Share

Airport tariff hike capped at 37%

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.

 
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.98
-0.2%
Rand - Pound
24.08
+0.1%
Rand - Euro
20.59
+0.0%
Rand - Aus dollar
12.36
+0.5%
Rand - Yen
0.13
+0.6%
Platinum
904.45
+0.2%
Palladium
999.75
-0.6%
Gold
2,152.84
-0.4%
Silver
24.91
-0.5%
Brent-ruolie
86.89
+1.8%
Top 40
65,923
-0.5%
All Share
72,134
-0.4%
Resource 10
53,280
-0.1%
Industrial 25
99,477
-1.0%
Financial 15
16,643
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders