Business far from sunshine and daisies in SA

Tuesday 03 December, 2024

The Opposition is calling on the Malinauskas Government to do more for small businesses in South Australia.

Amid a cost of living crisis, local business owners are being hindered by inefficiencies, excessive regulations, high operating costs, and a lack of skilled labour. These challenges are slowing economic growth and limiting job creation across the state.

 

“The Government says business confidence is soaring, primarily on the back of low payroll taxes, a measure introduced by the former Liberal Government,” said Leader of the Opposition Vincent Tarzia.

 

“The sad reality is that many local businesses and South Australians are struggling across the board under the Malinauskas Labor Government.

 

“The Government is patting itself on the back on how good it is to do business in SA, but the reality is that South Australian businesses are struggling,” Mr Tarzia said.

 

“The data shows that private business investment is down across the state, gross household disposable income per capita is the lowest in the nation, insolvencies are skyrocketing, and businesses are having to close their doors.

 

“Peter Malinauskas and his Government have lost touch with the reality of running a business in South Australia.

 

“Speaking to local business owners around the state, it’s clear that they need more support.

 

“Rather than using a report based on regulation to talk about business booming, the Premier should take a walk down the streets of Adelaide and assess how businesses are actually coping in this economic climate.

 

Shadow Treasurer, Sam Telfer said that South Australia’s economy is struggling, and the real impact is evident in the bottom line of businesses.

 

"Regardless of the industry, it has become increasingly hard for businesses to survive in SA and turn a profit, and all at a time where there is less money in the pockets of the average South Australian,” Mr Telfer said.

 

“The Opposition stands with small business owners and will continue to call on Peter Malinauskas and Stephen Mullighan to introduce tangible support measures.”