Q&A:

Su­per CEO Paul Sayer

Paradise - - In Paradise | Contents -

Q: Nam­bawan Su­per has played a ma­jor role in driv­ing do­mes­tic in­vest­ment re­cently. Can you de­scribe your in­vest­ment strate­gies?

A: We con­tinue to in­vest in PNG and we’re cur­rently hold­ing a fair pro­por­tion of our money in cash while we con­tinue to look for opportunities. There are cer­tainly opportunities within the coun­try, but we’re also in a growth phase of the fund, so we’re also look­ing in­ter­na­tion­ally.

Q: Things are quiet on the Port Moresby stock ex­change, so is it re­ally un­listed opportunities you’re look­ing for? Can you nom­i­nate some successful in­vest­ments made by the fund?

A: We look for any in­vest­ment opportunities that match our risk and re­turn cri­te­ria. These may in­clude fam­ily busi­nesses at a sig­nif­i­cant stage of growth. Where a busi­ness has out­grown its fam­ily own­er­ship model and is ready to ex­pand we can play the role of a pri­vate eq­uity or ven­ture cap­i­tal­ist. We can also sup­port those busi­nesses with stronger gov­er­nance and a wider share­hold­ing that pro­vides re­turns to all Pa­pua New Guineans. We hold a large pro­por­tion of Par­adise Foods. We also have other in­vest­ments, such as SP Brew­ery.

Q: What about your prop­erty port­fo­lio?

A: We’ve built the new Deloitte Haus in Port Moresby. It will be part of a com­plex of three build­ings, in­clud­ing the Nam­bawan Plaza. The other two build­ings will in­clude res­i­dences. We are build­ing them in a joint ven­ture with La­mana De­vel­op­ment.

Q: What other ini­tia­tives are you look­ing at?

A: One of the things we’re focused on is the post-re­tire­ment stage for our mem­bers. We’re look­ing to pro­vide an in­come stream rather than giv­ing them a lump sum that they will need to man­age through their re­tire­ment. One of the chal­lenges for us is to en­cour­age mem­bers to let us in­vest that lump sum so they can con­tinue to access the power of our in­vest­ment skills. ■

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