, or when they need to the cash. 3) Our assets will inevitably end up on offshore hands. 4)To increase profits, these companies will increase power costs. Its that simple. These profits will go off shore instead of to New Zealand. And the country will be poorer again. Asset sales are a major error, and worse, difficult/impossible to reverse. This should be our biggest fight with John Key and his team.

18/06/2012 4:03:33 p.m.

Stephen wrote:

Why aren't we hearing anything about the price regulation on these companies once sold? Or about the systems in place to keep these assets in the hands of New Zealanders?