Welcome to the April issue of xpress.
The very busy month of March has come and gone and now it is back to business.
The March festival of events provided a valuable boost to the local economy and also highlighted to people the many attractions we have here across the State.
We congratulate the re-elected Government and Business SA looks forward to working with both the Government and Opposition to ensure we have a very competitive business environment here in South Australia.
As mentioned last month, Business SA’s pre-election policy document received positive feedback from both major political parties and now we will follow up on the responses to our recommendations.
Recent economic data indicated that local retail trade and building approvals have decreased, largely due to the impact of recent interest rate rises.
This made it even more disappointing that businesses and consumers will again be hit with the full effect of the latest interest rate increase.
The Reserve Bank must wait for more definite signs of recovery in the economy before halting any emerging confidence.
Unlike when rates decreased last year, the banks will have no problems in passing on this rate rise.
The Commonwealth Bank Business SA Survey of Business Expectations for the March quarter indicated that business confidence has decreased following increases over the previous three quarters.
The recovery from the economic downturn certainly remains fragile and it is essential to encourage consumer spending and build momentum throughout the economy.
The Employers Mutual Changes and Challenges Conference is the State’s premier workplace safety, environment and injury management conference and I encourage all businesses to attend this year’s event on Thursday 6 May.
The conference provides the latest information, industry trends and standards in occupational health, safety, environment and injury management. There is more information about the conference in this issue of xpress.
Business SA has recently provided a submission to the Fair Work Australia Minimum Wage Review. Businesses are still under pressure in the current climate and many workers have seen their hours cut back.
We believe that businesses can afford no more than a modest increase in the minimum wage and the effect of the modern awards on business cannot be discounted, which will see an increase in labour costs in a number of industries.
The recent March networking event at the Clipsal 500 was a great success and there is a full wrap up of the event in this month’s issue of xpress.
We also take a look at the exclusive trackside villa that was available for Business SA members at this year’s Clipsal 500 event.
It’s another busy edition of xpress as we also have a look at the assistance being offered from Business SA and we also catch up with a couple of Business SA members.
Until next month