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Re: SA Economy
Posted: Fri Mar 15, 2024 7:00 pm
by SBD
rev wrote: ↑Fri Mar 15, 2024 4:44 pm
SBD wrote: ↑Fri Mar 15, 2024 3:26 pm
I like how the press release leaves an impression that the Malinauskas Government might have done something to facilitate the increased expenditure without actually saying it. What have they actually done for mining and exploration in this term?
Encouraged Terramin to work up a plan to reopen an old mine at Woodside, then at the last moment say "not now, not ever".
Maybe they had a hand in the final approvals to dig underground at Kanmantoo, but I suspect that was before them. Have they introduced uncertainty that Rex's Hillside project near Ardrossan seems to be dragging?
I'd say a lot of the ground work from a government perspective was done in previous Labor governments mostly.
It takes quite a few years to get a mine up and running, and minerals being exported.
Regardless of which government laid the ground work, the main focus should be that our mining industry is growing.
I think you're right. Some things take a long time and need broad agreement by all political parties to reduce "sovereign risk". Investors need to feel like it's likely that the rules will be essentially the same at the end of the process as at the beginning. That's true for mining, energy and other industries too - even building and land development.
Re: SA Economy
Posted: Fri Mar 15, 2024 7:16 pm
by abc
SBD wrote: ↑Fri Mar 15, 2024 5:51 pm
abc wrote: ↑Fri Mar 15, 2024 4:35 pm
One must ask why someone would continually post press releases from the Premier on this website, especially in relation to the economy which is highly politicised...
If the Opposition has released a rebuttal, feel free to post that too. Then we can do the Spin analysis to discuss where the truth might lie.
I'm not here to spruik the opposition
Re: SA Economy
Posted: Fri Mar 15, 2024 11:00 pm
by SBD
abc wrote: ↑Fri Mar 15, 2024 7:16 pm
SBD wrote: ↑Fri Mar 15, 2024 5:51 pm
abc wrote: ↑Fri Mar 15, 2024 4:35 pm
One must ask why someone would continually post press releases from the Premier on this website, especially in relation to the economy which is highly politicised...
If the Opposition has released a rebuttal, feel free to post that too. Then we can do the Spin analysis to discuss where the truth might lie.
I'm not here to spruik the opposition
What gets me is when I hear Mr Koutsantonis blame the Former Labor Government for things that predate the Marshall Government, as if he had nothing to do with the government while he was its
Treasurer!
Re: SA Economy
Posted: Wed Mar 20, 2024 6:54 pm
by abc
Iconic vacuum retailer Godfreys has collapsed, leaving workers from six SA stores without a job
Re: SA Economy
Posted: Wed Mar 20, 2024 9:23 pm
by SBD
abc wrote: ↑Wed Mar 20, 2024 6:54 pm
Iconic vacuum retailer Godfreys has collapsed, leaving workers from six SA stores without a job
We bought our first vacuum cleaner from Godfreys in the early 1990s. It's kind of surprising that an entity could have existed for so long with over 140 shops in such a narrow market segment.
Re: SA Economy
Posted: Thu Mar 21, 2024 1:22 am
by abc
SBD wrote: ↑Wed Mar 20, 2024 9:23 pm
abc wrote: ↑Wed Mar 20, 2024 6:54 pm
Iconic vacuum retailer Godfreys has collapsed, leaving workers from six SA stores without a job
We bought our first vacuum cleaner from Godfreys in the early 1990s. It's kind of surprising that an entity could have existed for so long with over 140 shops in such a narrow market segment.
You mean people who vacuum their floors? Didn't realise that was a narrow segment. I must be old fashioned.
Re: SA Economy
Posted: Thu Mar 21, 2024 9:04 am
by SBD
abc wrote: ↑Thu Mar 21, 2024 1:22 am
SBD wrote: ↑Wed Mar 20, 2024 9:23 pm
abc wrote: ↑Wed Mar 20, 2024 6:54 pm
Iconic vacuum retailer Godfreys has collapsed, leaving workers from six SA stores without a job
We bought our first vacuum cleaner from Godfreys in the early 1990s. It's kind of surprising that an entity could have existed for so long with over 140 shops in such a narrow market segment.
