|South Africa won’t sell Durban International Airport because it would create competition for a nearby airport that cost 6.8 billion rand ($930 million) to build, Business Report said, citing Transport Minister Sbu Ndebele.
The land will be sold and the aviation business at Durban International closed, the Johannesburg-based newspaper cited Airports Company South Africa Ltd. Chief Executive Officer Monhla Hlahla as saying. The site has been earmarked for industrial use, the newspaper said.
Comair Ltd. offered to buy the airport together with another South African company, Business Report said.
To contact the reporter on this story: Vernon Wessels in Johannesburg at email@example.com