Airports Company South Africa (ACSA) remains focused in its commitment to deliver quality aviation infrastructure to meet the country’s needs for the 2010 FIFA World Cup and beyond.
ACSA’s Chairman, Franklin Sonn on Thursday told BuaNews that his management team and staff were determined to hoist South Africa’s flag high by delivering world class service standards in 2010.
“Our infrastructure delivery programme is on track and our airports will be ready to host visitors during the 2010 FIFA World Cup and beyond.
“What the Chinese are doing in the Beijing Olympics is surely an example for us in this regard,” he said.
Presenting ACSA’s annual financial results on Thursday, Mr Sonn said in line with the economic growth expectations and the country’s preparations for the world cup, the airports company had also started a five-year capital expenditure programme.
During the five year period to 2012, ACSA would spend R19.3 billion escalating to R22 billion.
About 62 percent of the expenditure would be spent in the first three years leading to the 2010 FIFA World Cup.
Also speaking at the presentation Transport Minister Jeff Radebe said in the past five years, he had noticed ACSA’s significant improvement on airport infrastructure, adding that it was in line with the country’s economy.
He said government would work closely with ACSA to ensure that infrastructure would be ready come 2010.
“We will stay close to ACSA to ensure business sustainability and timely delivery of the critical infrastructure necessary for the biggest marketing opportunity for our country, the 2010 FIFA world cup,” he said.
Highlighting some of the key features of the financial year under review, he said ACSA nearly tripled the previous year’s investment infrastructure developments by spending R5.2 billion.
This includes spending R1.7 billion on OR Tambo International; R603 million on Cape Town International; R1.925 billion at the new green field airport development at La Mercy and Durban International and; R298 million at domestic airports countrywide.
The minister commended ACSA for their excellent financial results irrespective of the challenging environment.
“We trust that you will continue focusing on efficiency in revenue and cost, while keeping your eyes on 2010 deliverables,” he said.
According to ACSA’s Managing Director, Monhla Hlahla, infrastructure investment increased by 215 percent to R5.2 billion, while revenue increased by 9 percent to R2.797 billion.
“Departing passenger volumes increased by 106 percent to 18.2 million. Commercial and other non-aeronautical revenue increased by 20.2 percent to R1.429 billion,” she said.
The robust growth in non-aeronautical revenue was mainly attributable to increases from activities such as property, core retail, car hire, as well as advertising.
ACSA continued to experience strong growth in traffic and non-aeronautical revenues due to strong positive growth in passenger numbers against a backdrop of positive economic growth, particularly in the first nine months of the financial year.
“These results are good and reflective of the difficult operating and economic regulatory climate.
“We will continue to focus on being efficient and deliver excellent service to our customers,” Ms Hlahla said.
PUBLICATION: allAfrica.com (BuaNews)
AUTHOR: Nthambeleni Gabara
DATED: 14th August 2008