Airports Company South Africa reports R1 billion loss amid buyout reports

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 61%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Airports Company South Africa reported its financial results for the year ended March 2022, which it says largely reflect a difficult operating environment for the group following the Covid pandemic and last’ year’s civil unrest.

The results come amid reports that a number of prospective investors have expressed an interest in buying a stake in the company, but transport minister Fikile Mbalula has said that it’s not for sale.

Aircraft landings increased by 105% to 176,816 from 86,434 in the previous year, and departing passenger numbers improved by 131% to 10.5 million from 4.6 million. Total revenue from non-aeronautical sources takes into account rental revenue reprieves of R591 million granted to tenants to offset the negative impact of the pandemic.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Where South Africa’s top companies advertiseSouth Africa’s top companies all have one thing in common – they advertise on MyBroadband.
Source: mybroadband - 🏆 11. / 67 Read more »

Numsa signs a wage agreement with bus company PUTCO - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The National Union of Metalworkers of South Africa has signed a wage agreement with bus company putco after a debilitating wildcat strike. I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.
Source: SABCNews - 🏆 37. / 51 Read more »

The IDC just got a scolding from the trade and industry minister – in its own annual report | BusinessinsiderThe billions the Industrial Development Corporation spent on black industrialists, black business, women, and youth is not nearly good enough, Ebrahim Patel told the IDC, right in its own integrated report. As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of Catherine_nico I made a successful withdrawal of R 200,000 with the help of Catherine_nico I’m gradually making more earnings now in my trades but with the aid of a trader that was recommended and now I'm recommending her to y'all EliDonovan01
Source: BISouthAfrica - 🏆 34. / 51 Read more »