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The Department of Transport has been approached by prospective investors who expressed interest in acquiring equity in the Airports Company South Africa (ACSA). A number of other interested parties have approached ACSA with similar proposals.
The Shareholding of ACSA is divided between the Government of South Africa as represented by the Minister of Transport at 74.6%, Public Investment Corporation at 20%, Oppressed ACSA Minority 1 at 1.4%, G-10 Investments at 1.21% Pybus ThirtyFour Investments at 0.4%, Telle Investments at 0.8%, Upfront Investments at 0.4%, Airports Management Share Company at 0.82% and Lexshell 342 Investments Holdings at 0.37% .
ACSA is not only a strategic national asset with an important role to play in South Africa’s economic reconstruction and recovery, but also in enabling the growth of the aviation sector in Africa. It is on this basis that the government has no intention to divest the equity it holds in ACSA, in favour of private shareholding in the foreseeable future.
While it is true that ACSA has been severely impacted by the COVID-19 pandemic as a result of travel restrictions, it remains on course on the recovery path. The ACSA recovery is driven by its recovery strategy premised on its mandate to run airports, develop airports and grow its footprint, both in the country and elsewhere, with particular focus on the African continent.
We welcome the interest prospective investors continue to show in our country and in our public entities. We will continue to engage with these investors with a view to direct these investments to projects that we believe will add appropriate value to our service delivery mandate across the sector, and not equity. The aviation sector has massive potential for investment and we encourage investors to take advantage of the opportunities it presents.
Issued by Transport Minister Fikile Mbalula
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