Airports Company South Africa to reduce tariffs by 35.5% from April 1

Airports Company South Africa to reduce tariffs by 35.5% from April 1

Jan 5, 2016: Airports Company South Africa will be reducing service charges levied at its airports by 35.5 percent for the next fiscal year. The decrease was first signed off in December 2016.

These charges will then rise by 5.8 percent in the succeeding year (FY18-19) and by 7.4 percent in FY19-20.

Starting April 1, 2017, the new service charges per domestic passenger has been reduced to R82 as against the current R127 while an international passenger will be charged R223 compared to the current R346. Meanwhile, service charges for passengers departing from an airport within Botswana, Lesotho, Namibia or Swaziland has been reduced to R169 from R263.

Bongani Maseko, the chief executive of Airports Company South Africa, said, “We would like to thank the Regulating Committee for all its hard work. We are happy that this process has finally concluded, and all role players in the industry can now have regulatory certainty.”

“It is important to note that the final permission is in line with Airports Company South Africa’s expectations and what was proposed to the Regulating Committee. We anticipated this outcome for some time, and factored it into our financial and business planning,” concludes Maseko.

 

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