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The Australian Business Review
 

Good morning,

The South Australian government is seeking urgent advice on its exposure and role if GFG Alliance’s embattled Whyalla steelworks and iron ore operations is placed in voluntary administration, following the blast furnace recently going offline for the second time in a year. 

Meanwhile, three key executives from Smiggle have resigned following the exit of boss John Cheston, leaving the stationery chain bereft of important senior managers just as its owner, billionaire Solomon Lew's Premier Investments, considers demerging the retailer into a separate listed company.

And Australia’s rooftop solar capacity will be larger than that provided by coal by the end of 2024, new figures from the Clean Energy Council show — an outlook that will swell confidence the country can meet its lofty transition goals though it threatens to stoke so-called energy inequality. 

Perry Williams
Business editor
The markets


Making news this morning
1
Exec bonuses hamper Star rescue plan
A Star Entertainment financial relief deal has hit a hurdle with the Queensland government understood to be insisting that no executive bonuses are to be paid while funds are owing.
2
Why retirees need more than a roof over their head
Owning a home in retirement beats renting, but even then it’s not enough, say National Seniors Australia and Challenger.
3
CBA sells stake in Vietnam bank
The bank is further shaving its overseas exposures, offloading a stake in the Vietnamese lender assembled in 2010.
Editor's picks
FOOD INDUSTRY
Asset manager helping Indigenous hook fishing rights
Qantas Super-backed Longreach Maris is introducing a plan to aid Indigenous people access wild-caught fishing rights for species such as mud crab and abalone.
By JOYCE MOULLAKIS
MARGIN CALL
Feng shui finesses for Aqualand founder’s mansion
Property mogul scion and young rich lister Jin Lin of Aqualand fame needs yet more alterations to his historic harbourside mansion as it appears the feng shui just isn’t flowing.
By YONI BASHAN, NICK EVANS
Commentary
RBA will be late to rate cut party, but it’s on the way
By ERIC JOHNSTON
Associate Editor
Michele Bullock marked her first year anniversary as the central bank governor with a shift in tone.
Supermarkets are just the latest government scapegoat
By JOHN DURIE
Columnist
Cost of living is a hot political issue and politicians want to be seen to be doing things about it, so supermarket giants Woolworths and Coles are easy targets.
Dataroom
Anglo American sets November bid date for $US5bn coal mines
Suitors are hard at work assessing the Queensland-based coal mines Anglo American has placed on the market.
Infrastructure manager scouring land for passive investor
Morrison & Co’s preference is for a passive fund to come in and manage its business.
Search for SG Fleet buyer stuck in the slow lane
SG Fleet investors have been told that major South African shareholder Super Group has called off the sale process for its stake, after being unable to find a buyer.