Acsa strategy during pandemic turbulence puts it on road to recovery
CFO Siphamandla Mthethwa says cost cutting and sale of noncore asset paid off
05 May 2021 - 19:37
Airports Company SA (Acsa), which was one of the few profitable state-owned enterprises (SOEs) before Covid-19 struck, says it is firmly on the road to recovery after slashing its operating expenses and disposing of some of its noncore assets.
“Compared to last year [2020], Acsa is in a much better place. It is not necessarily because our operating environment has improved, we are still dealing with a lot of uncertainty at the moment,” Acsa CFO Siphamandla Mthethwa told MPs on Wednesday...
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