Welcome to the March issue of xpress.
It’s at this time of year when you realise more than ever what a fantastic State we live in.
Adelaide continues to be a hive of activity in March with the spectacular festival season, the upcoming Clipsal 500 and Adelaide Cup Carnival, and this follows the range of other events we’ve been exposed to in the last couple of months.
Let’s hope many businesses right across the State are able to benefit from the increase of traffic flowing into South Australia.
It was pleasing that interest rates remained on hold earlier this month and let’s hope this encourages greater consumer spending across the State, and we can see no justification for rates to rise in the coming months.
We are still seeing the signs of a two speed economy and many small businesses throughout the State need the opportunity to build some much needed momentum.
Business SA recently expressed concern at the Government’s announcement to introduce a carbon tax from 2012.
This will provide a major blow to the business community and overall competitiveness, and we believe that the tax should not be introduced before a binding global agreement.
As costs go up, prices will follow and this will make businesses less competitive and put jobs at risk.
After three months of declining retail trade, it was good news that trade increased in South Australia during January.
This is the first rise in local retail trade since August last year, indicating the pressure that local businesses have been under.
With growth in retail sales still relatively slow, any further interest rate rises will certainly hit consumer confidence, as we saw before Christmas.
Last month’s xpress featured an article about the Australian Chambers Business Congress.
With registrations now open, I encourage all businesses to learn more about this event which will be unlike any other on the business calendar. More information about the Congress is available at www.BusinessCongress.com.au
Business SA’s networking series kicked off last month at the Fringe Club and the evening was a great success. Next week’s event at the Clipsal 500 will provide another outstanding venue for local businesses and registrations will be closing soon.
The Commonwealth Bank Business SA Survey of Business Expectations for the March quarter will be released in the coming weeks and I encourage all local businesses to have a say on how the economy is performing.
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 edition,