ACSA dismisses reports of potential liquidation

JOHANNESBURG - Airports Company South Africa (ACSA) has dismissed reports that it faces possible liquidation.

The company was responding to claims that it failed to pay security service providers.

Last week, reports emerged that a disgruntled service provider had filed documents in the Johannesburg High Court seeking ACSA’s liquidation.

ACSA says it paid nearly R300 million to security service providers with valid invoices between April and November this year.

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While it acknowledges ongoing arbitration processes, the company insists its payments and disputes are above board.

“Firstly, we are not facing liquidation. We got our annual financial statements audited for the last financial year. We are in a good financial position. We declared a profit—that is not false—and that profit was audited by the Auditor-General of South Africa" said  ACSA CEO Mpumi Mpofu.

ACSA also says its contingent liabilities are well-managed, ensuring it remains solvent and liquid.