Related Articles
Top Stories
Feb 13 2012 12:15
Miner Xstrata says it has brought forward maintenance on two furnaces to assist Eskom to save power.
Feb 13 2012 10:43
Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.
Feb 13 2012 07:58
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
Johannesburg - Government will not sell Durban International Airport to Comair, Business Report said on Wednesday.
Comair said earlier this week it wanted to buy the airport to
compete with the new airport being built at La Mercy by Airports
Company SA (Acsa).
Business Report quoted Transport Minister Sbu Ndebele as saying: "You can't have competition for La Mercy... It's such an expensive asset."
The new airport would start operating in May next year while the existing airport would continue to operate alongside La Mercy airport during the World Cup. It would then be closed.
Monhla Hlahla, the chief executive of state-owned Acsa, was
quoted as saying: "When we say closing Durban International we mean closing the aviation business."
According to Ndebele the land has been earmarked for industrial
use.
Meanwhile Business Report said the department of transport had
confirmed this week it had received a letter from Comair, which was one of several offers that had come through for the south Durban site.
Acsa reportedly wants R3bn for the property.
The newspaper quoted Gidon Novick, the joint chief executive at
Comair, as saying earlier this week the airline did not want to fly from the new airport being built at La Mercy as it was too far from the city of Durban.
"The current airport is 20km from the city centre and the new
one is 45km," Novick said.
- Sapa