Airports Company South Africa SOC Ltd (the Group) owns and operates South Africa's nine principal airports, including three international gateways; O.R. Tambo, Cape Town and King Shaka International Airports. We also participate in equity investments abroad and provide technical advisory and consultancy services to airports.
The South African Government is a 74.6% majority shareholder in our Company. We align ourselves with the nation's aspirations of transformation, sustainable growth and value creation. While providing world-class secure infrastructure for airlines to transport people and goods, we recognise that we have a key role in the national development plan; in facilitating economic growth, job creation and accelerating transformation towards inclusive economic participation.
Our revenue is generated from aeronautical, nonaeronautical and non-core sources. Aeronautical revenue is derived from government-regulated charges or tariffs paid by airlines. This includes fees for aircraft landing, aircraft parking and passenger service charges. Non-aeronautical income is derived from multiple sources that include retail sales, concession fees, property leases, parking fees, hotel operations and advertising. Non-core revenue is derived from equity investments abroad and technical advisory and consultancy services to airports.
While the impact of the COVID-19 pandemic on the aviation industry globally has been devastating and the path to recovery will be long, we are confident the foundation of a solid balance sheet, a strong reputation and enduring competitive advantages will stand us in good stead.
To be the most sought-after partner in the world for the provision of airport management solutions by 2030.
To acquire, develop and manage world-class airports and related businesses for the benefit of all our stakeholders and the socio-economic development of South Africa.
We define our values through the acronym PRIDE: Passion – Results – Integrity – Diversity – Excellence.
Connecting people to people, places, dreams and opportunities.
In line with the Airports Company Act, No. 44 of 1993, as amended, the Company is mandated to undertake the acquisition, establishment, development, provision, maintenance, management, operation and control of any airport, any part of any airport, or any facility or service at any airport normally related to an airport function.
Airports Company South Africa is a State-owned company, and schedule 2 public entity in terms of the PFMA that is legally autonomous and operates within the ambit of the Companies Act. Our diverse shareholders include the South African Government, through the Department of Transport (DoT), as our major shareholder, the Public Investment Corporation (PIC), five empowerment investors and a staff sha re incentive scheme.