Welcome to the June issue of xpress.
Pressures on the business community are continuing to increase and recent wage decisions, economic data and carbon tax debates all create further concern for the local economy.
State and Federal Budgets have also recently been handed down and neither provide direct relief for the business community.
Last week’s decision by Fair Work Australia to significantly increase award rates by 3.4 per cent is not good news for business and will flow on into price increases and force businesses to review employment levels.
South Australia is a small business State and this ruling will add an enormous amount of pressure to those that can least afford it.
Recent retail trade and business indicator figures have confirmed that levels of business and consumer confidence remain low and the economy is not in a position to warrant this increase in labour costs.
There is also concern about the impending carbon tax and the affect it will have on the competitiveness of the local economy.
The increased costs from a price on carbon will not just be absorbed, it will be passed on and will be felt throughout the community, at a time when electricity, water, rates and levies are also rising.
I was pleased to recently attend the inaugural Australian Chambers Business Congress.
The Congress featured a variety of impressive speakers and presentations addressing the megatrends impacting global business, sustainability issues facing the Australian business environment, new business models and best practice for business today.
There were some great messages for business to take away with them and the networking opportunities added to the quality of the business program
Business SA recently hosted a successful Changes and Challenges Business Conference with over 400 attendees.
It remains a very competitive business environment and Business SA was pleased to host the conference which addressed many of the changes and challenges being faced in the daily business environment. There is a full wrap-up of the event in this issue of xpress.
Also in this issue of xpress is an article about the 2011 Business SA export awards.
Exporters continue to create many benefits for the local economy and I encourage all members of the local exporting community to participate in this year’s awards program and be recognised for the great work that is being showcased to the world.
With the 2011-2012 State Budget released this week, this issue also contains Business SA’s response to the Budget and what it means for the local economy.
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,