ACSA gets performance nod from Mbalula
Transport Minister Fikile Mbalula has lauded Airports Company of South Africa (ACSA) for maintaining a healthy profit margin in the 2018/2019 financial year.
This comes after the company raked in an income of R58.6 million against a target of R33 million.
Speaking at ACSA's annual general meeting on Friday, Mbalula said the healthy profit margins are a display of the board's hard work.
"Of the 17 targets for the 2018/19 financial year, only 5 were not achieved, pointing to an 82% success rate in realising predetermined objectives. While this is commendable, we must always strive to achieve 100% of our planned targets.
"One of the most important targets ACSA achieved relates to generating income independent of traditional passenger and cargo traffic, which in itself is reflection of ACSA’s diversification efforts."
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Prasa's Group Chief Executive Officer, Nkosinathi Sishi says Prasa and Eskom's debt has been settled. Sishi adds that when Prasa wants to pay an amount over a certain threshold, the Department of Transport has to be involved in the process. "At the time, we could only pay R22 million and Eskom could not accept that," explains Sishi.
Earlier this year, ACSA also received a clean bill of health from the Auditor-General.
"I am equally pleased that ACSA has received an unqualified audit opinion from the Auditor-General for the 2018/19 financial year."
Despite this, the minister called for the board to deal with the slow response in implementing the commitments made in the prior year to address issues of compliance.