Frydenberg calls on companies to invest in new technology | Sky News Australia

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 78%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Treasurer Josh Frydenberg is calling on companies to kick start productivity by investing in new technologies.

Addressing the Business Council of Australia on Monday, Mr Frydenberg urged companies to shift their focus away from returning extra cash to shareholders.

"To guarantee our living standards continue to rise, and our children have even more opportunities in the future, we must tackle the productivity challenge," he said. "Our productivity growth over the last decade has slowed and we cannot simply rely on high commodity prices to boost national income."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines