• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
See More

Acsa takes regulator to court

Apr 07 2010 08:36 James-Brent Styan

Related Articles

Acsa, regulator at odds over fees

Shock hike in airport costs

Acsa's tariff application denied

Airport tax to soar

World body slams Acsa fee hike

Acsa asks for major fee hike


Johannesburg - The Airports Company of South Africa (Acsa) is taking its regulator to court over the latest tariff increases it has been awarded.

Acsa says the regulator made unauthorised changes to the methods used to determine its price increases.

The Airports Company Act clearly states that the regulator needs the permission of the minister of transport before making changes to its methodology, maintained Acsa spokesperson Nicky Knapp on Tuesday evening.

Knapp said Acsa wanted the court to order critical analysis and investigation into the existing regulatory regime and the regulator's procedures to ensure the predictability of the process and future certainty, transparency and fairness.

Acsa was looking for a long-term solution to the regulatory framework which currently constrained the company's ability to plan for the medium and long term.

The court documents were lodged on Tuesday. On March 31 the regulator announced that Acsa's tariffs could rise 40.7%, after having previously declared it believed a 59.9% increase would be granted.

Acsa had initially requested a 132.9% hike.

Regulator chairperson Mohammed Sizwe said that the regulator stood by its decision and would oppose the court application.

The interesting thing, he declared, was that Acsa was not questioning the content of the decisions, but the procedures followed.

The regulator, however, believed it was standing on firm ground and was prepared for any legal steps.

The regulator, said Sizwe, had met with the minister of transport shortly before the increases were announced, and the minister had been positive about the decision.

- Sake24.com

For business news in Afrikaans, go to Sake24.com.



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.

SAPS waited too long to complain about ad - DA

The DA has told a public hearing that the SA Police Service was "hopelessly out of time" to lodge a complaint against its election advert.


Latest elections multimedia

13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...