Busi­ness SA chief pos­i­tive about fu­ture

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THE Fed­eral Gov­ern­ment’s Bud­get fo­cus on work­force par­tic­i­pa­tion, skills and train­ing will help South Aus­tralian busi­nesses have the work­ers they need, says Busi­ness SA.

But chief ex­ec­u­tive Peter Vaughan says the ini­tia­tives will take time to flow through to the econ­omy.

‘‘One part of the two-speed econ­omy is driv­ing a huge de­mand for labour, which is ex­pected to place up­ward pres­sure on wages, in­fla­tion and in­ter­est rates,’’ he says.

‘‘As skill short­ages con­tinue to bur­den the lo­cal busi­ness com­mu­nity, the $3 bil­lion train­ing pack­age, which in­cludes 130,000 new train­ing places, is an im­por­tant step for the lo­cal econ­omy.

‘‘Busi­nesses will also ben­e­fit from pro­grams to re­cruit skilled mi­grants and pro­vide train­ing op­por­tu­ni­ties to ad­dress grow­ing de­mands on labour in the min­ing sec­tor.’’

He says in­vest­ment in road, rail and health in­fra­struc­ture in SA also will have an im­por­tant con­tri­bu­tion to­wards jobs and busi­ness.

‘‘With our lo­cal un­em­ploy­ment above the na­tional av­er­age, the econ­omy will ben­e­fit from ini­tia­tives en­cour­ag­ing the long-term unem­ployed back into the work­place and wel­fare to work re­forms,’’ he says.

But he says it is dis­ap­point­ing sig­nif­i­cant tax re­form was not con­sid­ered.

It will mean busi­nesses have no re­lief in their over­head costs, which can af­fect their ca­pac­ity to em­ploy ex­tra staff.

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