Briefcase: Business Snippets from around South Australia
In this week’s Briefcase, a new Coopers ale and MyVenue opens its Adelaide HQ. Plus the latest business events.
- MyVenue opens HQ at Lot Fourteen
- Mighty Kingdom losses improve
- Adelaide firm makes strategic acquisition
- Hillgrove Resources to raise $16 million for copper production
- Electric truck is Fleurieu’s answer to sustainable food transportation
- New look for Adelaide shoe retailer
- Duxton Water makes $121.3 million sale of water entitlements
- Aussie band championed in new Coopers Ale
- Credit Union SA announces new ‘XL Home Loan’
MyVenue opens HQ at Lot Fourteen
Adelaide point-of-sale innovator MyVenue has opened its global headquartered in Lot Fourteen’s innovation district.
The company – launched in 2020 – said it had doubled its market share over the past year and experienced six-fold revenue growth.
The new HQ was opened by Her Excellency the Honourable Frances Adamson AC and Trade and Investment Minister Joe Szackacs.
MyVenue CEO Tim Stollznow said the new headquarters were “a defining moment for the company”.
“It signals a new era of innovation for sports and entertainment point-of-sale technology, and is helping fuel further growth, creativity, collaboration, and local tech jobs,” he said.
Mighty Kingdom losses improve
Adelaide video game developer Mighty Kingdom saw its losses improve slightly in the first half of FY25, by 17 per cent to $1.7 million.
Revenue fell though by 32 per cent to $2.5 million.
It came during a period in which the company widely refreshed its management, including the new appointment of a chair – Duncan Gordon – and an interim CEO Dylan Miklashek.
Adelaide firm makes strategic acquisition
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Melrose Park-based BMG Bespoke Manufacturing Group has acquired Metalcraft & Bott Storage Systems Australia & New Zealand.
BMG said the acquisition extends its manufacturing offerings and strengthens its position in the contract manufacturing and finishing sector, while strategically positioning the company in the automotive manufacturing and installation sectors.
“Our combined machining, servicing, and finishing capabilities are a rare combination, showcasing our dedication to local manufacturing and investment in South Australia,” said BMG CEO and 2023 40 Under 40 alumni Robert Statham.
“We remain focused on continuing the distribution of aluminium, supply contract manufacturing, finishing and Bott vehicle storage solutions.”
Hillgrove Resources to raise $16 million for copper production
Listed Adelaide miner Hillgrove Resources will raise $16 million to accelerate copper production at the Nugent deposit of its Kanmantoo mine.
CEO Bob Fulker said the acceleration would “allow the Kanmantoo underground mine to increase production”.
“It was only in the September quarter of last year that we declared commercial production at Kanmantoo,” he said.
“With the opening up of the Nugent deposit, we believe Hillgrove is particularly well placed to take advantage of our amenable underground mining conditions as well as the significant value of our installed processing capacity.”
A New Era for Australian Digital Payments: AmCham will host a business breakfast on March 20, 2025, which will explore the future of B2B payments.
Space – A Game-Changer for Mining, Medicine and Mankind: Join AmCham for a luncheon about how space exploration has the potential to benefit humankind on 3 April.
Official AFL Gather Round Business Lunch: Presented by the AFL and the South Australian Business Chamber, the lunch brings together the AFL industry and the wider South Australian business community on 11 April.
2025 AEDA Business Summit, South Australian Premier Peter Malinauskas will attend the summit and will be joined by a stellar lineup of business leaders and industry experts on 20 May at the Adelaide Oval.
Photo: Luke Simon
Electric truck is Fleurieu’s answer to sustainable food transportation
In a South Australian first, an electric (EV) refrigerated truck is being trialled to transport produce across the Fleurieu Peninsula.
The introduction of the electric vehicle is the first step of many in introducing low-emission food transport options to the region.
Within its four months of operation, the initiative has recorded a 75 per cent reduction in collective greenhouse gas emissions, and an 80 per cent reduction in time spent on deliveries.
Phil from Choice Mushrooms says the trial has been a game-changer.
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“This trial has freed up almost a whole day for me. The extra time has allowed me to chase new customers, which has been the biggest improvement.”
New look for Adelaide shoe retailer
‘Joggers World’, ‘Sportitude’, and now — ‘RunDNA’.
The Warhust family are introducing their latest retail brand to the South Australian market, which comes after the second generation, Josh and Abby Willoughby (née Warhurst), and Jack Warhust, take the reins of the family business.
Despite the name change, the Willoughbys say that the people, values and community “remain the same.”
“The RunDNA brand is a simple evolution which better reflects our data led approach to running and our role in helping runners and walkers of all levels achieve their goals and enjoy the process,” says Josh Willoughby.
Duxton Water makes $121.3 million sale of water entitlements
The Australian Government has acquired 30,614 megalitres of water entitlements in Victoria and New South Wales from Adelaide-based Duxton Water to support environmental water flows.
Duxton said the sale strategically aligned with its commitment to sustainable water management and to supporting the federal government’s efforts to deliver a sustainable river for future generations.
The listed company said the divestment provided it with flexibility to rebalance its portfolio.
Aussie band championed in new Coopers Ale
Coopers Brewery and Australian band Ocean Alley have teamed up to design and produce a limited edition, tropical and “easy drinking” beer: Ocean Alley Ale.
“The band collaborated with our brewers on flavour profile and hop selection as well as helping to design the packaging featuring a surfing coat of arms. After plenty of tastings, we’ve arrived at an easy drinking beer that captures the true vibes of Ocean Alley,” said Coopers managing director Michael Shearer.
Ocean Alley said Coopers “invited us to partner with them in creating this one-of-a-kind Ocean Alley Ale, and not only are we honoured to be included amongst their tasty range of brews, but also a part of Coopers’ long and rich history”.
Ocean Alley Ale’s distinctive surfing-themed coat of arms hit shelves in 375ml cans and 50 litre kegs for limited release last week.
Credit Union SA announces new ‘XL Home Loan’
Credit union SA has announced that first time home buyers now have the option of applying for a new XL Home Loan, equipped with lower repayment commitments across a term of up to 40 years.
CEO of Credit Union SA, Todd Roberts, said that the aim of the loan was to ensure that those looking to buy their first homes, especially amid the cost-of-living crisis, have an easier time “getting a foot in the door”.
“Compared to a 30-year term, a 40-year loan has lower monthly repayments, meaning home ownership becomes more affordable for many who would otherwise miss out,” Todd said.
“We know the earning potential of first home buyers will likely increase over time, as they progress with their careers. With that, members will have the opportunity to increase their repayments if they wish and pay off the loan much sooner than 40 years.”
