Welcome to the September issue of xpress.
The interesting times in Australian politics have continued over the past few weeks and the political focus will shift locally in the coming days with the release of the State Budget.
Business SA provided a copy of its State Budget Submission to the State Treasurer some weeks ago on behalf of the local business community.
The document focuses on key issues that have been highlighted to us by businesses from around the State that are critical to competitiveness.
There’s no doubt that the Budget will be tough, however it must make a lasting positive impression on the local economy.
There are a number of issues that we want to see addressed in the Budget and there is more information about our submission in this edition of xpress.
Elections always bring uncertainty throughout the business community and unfortunately this has continued following the Federal election.
It is essential that the political uncertainty is overcome as quickly as possible and the economy is able to build momentum.
We welcomed the Reserve Bank’s decision to leave interest rates on hold this week.
We’ve seen very weak retail sales growth recently and before this month’s small increase, South Australia recorded the largest decrease in the previous two months.
As we move towards the busy Christmas trading period, it is essential that business and consumer confidence is heading in the right direction and interest rates must remain at the current levels for the remainder of the year.
Speaking of confidence, the Commonwealth Bank Business SA Survey of Business Expectations for the September quarter was launched this week and I encourage all businesses to voice their opinion on how the local economy is performing. This is available at the Business SA website.
We support the recently announced plans for extended trading hours for shops in Rundle Mall from early October. This will provide greater convenience for shoppers, boost sales and enliven the CBD, particularly with daylight savings commencing.
We would also like to see Rundle Mall being made a tourist precinct, so that it can open the same hours as areas such as Jetty Road in Glenelg during major holiday periods.
Business SA’s latest networking event was held at The Advertiser and once again it was a great success with a capacity crowd in attendance. It was a fantastic evening and a full wrap-up is provided in this edition of xpress.
The presentation of the Business SA 2010 Export Awards will be held next month and it promises to again be a great event as we pay tribute to some of the State’s finest exporters.
All businesses are welcome to attend and more details are available at the Business SA website.
It’s another busy issue of xpress as we also have a look at the assistance being offered from Business SA and we catch up with a couple of Business SA members.
Until next month