State-owned Airports Company South Africa (Acsa), an entity of the Department of Transport, reported on Thursday that it was seeking to monetise assets and activities, to improve its liquidity and significantly decrease its capital and operational expenditure. This was to help it respond to the damage inflicted upon global aviation by the Covid-19 pandemic and governmental measures to try and contain it. “In responding effectively to the devastating impact of the pandemic we have adapted our strategy to focus on enhancing (our) core aeronautical activities,” explained Acsa CFO Siphamandla Mthethwa. “Our strategic response includes a process to release wealth associated with non-core assets.”
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