The Airports Company South Africa (Acsa), which is 74.6% directly owned by the national government, reported on Wednesday that it had, over the past few months, significantly improved its financial situation and obtained funding to increase its liquidity. Whereas, in the middle of last year, it had estimated that it would need funding support of up to R4-billion up to and including the 2023/24 financial year (FY), now it believed it would need only R600-million, and that only in FY 2023/24. “We are in a much better place than we were in mid-2020,” assured Acsa CEO Mpumi Mpofu. “While there is still a great deal of uncertainty about a recovery in air travel, we have successfully implemented most of the commitments we made in response to the impact of Covid-19 and are on track with further measures.”
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