R228 of 2024
ACSA Interest Rate Swap Agreements Investigation
activeSigned 2024-02-19
ACSA runs South Africa's major airports — OR Tambo, Cape Town International, and others. The Zondo Commission found that ACSA had entered into complex financial agreements with banks that may have cost the company billions unnecessarily. The SIU was asked to investigate whether this was corruption or just very bad financial management.
Laws & Constitution
This proclamation is linked to statute and constitutional sections by usage type. See the Zondo and law-section pages for the same data in context.
- enabling
- Constitution s84 — Presidential proclamation route used to open the airport-procurement leg.
- SIU Act Section 2 — Activation of the Airports Company procurement review.
- investigated
- Constitution s217 — Procurement in public-sector entities must be fair, transparent and competitive (Chapter 13).
- PFMA Section 50 — Duties of the accounting authority — the board must act in the best interests of the entity.