Today's Labour News

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acsaFin24 reports that Nompumelelo (Mpumi) Mpofu has been appointed as new CEO of the Airports Company SA (Acsa) with effect from 1 February 2020.  

Acsa owns and operates nine airports in SA.  It is majority owned (74.6%) by the South African government and in the financial year ended March 2019 it reported revenues of R7.1bn.  According to a statement issued on Wednesday, Mpofu joins Acsa at a time when "the company is charting a fresh course for its future".  Mpofu is currently director-general in the Department of Planning, Monitoring and Evaluation in the Presidency.  According to the statement, she has extensive experience spanning over 25 years in the fields of transport, infrastructure development, local government and town, urban and regional planning.  In early November Acsa's acting CFO told shareholders at the company’s AGM that Acsa was still investigating the extent of "financial misconduct" under former CEO Bongani Maseko, whose contract was not renewed in November 2018.  In 2018, Acsa's irregular expenditure was R39.3m and it increased 161% to R102.6 in 2019.

  • Read the full original of the report in the above regard by Carin Smith at Fin24


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