• Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

All data is delayed
See More

Airport tariff hike capped at 37%

Jul 07 2011 16:34
Pretoria - Airport tariffs will increase by not more than 37% in the coming three years, the regulator said on Thursday.

"There is no exact nominal amount... As regulator, we just discharge specific increases that need to be implemented by Acsa (Airports Company South Africa)," said Regulating Committee member Unathi Mntonintshi.

"But in terms of the grouping of passengers, the groupings of the size of the planes and the different prices to be charged, Acsa will have that detailed information."

Tariffs in the current financial year were at 35% and would increase to 37% in the next financial year, said Mntonintshi.

"It will come down again in the third financial year," he said, without giving more details.

He said what would come out of the increase was not linked to global standards.

When pressed for numbers, transport director general George Mahlalela said it was "almost impossible" to tell how much more a passenger would have to pay (per destination)".

The briefing followed a meeting between the department, regulators, Acsa and other industry representatives.

Mahlalela said they would review Acsa's economic regulatory framework to facilitate predictable, transparent and balanced tariff determinations in the future.

He said his department, together with industry players, will have an intensive and accelerated programme in the next six months to address some of the gaps in the economic regulatory framework for airline industries.

"Moving forward, it is also important to put in place new funding models for airports," he said.



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
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote