When it comes to their own businesses, only a negligible 3.6 percent of SA businesses are predicting negative growth over the current 12 months — 39.3 percent expect growth of up five percent over the same period and 32.1 percent are looking forward to a six to 10 percent uptick.
Compared with their interstate colleagues, the South Australians are more concerned about consumer and business confidence and competitor activity and feel particularly vulnerable to the overall economic environment. They are also notably agitated about reform of state taxes and charges.
Nearly three quarters of SA businesses claim they have not been experiencing skills shortages. Forty-one percent expect to increase their headcount during the current year. More than 90 percent expect their wage increases over the next 12 months will not exceed four percent, which is the most modest wage outcome expectation of any state or territory.
Interestingly, 38 percent of SA respondents are claiming R&D tax allowances and 32 percent are aware of, and are accessing, other government funding for business.