Acsa fears effect of tariffs on its profits
THE Airports Company SA (Acsa), which has reported a 20% increase in profits to R2bn, is expecting a decline in profits in 2017 because of a dip in airport tariffs imposed by the economic regulator.Speaking at Acsa’s 2015-16 results announcement in Johannesburg on Friday, CEO Bongani Maseko said the regulating committee had written to the company to say it would soon finalise tariffs for the next five years and was waiting on certain issues it had to wrap up with the Treasury."We have had months of engagement with the new regulatory committee. We are hoping for a favourable outcome," he said.Acsa runs the country’s nine commercial airports including OR Tambo International, and has been operating on an "interim tariff" based on a 0% increase on 2015 fees, while it waited for the minister of transport to sign the regulator’s proposed five-year structure. The structure was supposed to be finalised by May 2015.Acsa has said the proposed tariffs, which advise slashing rates by 40%, would...
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