Roll up, roll up: Drakes Foodland at Wayville granted another Ministerial exemption to trade longer during Royal Show

A vocal critic of the Marshall Liberal Government’s push to reform shop trading laws has again applied for – and been granted – a Ministerial exemption to open one of its stores outside prescribed shop trading hours to capitalise on Royal Adelaide Show crowds, citing the overwhelming “success’’ of last year’s extended trade. Treasurer Rob Lucas has granted the temporary…

Casting light onto the System Black

The Marshall Liberal Government says a report from the Australian Energy Market Commission into lessons from South Australia’s state-wide blackout confirms the need for an electricity interconnector between South Australia and New South Wales. The report notes that an interconnector will deliver improved competition, reliability, resilience, and better allow the network to survive extreme events and be restored faster. The…

State Government responds to SA Productivity Commission’s Inquiry into government procurement

The Marshall Liberal Government has announced its formal response to the final report of the SA Productivity Commission’s Inquiry into Government Procurement (Stage 1) – the first conducted by the Commission since it was established in October.  Treasurer Rob Lucas said the Government has accepted all 30 of its recommendations – the majority in full – which…

State Government welcomes latest BankSA State Monitor as more businesses create jobs and expand

The Marshall Liberal Government has welcomed the latest BankSA State Monitor survey, which shows South Australian business confidence remains strong, with more employers creating new jobs in the past three months as others prepare to expand their local workforce. Planned investment has surged, with a record high number of businesses intending to make a major purchase on plant…

New fund manager to be appointed for SA Venture Capital Fund

The  independent committee that manages the SA Venture Capital Fund has commenced a process to appoint a new venture capital fund manager to oversee investments of the $50 million SA Venture Capital Fund (SAVCF). This independent SAVCF Management Committee is chaired by respected businessman Raymond Spencer.  In July 2017, the former Labor government entered into an agreement with BlueSky Venture Capital (BSVC)…

State Government secures guaranteed Port Pirie smelter loan repayment deal, as Treasurer approves change of ownership

The Marshall Liberal Government has announced it has successfully reached a commercial financing agreement with Trafigura Group Pte Ltd, the new owner of the Port Pirie lead smelter, which will secure compulsory repayment of the remaining monies owned under the $291.125 million taxpayer-guaranteed loan.  As part of the deal, Nyrstar Port Pirie paid $29.125 million in May this…

Former Labor government in hot water as independent pricing inquiry finds Labor inflated water bills for consumers

An Independent Inquiry into Water Pricing in South Australia has found the former Labor government deliberately inflated the value of SA Water’s opening regulated asset base (RAB) to maximise profits and protect government revenues, driving up water bills for hardworking families and businesses.  The damning final report of the Inquiry, led by a former regulator and respected corporate leader Lew Owens,…