Today’s ABS job figures highlight the critical importance of the State Government’s long-term economic reform agenda to drive positive economic and jobs growth. A record 856,300 people were gainfully employed in SA in July – a 1.6 per cent annual increase – meaning 15,700 jobs have been created since March, 2018. Employment growth in the…
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…
The Marshall Liberal Government has welcomed the latest NAB Monthly Business Survey, which shows rising South Australian business confidence in July – with local businesses now the most confident in the nation in trend terms (+6 index points). The results – which follow the release of the State Budget on June 18 – mirror the positive findings of the recent…
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…
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…
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)…
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…
The State Government has announced it has been required to appoint advisors to seek a ‘confidential and non-binding’ indication of value of the Motor Vehicle Registry, as part of the secret deal done by the former Labor government in its $1.6b billion LTO privatisation. It is now absolutely clear that if the Labor government had been…
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,…
Treasurer Rob Lucas today accused Labor Leader Peter Malinauskas of using taxpayer funds to pay for Labor Party authorised advertising attacking the Marshall Liberal Government. Since the State Budget the Labor Party has been running a series of radio commercials attacking the Marshall Liberal Government and aspects of the State Budget. “All of these commercials are clearly Labor Party commercials…