Airports Company South Africa Aims To Develop Viable And Impactful Airports In South Africa. Airports Company South Africa was formed in 1993 as a public company under the Airports Act (No. 44 of 1993) and, although it is majority owned by the South African Government, it is legally and financially autonomous and operates under commercial law. Over the years, the company has transformed a fragmented, infrastructural parastatal into a focused, customer driven, efficient and commercially successful business, whose airports have become critical success factors to Brand South Africa. Airports Company South Africa SOC Ltd (the Company) owns and manages a network of nine airports in South Africa, including the three main international gateways of O.R. Tambo International, Cape Town International and King Shaka International Airports. In 2017, the nine airports facilitated nearly 41 million passengers. The Company is involved in equity investments abroad and provides technical advisory and consultancy services to other airports globally. The company’s majority shareholder is the South African Government (74.6%).
In line with the South African Government’s objectives, it focuses on creating sustainable value that positively impacts its business, its people, society and its environment over the short, medium and long term. It does this by managing the company in an integrated manner. As a state-owned company, Airports Company South Africa has a greater mandate than simply delivering profitability for its shareholders. It is mandated to advance South Africa’s national agenda of economic growth and development while delivering a sustainably profitable business. As a South African business, it is committed to achieving transformation by providing development opportunities for previously disadvantaged people.
The company’s transformation agenda is aligned with South Africa’s NDP and is guided by its transformation imperatives and sustainability framework. It strives to fulfil this mandate by conducting its business in an ethical manner that enables inclusive growth and creates sustainable value for all its stakeholders. Its three-pillar strategy, namely to Run airports, Develop airports and Grow its footprint is supported by its sustainability framework. Each of these elements is aligned to the company’s mission, vision and objectives. It implements its strategy and measures its performance against a set of strategic objectives and KPIs. This strategy outlines key outcomes that define the company’s success that will help it to achieve its Vision 2025 objectives and become the most sought-after partner in the world for sustainable technical advisory and consultancy services.
This is also aligned to its mission to develop and manage world-class airport businesses for the benefit of all stakeholders. Airports Company South Africa is a significant enabler of economic growth, transformation and socio-economic development. In 2017 the company commissioned a Social, Economic and Environmental Impact for FY 2017 and the report reflected that it generated R9.5 BILLION for South Africa’s economy, supported 14 950 direct and indirect jobs and supported R2.8 BILLION in income for its employees and those of its local suppliers.
