News
The head of Bank SA, Nick Reade, will become the state’s most powerful bureaucrat when he takes the reins at the Department of Premier and Cabinet, with Steven Marshall’s hand-picked CEO Jim McDowell set to return to his “natural habitat” in the private sector – after being effectively headhunted by the Government’s own Chief Entrepreneur.
Local
Rising household costs, job insecurity and “weakened state pride” are among the factors which have led to a leading economic index recording its lowest ever rate of SA consumer confidence since being launched in 1997.
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A prominent member of the Premier’s hand-picked economic advisory council believes the Marshall Government’s land tax aggregation windfall will be “well north” of its budgeted $40 million, as an outgoing member of the Renewal SA board warns the cash grab will “devastate” the local property market.
BankSA has been spruiking its job creation credentials lately, but what became of that “process automation hub” it was forced to “put on hold” at the height of the 2017 bank tax debate?
Premier Jay Weatherill has accused the media of engaging in a “subversion of democracy” by “cooperating” with the banks in their campaign against the State Government’s major banks levy.
Bank SA has not ruled up driving up variable mortgage rates in response to the Weatherill Government’s planned bank tax, and may also axe a range of community sponsorships, as the political fallout from last week’s budget rages on.
Lord Mayor Martin Haese and his deputy Houssam Abiad had “no idea” they were taking part in a guerrilla marketing campaign for a commercial financial institution when they agreed to an exclusive Town Hall meeting with a man in a giant bird suit.
