SA Politics Thread Part 11: The GNU Normal

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www.moneyweb.co.za

Airports Company SA more than doubles profit

After FY2025 revenue jumped 13% to R7.9bn.
www.moneyweb.co.za www.moneyweb.co.za

The Airports Company South Africa (Acsa) reported a more than doubling of its annual net profit to R1.1 billion for the year ended 31 March 2025 on Monday, from R472 million in its previous financial year.

It comes as the company continues to recover from the Covid fallout five years ago, with double-digit growth in revenue for FY 2025.
 
After the crap DA pulled in Cape Town with the rates hike I will canvass for any party but the DA, hopefully they will kak with the next municipal election.
 
doodlesZHS said:
After the crap DA pulled in Cape Town with the rates hike I will canvass for any party but the DA, hopefully they will kak with the next municipal election.
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Lol, easy for people like you to find something to whine about. Come spend a month in Jhb under ANC rule.

I'll gladly spend more on rates if it means a better quality of life away from the ANC destruction...
 
The calls for Cyril to go grow, albeit indirectly.

Rest of 2025 and 2026 are going to be very very fun, plus the GNU will completely come apart once campaigning for 2026 gets fully underway. 🍿

Thank goodness ActionSA is not part of the Bosa GOOD Rize shenanigans, 2026 is going to embarrass many, not just the 20% DA.
https://twitter.com/x/status/1959961848104595888
 
TheChamp said:
www.moneyweb.co.za

Airports Company SA more than doubles profit

After FY2025 revenue jumped 13% to R7.9bn.
www.moneyweb.co.za www.moneyweb.co.za

The Airports Company South Africa (Acsa) reported a more than doubling of its annual net profit to R1.1 billion for the year ended 31 March 2025 on Monday, from R472 million in its previous financial year.

It comes as the company continues to recover from the Covid fallout five years ago, with double-digit growth in revenue for FY 2025.
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Just for those may may not know . ACSA is NOT SAA. Acsa is the entity managing the airports
ACSA is one of the very few that delivers returns back to gov

But it looks like even ACSA is starting to go down the drain

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Mike Hoxbig said:
Lol, easy for people like you to find something to whine about. Come spend a month in Jhb under ANC rule.

I'll gladly spend more on rates if it means a better quality of life away from the ANC destruction...
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One of the reasons we decided to sell our property.
Property is no longer an investment. You get more back by just putting your money in a ordinary savings account
Now we just rent. And when we get tired of this one we find another one

In a 5 year period I spent over a million in maintenance and upgrades which I never really got back. Money in the back pocket now
 
ShaunSA said:
The only thing that will flatten their curves is when the fatties learn to diet and exercise
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Then we're proper fscked, our lot can't diet or exercise (and no, Squirrels "runs" on the promenade aren't exercise when he's being stopped by every cougar in Slaapstad)
 
Major Boredom said:
One of the reasons we decided to sell our property.
Property is no longer an investment. You get more back by just putting your money in a ordinary savings account
Now we just rent. And when we get tired of this one we find another one

In a 5 year period I spent over a million in maintenance and upgrades which I never really got back. Money in the back pocket now
Click to expand...

That is the same conclusion I've come to. With EWC, the rise in rates and service tariffs (I pay electricity and water availability charges for property that is unimproved and needs no water nor electricity), as well as the declining SA currency and nobody capable of buying the property for its replacement value, it's time to sell up and get out of the property market, which is no longer an investment. I can get more interest investing money at a bank.

The frightening thing in SA is that the replacement value for structures is 5 to 8 times their market value. It's the reason insurance costs for buildings have skyrocketed.
 
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