Acsa looks to Africa for growth

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Johannesburg - Airports Company South Africa (Acsa) is looking to the rest of Africa for investment opportunities, according to Haroon Jeena, Group Executive, Commercial Services.

Tourism Update reports, Acsa wants to diversify its asset and income base, as well as monetise and further grow its human resource skills.

The parastatal currently operates South Africa’s nine major airports, operates in Mumbai International and is part of a joint venture to manage and upgrade Guarulhos International Airport in São Paulo, Brazil.

The report states the move seeks to capitalise on investments in the rest of Africa and that the company was looking to invest in any African country that had high GDP growth prospects; stability, and a level of passenger and cargo movements that would support and justify the investment.

No time-frame has been revealed for the investments and is subject to approval from the various government departments involved, said Jeena.

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