8-Oct-2013 3:48 PM

ACSA tariff increase in 2013 designed to recover investments made ahead of 2010 FIFA World Cup

Airports Company South Africa (ACSA) stated (07-Oct-2013) its tariff increase of 5.5% from 01-Apr-2013 is based on the need to recover ZAR17 billion (USD1.7 billion) in capital expenditure used to improve capacity at its airports ahead of the 2010 FIFA World Cup. ACSA MD Bongani Maseko said, "Future tariff increases are not expected to rise above inflation, as the company has proposed a review of the current revenue model, which will reduce our historical dependence on tariff increases as a key component of our income." As previously reported by CAPA, ACSA plans to increase tariffs by 4% in 2014 and 3% in 2015, assuming ZAR45 billion (USD4.5 billion) in investments over the next 10 years. [more - original PR]