Acsa signs new R3bn loan with banks
The deal with Standard Bank, Rand Merchant Bank and Nedbank doubles an existing R1.5bn overdraft-type facility up for renewal in June
20 August 2020 - 12:48
Airports Company SA (Acsa) has signed a new R3bn loan with domestic banks and shelved major projects to shore up its finances during the coronavirus crisis, its CFO said on Thursday.
Since March, when a state of disaster was declared to contain the Covid-19 pandemic, major domestic airports, such as the continent’s busiest, OR Tambo closed, knocking revenue at Acsa. ..
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