Why KiwiSaver providers aren't buying into NZ Inc

Tamsyn Parker
Business Editor·NZ Herald·
5 mins to read
Why KiwiSaver providers aren't buying into NZ Inc
KiwiSaver providers are divided over investing in privately-owned New Zealand companies. Photo/Steven McNicholl.

KiwiSaver providers have hit back at criticism from the country's biggest venture capital investor over their reluctance to invest in start-up Kiwi businesses saying it's too risky and expensive to put retail investors money into.

Movac chief executive Phil McCaw welcomed the government's Budget announcement of $300 million in venture

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