You must break an egg to make an omlette – and you must sell a bit of Tainui land to build an inland port

October 8, 2014
This will look splendid when it has been concreted - now I've got to persuade the tribe.

This will look splendid when it has been concreted – now I’ve got to persuade the tribe.

Uh, oh. A grand development plan in the Waikato seems to have been fouled by a few differences among shareholders.

Alf speaks of Tainui Group Holdings’ plans for a multi-billion-dollar Ruakura development.

TGH has been itching for more than five years to get cracking and turn more than 600 hectares of good cow-nourishing pasture into a transport and residential hub.

It was named a project of national significance by the Environmental Protection Authority last year.

This was a clever move by the developers. It allowed them to skip years of council hearings, objections and red tape.

Trouble is, it now has to mollify some members of the tribe.

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TGH boss should watch out for the knives as he pitches for a few more million dollars

October 4, 2014
The board is backing him...so who wants him out?

The board is backing him…so who wants him out?

Waikato-Tainui, the indigenous persons who occupy the Waikato region, seem to have learned something from the Labour Party.

The something they seem to have learned is the art of challenging – if not overthrowing – theĀ  leadership.

Alf learns this today from the local rag in that neck of the woods.

Attempts are being made to unseat the boss of Waikato’s economic powerhouse Tainui Group Holdings, in a document questioning his leadership appearing ahead of a crucial meeting this weekend.

But chief executive Mike Pohio’s supporters say it’s a smear campaign ahead of a big request for funds from the tribe to finance the company’s ambitious growth plans.

Nobody seems to be willing to put their hands up and identify themselves as being part of the overthrow plot.

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