The Airports Company South Africa (Acsa) posted an ”outstanding” set of results on Thursday, which were underpinned by strong economic growth.
Passenger growth in 2007 at Acsa’s airports was 10,8% and was expected to average 8% in 2010, Transport Minister Jeff Radebe told the results presentation in Johannesburg.
This was largely due to strong domestic travel and a 4% economic growth rate.
Smaller airports such East London, Bloemfontein and Kimberley experienced ”huge” growth.
In the year under review, Acsa invested R1,7-billion in infrastructure.
Radebe appealed to Acsa to focus on long-term airport planning to meet the growth in demand.
Highlights for the year included Acsa’s achieving a Fitch rating of AA and issuing a R2-billion inaugural bond, said managing director Monhla Hlahla.
Headline earnings increased 6,9% from R620-million in 2006 to R663-million in 2007. — Sapa