South Australian construction company OAS Group has gone under, leaving 40 suburban houses unfinished and $2.4 million in debt to dozens of creditors.
The building industry wants a raft of reforms to arrest the sharp decline of South Australia’s housing market – and that means measures like compulsory rainwater tanks need to be reconsidered, argues Ian Markos.
British industrialist Sanjeev Gupta has unveiled an ambitious plan for a “grand scale steel plant” in Whyalla, capable of annual exports of 10 million tonnes.
New projections show that South Australia could enter population decline around the middle of this century, underlining the need for firm policy action, argue Michael O’Neil and Peter Gill from the South Australian Centre for Economic Studies.
Media
After a difficult ratings year, ABC Radio Adelaide is keeping the faith in its current line-up but will make some incremental changes next year, including a new arts-focused show hosted by Peter Goers.
An Adelaide company that shot to international prominence after designing the flames for the Sydney Olympics has become the world’s leading supplier of burners to the iron ore pelletizing market.
News
South Australians’ spending on cigarettes and other tobacco products has hit a record low – but expenditure on alcohol is approaching a new peak, latest figures show.
Business
Metcash shares have continued to fall, tumbling nearly seven per cent a day after the company said it sees more tough times ahead in the supermarket sector.
An Adelaide cleaning company whose contracts included the Royal Adelaide Hospital, Adelaide Airport and ElectraNet is being liquidated.
The local economy is looking up but we won’t take the next steps without Adelaide’s bright new business stars being backed to take risks, writes Stephen Mabbs.
Coca-Cola has vowed to retain a strong presence in South Australia despite closing its bottling line in Adelaide, ending 66 years of local production.
A historically high proportion of young Australians are struggling to set themselves up for the future because they are not getting enough hours at work, a new report says.
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Business
Lessons learned in several tough years after the GFC are starting to pay dividends for an Adelaide family-owned loudspeaker business which is achieving record sales through growing exports to the Middle East and Asia.
Business
The Australian share market has dived to near two-year lows amid a global stock sell-off, with energy and mining stocks bleeding red and the banks also suffering in early trade.
Business
EXCLUSIVE | A new luxury train service between Adelaide and Brisbane is set to launch, InDaily can reveal. Meanwhile, it remains unclear if taxpayer funding for the Overland service to Melbourne will continue.
National
Commonwealth Bank CEO Matt Comyn admits the bank has prioritised profits over its customers, as it faces potentially compensating more than half a million customers sold dud add-on insurance.
Business
British Industrialist Sanjeev Gupta has confirmed his group’s interest in developing its own smelting operations in South Australia but has declined to comment on possibly working with the troubled Nyrstar operations at Port Pirie.
Business
Roger David’s 57 fashion and accessories stores will close within weeks after no buyers emerged in a four-week process to sell them as a going concern.
“Backpackers and other visitors on working holidays will be able to stay in Australia longer under a federal government plan to help farmers fill job shortages.
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Business
A South Australian home builder will be liquidated by court order after losing its construction licence and failing to pay concrete and steel contractors.
Local
The State Government is likely to throw away around $4 million in “dead rent” for unused city office space by the end of next year, because of the former government’s decision to build a $40 million office block in a safe Labor seat, InDaily can reveal.
News
South Australia’s unemployment rate fell in September to 5.5 per cent, with the national figure dropping to its lowest level in six years.
Opinion
After accusations of political interference in the ABC’s independence, South Australian senator Tim Storer outlines his plan to change the appointment process for the board to bolster the national broadcaster’s capacity to resist influence from Canberra.
US securities regulators have accused Tesla Inc Chief Executive Elon Musk of fraud and sought to ban him as an officer of a public company, saying he made “false and misleading” tweets about taking the electric car company private.
UPDATED | ABC board member Dr Kirstin Ferguson has become the acting chair of the national broadcaster, while Labor is calling into question the entire board’s judgement.
ABC chairman Justin Milne has resigned amid growing questions about political pressure being applied to the national broadcaster’s journalism.
Santos plans to nearly double natural gas production to more than 100 million barrels of oil equivalent by 2025.
Opinion
The widening gap between profits and wages growth is damaging Australia’s social fabric, writes Malcolm King, but that’s not the only source of pain between workers and business.
News
Michelle Guthrie’s replacement is unable to say why her “dynamic” leadership style was wrong for the ABC board or why she was sacked as managing director.
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