Airports Company South Africa (ACSA) is planning to add hotels, hospitals and offices at Johannesburg and Cape Town airports, news24.com reports. The developments form part of a wider push by the state-owned airports operator to expand commercial activity on its land.
According to Moneyweb, ACSA has put a R21 billion capital programme in place, a figure that places infrastructure spending back in focus for the company. The programme covers the group's planned investment in its airport assets.
The plans follow a period of stronger financial performance for ACSA. IOL reports that the company's revenue climbed to R8.81 billion as passenger numbers grew, while EWN describes the results as bumper earnings driven by the same rise in traveller traffic. eNCA reported that the airports operator is "back flying high," a characterisation that reflects the improved passenger figures.