You mean people who vacuum their floors? Didn't realise that was a narrow segment. I must be old fashioned.
When was the last time you saw a specialist washing machine shop or a specialist television shop? They are comparable size market segments, but we don’t have shops that only sell those without also selling other stuff (maybe both of those in the same shop, and vacuums too).
Re: SA Economy
Posted: Thu Mar 21, 2024 9:28 am
by Jaymz
I'd imagine modern residences have a lot less carpet and more tiles/floorboards than they did 30 or 40 years ago.
Re: SA Economy
Posted: Thu Mar 21, 2024 10:07 am
by mattblack
abc wrote: ↑Thu Mar 21, 2024 1:22 am
SBD wrote: ↑Wed Mar 20, 2024 9:23 pm
abc wrote: ↑Wed Mar 20, 2024 6:54 pm
Iconic vacuum retailer Godfreys has collapsed, leaving workers from six SA stores without a job
We bought our first vacuum cleaner from Godfreys in the early 1990s. It's kind of surprising that an entity could have existed for so long with over 140 shops in such a narrow market segment.
You mean people who vacuum their floors? Didn't realise that was a narrow segment. I must be old fashioned.
Don't worry. We already know you are.
Re: SA Economy
Posted: Thu Mar 21, 2024 10:29 am
by rev
SBD wrote: ↑Wed Mar 20, 2024 9:23 pm
abc wrote: ↑Wed Mar 20, 2024 6:54 pm
Iconic vacuum retailer Godfreys has collapsed, leaving workers from six SA stores without a job
We bought our first vacuum cleaner from Godfreys in the early 1990s. It's kind of surprising that an entity could have existed for so long with over 140 shops in such a narrow market segment.
Probably couldn't compete anymore against the likes of JBHIFI/GoodGuys and online retail, particularly since they specialize in one product type as opposed to their competition.
Re: SA Economy
Posted: Thu Mar 21, 2024 10:44 am
by bits
Godfrey's somehow got themselves into the position of not selling what people were buying. Eg Dyson and robots. I assume that was Godfrey's wanting more control over price and distribution but major manufacturers deciding they didn't need Godfrey's at all.
Mr Dishwasher I am sure started as dishwashers only but now sells a bunch more and changed to the Adelaide Appliance Gallery.
Jb hifi was cd's, then dvd's, then home theatre and now basically everything.
Re: SA Economy
Posted: Thu Mar 21, 2024 11:07 am
by SBD
Jaymz wrote: ↑Thu Mar 21, 2024 9:28 am
I'd imagine modern residences have a lot less carpet and more tiles/floorboards than they did 30 or 40 years ago.
The 1960s house I grew up in had timber floors and mats with carpet only in bedrooms. My 2010s house has tiles with carpet only in bedrooms. In between was a 1990s house with mostly carpet. The all had a vacuum cleaner, washing machine and television.
Re: SA Economy
Posted: Thu Mar 21, 2024 11:10 am
by SBD
bits wrote: ↑Thu Mar 21, 2024 10:44 am
Godfrey's somehow got themselves into the position of not selling what people were buying. Eg Dyson and robots. I assume that was Godfrey's wanting more control over price and distribution but major manufacturers deciding they didn't need Godfrey's at all.
Mr Dishwasher I am sure started as dishwashers only but now sells a bunch more and changed to the Adelaide Appliance Gallery.
Jb hifi was cd's, then dvd's, then home theatre and now basically everything.
That is what I meant. The others successfully diversified further out of their niche market to compete with other companies diversifying in to that niche.
Re: SA Economy
Posted: Thu Mar 21, 2024 12:35 pm
by bits
SBD wrote:
That is what I meant. The others successfully diversified further out of their niche market to compete with other companies diversifying in to that niche.
I would say Godfrey's actually became more niche as time went on. Excluding themselves from more and more of the vacuum cleaning market.
Re: SA Economy
Posted: Thu Mar 21, 2024 1:16 pm
by Jaymz
Reported today on numerous news sites, S.A's unemployment rate has dropped to 3.2% in February.
This is the lowest on record and the first time ever S.A's has been the lowest in the country.