SOUTH AFRICA
August 1st, 2001
BY RICHARD HURST, in JohannesburgTHE AIRPORTS Company of South Africa has warned that its profitability could be threatened by a slump in the number of international airlines flying into the country, as the boom in travel that greeted the onset of majority rule wears off.Chairman of ACSA, Mashudu Ramano said that there had been a steady decline of international airlines entering the country, slipping from a high of 74 to 52 today. He warned that the resulting decline in revenue could cause problems, given the billions of Rand spent on upgrading infrastructure at ...
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