Airports Company South Africa (ACSA) is planning to add hotels, hospitals and offices at Johannesburg and Cape Town airports, news24.com reports. The developments form part of a wider push by the state-owned airports operator to expand commercial activity on its land.
According to Moneyweb, ACSA has put a R21 billion capital programme in place, a figure that places infrastructure spending back in focus for the company. The programme covers the group's planned investment in its airport assets.
The plans follow a period of stronger financial performance for ACSA. IOL reports that the company's revenue climbed to R8.81 billion as passenger numbers grew, while EWN describes the results as bumper earnings driven by the same rise in traveller traffic. eNCA reported that the airports operator is "back flying high," a characterisation that reflects the improved passenger figures.
The combination of growing passenger volumes and higher revenue gives ACSA room to commit to long-term building work, though the reporting so far sets out the shape of the programme rather than detailed timelines or costs for individual projects. The proposed hotels, hospitals and offices would sit alongside existing airport operations at the two sites, which are among the busiest in South Africa.
What to watch next: whether ACSA confirms specific project timelines, partners and funding arrangements for the R21 billion programme, and how the planned commercial developments at Johannesburg and Cape Town are phased in.
