South Africa’s Airports Operator to Spend R21.7 Billion on Modernisation Drive
Airports Company South Africa to Invest $1.2 Billion in Upgrades, Expands OR Tambo and Cape Town Projects South Africa’s state-owned Airports Company South Africa SOC Ltd. (Acsa) plans to raise about half of the R21.7 billion ($1.2 billion) it will spend on infrastructure upgrades over the next year, according to Chief Financial Officer Luzuko Mbotya. The operator will fund the program through a mix of long-term debt instruments and favorable
