03 August 2012 Coming up on Te Karere... We bring you the latest from the London Olympics... And there's support from a leading Maori businessman for the partial sale of state assets... The paddles have cut the water and won gold. I'm Irena Smith and I'll have reactions from our gold medallists and more. He's a prominent international businessman from Ngati Hine. Why does he support the asset sales? Stay tuned for the details. The Government and Taranaki Whanui have come in to dispute over the Port Nicholson settlement in Wellington. Due to the live nature of Te Karere, some segments will not be subtitled. Tena koutou katoa, and welcome to Te Karere. Hopes are high of more medals for New Zealand tonight. After a superb gold medal win in the men's double sculls. New Zealand's first gold at the London Olympics came in the form of a classic come-from-behind victory. Our Olympics reporter Irena Smith has all the details, Irena. Your absolutely right Scotty, even though it's 5am in the morning here, you can still feel the hype from our gold medal win. Nathan Cohen and Joseph Sullivan's names will be etched in history forever. Their performance in the men's double sculls took them to victory. Even though they were well behind in the final, they dug deep in the last leg of the race. But hold the celebrations for now because their fellow teammates have a challenge ahead of them. Storm Uru and his partner Peter Taylor placed second behind Denmark in the semi-finals. However the same can't be said for Jade Uru and his team, who placed fourth in their semis, but will get another chance in the repechage. Regardless of the Uru brothers' placing, their parents are very proud. The result of their parenting skills are coming into fruition. This is Robbie and Bill Uru from Waihopai who are here to support their sons. It's hard for the athletes but it's also hard for those parents who are watching. Jade is the youngest of the two and even though his team didn't make it to the semis, they still have a chance. Hopes are now all on Storm Uru and Peter Taylor to follow in their teammates footsteps to win gold. On Saturday we'll see how it turns out. From highs to the lows... Unfortunately our woman's hockey team lost to Argentina. However, our champion kayaker, Lisa Carrington has arrived. We saw her in the stands watching the final where we won gold. We've made efforts to talk to her but have been unsuccessful. Maybe that's a good thing because right now she'll be focusing on the task ahead of her, Scotty. That's right Irena, and to bring our talk to a close, it's now been a week from the start of the Olympics, what's the atmosphere like there? Well we can now see that we've made it to a few semis and finals so the excitement has reached an all-new level. The amazing thing for me is seeing the athletes receive their medals be they bronze or gold and knowing there'll be more coming. Scotty. Thank you Irena for that report. Former banker Sir Ralph Norris of Ngati Hine believes a Maori stake in asset sale shares would be a good thing. He's returned to NZ from Australia where he says an Australian buy-up of shares in state assets has helped strengthen their economy. He is probably the most successful Maori businessman in the world. He says NZ can be successful as well by selling state-owned assets. Sir Norris is of Ngati Hine. He's held many top positions such as managing director of both Air NZ and ASB. He retired last year from his position as CEO of The Commonwealth Bank of Australia. It was there he saw the benefits of selling state-owned assets. Maori are divided on this issue. The matter is being looked at by the Waitangi Tribunal, where it was only yesterday the Government announced the need for the Tribunal's full report on water rights by the end of the month. Supposedly shares from Mighty Power are to be put on hold until September. Sir Ralph Norris says Maori can benefit from this. The matter is currently with the Waitangi Tribunal and next week the Maori Party will meet with Maori. Rapaera Tawhai, Te Karere. Further to that, we've just been told that the Maori council Further to that, we've just been told that the Maori council has responded to the Crown's request for the tribunal to report back earlier. The council says the crown raises no new issues and it has no objections to a report being issued earlier. The Waitangi Tribunal has criticised the lack of communication between Crown negotiators over the Port Nicholson settlement in Wellington. It says that failing and the confusing language Crown officials used, may lead to new grievances over the claim. Despite the difficult process of settling claims Ngati Toa remain positive with the outcomes. I can definitely say that it wasn't our fault. This was his response to Taranaki who gifted some of their property to Ngati Toa, but who was then at fault? Wellington CBD is Taranaki Whanui domain but Taranaki agreed to an OTS request for Wellington Central Police Station to be given to Ngati Toa for its settlement. There was a condition that no other properties be given. But OTS reneged on the agreement and offered other government owned properties to Ngati Toa. Taranaki Whanaui will stand again before the Tribunal to address their claims. Taranaki Whanaui will stand again before the Tribunal to address their claims and want autonomous authority over Wellington central. Taranaki Whanui however do not blame on Ngati Toa, but on the Office of Treaty Settlements. Peata Melbourne, Te Karere. Joining me in studio now is co-leader for the Maori Party, Pita Sharples. We're unable to provide subtitles. Another iwi based trade training scheme was launched in Rotorua today, and as Ngahuia Wade reports, Ngati Whakaue wants at least 500 of its own tradespeople by the year 2020. These are the Maori tradesman of our future. The Associate Minister of Tertiary Education had her own story to tell about the former trade training programme. Rongo Puha is the Manager of the Tumahaurangi Trust. The Ngati Whakaaue vision is to have 500 tradesman by 2020. Ngahuia Wade, Te Karere. To sports now, joining us in the studio is Tumamao Harawira. We've got our first gold. Can we expect more tonight and this weekend? We're unable to provide subtitles. Tumamao Harawira, thank you for joining us. Now let's take a look at the Maori Programmes TVNZ has to offer over the weekend. Tomorrow we hang out with Jabbawockeez, Fat Freddy's Sammy Adams, Eclipse, and we check out the secondary kapa haka nationals. How did the Matauri X investment of $2.5 million turn into a $26 million disaster and what's the deal that could save the Trust's land? Find out on Marae Investigates, on Sunday. Following Marae... When a man dies, he takes only one thing and that's his knowledge. I'm able to say, that when I'm gone my knowledge will be left to others. Rovina Maniapoto-Anderson, this Sunday, TVOne. After the break, we have the weather. SPLASH ECHOES DRAMATICALLY Introducing the next generation of clean ` new Dettol Power & Pure, formulated to power through tough stains. Its active ingredient breaks down into water and oxygen, leaving no harsh chemical residues behind, and it kills 99.9% of germs. The new Dettol Power & Pure cleaning range. Dettol ` NZ's most trusted cleaning brand. To the weather now. For weather, see tvnz.co.NZ. That's all we have for today. Turou Hawaiki. Captions were made possible with funding from NZ on Air. Copyright TVNZ Access Services 2012.