ACSA starts with new strategy while reporting good results
Airports Company South Africa (ACSA) has started to implement elements of its new operational strategy, says chairperson Skhumbuzo Macozoma.
"It's very important to have sound corporate governance in a company like ACSA," he said at a briefing on Friday. "I'm happy to announce we've finalised a 2025 Corporate Strategy."
The 2025 strategy has three main pillars or focus areas. They are: to run airports, develop airports and to grow the company's footprint.
Currently, ACSA operates nine airports across South Africa, including the three main ones (OR Tambo International, Cape Town International and King Shaka International). The company also has footprints in Brazil and India, and a presence in Ghana.
"We're on the verge of signing a contract to run Mthatha Airport," pointed out ACSA CEO Bongani Maseko. "And we're doing work at Wonderboom Airport."
Under the rubric of developing airports, "we're embracing the aerotropolis concept," affirmed Macozoma. As for expanding the company's footprint, he noted that its target areas were Africa, Latin America and Asia.
"We have an offering for the rest of the continent," stated Maseko. "We have an offering for the rest of the world." He cited the company's success at São Paulo International Airport in Brazil.
ACSA's revenues increased by 6.8% to R8.3-billion in 2015/16, compared with R7.8-billion in 2014/15. Annual profit rose by 20.3% from R1.6-billion to R1.96-billion.
Its interest-bearing borrowings declined by 13.1% from R11.3-billion to R9.8-billion. The company met 96% of its performance indicators.
The company's performance was boosted by three main factors. One was the introduction of new routes by, in particular, Kenya Airways and Ethiopian Airlines and increased frequencies on existing routes by notably British Airways and Emirates Airlines. The second factor was an increase in passenger numbers and the third was an increase in revenues from the company's nonaeronautical (mainly commercial sector) activities.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation