Billionaire Rob Hersov eyes buying 6 ACSA airports

Outspoken billionaire Rob Hersov, together with businessman Nick Ferguson, are making a R2bn public offer to the Airports Company of South Africa (ACSA) to acquire 6 South African airports.
Hersov and Ferguson, co-founders of RSA.aero, are prepared to snap up 100% stakes - or at least majority controlling shares - of the East London, George, Port Elizabeth, Kimberley and Upington airports.
As part of the proposed deal, the pair say they are not looking to acquire OR Tambo Airport (Johannesburg), King Shaka (Durban) or Cape Town International.
"We have made an offer of R2bn, fully funded, to buy a controlling share in the regional airports, and even keep ACSA on as a minority partner. We will further invest many billions in making these regional airports viable and relevant, boosting local economies, creating jobs and supporting aviation," Hersov told the Nielsen Network.
The announcement by Hersov and Ferguson to snap up these 6 airports comes after they recently acquired the Fisantekraal Airport, just outside of Cape Town. The businessmen have converted the airport into the Cape Winelands Airport and aim for it to ultimately become the ‘Lanseria Airport of the Western Cape’.

[@Straightdeal]

With people like Rob Hersov still around and investing, there is hope for SA.

[@jennymakuch4661]

Thank you Rob and Nick, for bringing work to the people of South Africa.

[@mollymathias1157]

Keep the BBEE policy out if this deal. Keep the looting ANC cadres away from this investment . South Africa needs foreign investment and job creation.

[@qhaweinfo4069]

I believe it will take South Africans, both Black and White to save South Africa, and this will be doable successfully if we all put our best foot forward, and yes we can, with willing hearts, like Rob's.

[@rathernot6660]

No brown people. The many with entrepreneurial spirit, or those donning scrubs. Not those I suppose? No?

[@sandrabritz4063]

Praise GOD‼️‼️‼️TAKE BACK THE PRIDE OF SA👌

[@mkuluclive3783]

Please come to Durban and buy Virginia Airport,before our corrupt ANC stuff it up.

[@stlouisix3]

Awesome ideo, Rob Hersov -I really hope your investment is successful👏🏻👏🏻👏🏻👍🏻🤝

[@madeleinedonaldson4422]

What a pity you aren't buying King Shaka .KZN is in a chronic State We need both brains and Braun to revive our once beautiful Province They ( the Ruling bunch) have destroyed everything God love and bless you both🙏💪🙏

[@marianavanzyl5754]

And a regional one on the south coast.. Margate

[@pteddygovender6584]

see they closed post office acsa knows Po is a service certain ventures get tax relief etc . Acsa does not even use recycled water for flushing toilet

[@ryant1506]

South Africa has a lot more going for it than many realise. As an american expat in Joburg I'm more optimistic in SA than for the USA (unfortunately)

[@boerplaas388]

I live in he US and I have to agree. There’s more potential in South Africa than here. It’s very difficult to do business in America now . Extremely difficult. You have a regime in government with a dumbass as a so called President that closes doors wherever he goes . Countries do not want to deal with the US because of its untrustworthy stigma .

[@sibusisonkosi1810]

Rob you can be rest assured that your investment will be in good hands. I have served under Deon Cloete at Cape Town International Airport, he is one exceptional and dynamic leader of our times with huge amounts of airport management experience under his belt. This country needs futuristic business leaders like yourselves Gents. Big ups!!!👍🏽👍🏽

[@jocelynconvery3462]

Thank God for people like Nick and Rob who are prepared to see a need and go for it! Thank- you. I wish you every success

[@funkdunk]

Next there will be Airport's Company 2, my partner came up with the idea for converting "about to be decommissioned power stations to gas", he spoke with a business partner re the idea, who in turn phoned GM at that instant and the rest as they say is history for one exception, our company, who had the idea, has been left out in the dark

[@lenortancred]

Is this the same guy who advised investors to avoid RSA not so long ago?????

[@BonnyHorvath]

Morning Rob. Excellent idea. I'm sure many users will welcome direct local flights. Especially as they would be time and cost effective. We'll done. Wishing you all the success in this your new enterprise. Regards Bon 👣

[@devichandevichan4409]

We admire both these gentlemen got their iniative in investing in South Africa. This will provide jobs for many unemployed people. 👏👏👏👏👏👏👍👍👍👍

[@awb9012]

Sort out law enforcement first and the skies the limit quite literally. You can run away from the hordes but you cant hide from them. This country is a cess pool mate

[@qhaweinfo4069]

@Rob , Nick and Team, I commend you for being open to partner or propose a stake offer of 20% for PIC for example. I have confidence in well structured private partnership, where everyone knows their role to play, professionally and towards the growth of the Business as opposed to unleashing Cadre deployees to do nothing but milk the same government. While in the process of negotiations, please do spare a thought for a South African Citizens share in the pie. I foresee a brighter and sustainable future for the Country when Citizens of this Country are included in the pie. If sustainability is end goal, I'm happy to further advise. 😊

[@dennisjeffs4239]

I hope Rob & Nick can build a second airport for Cape Town, but after the Amazon debacle and the Khoisan, British Airways, Comair & Kulula, I fear that bureacracy will deny it. It is a great idea though, and I hope it does work out.

[@higherrealms72]

Yes please buy these airports please as soon as possible and emoy the Entire Rainbow Nation

[@nyikobaloyi9698]

Last time he said he want Cape Town to be a country and know he is awaiting multiple party government , nonsense.

[@joal9235]

About time.

[@talloolahmoon]

Rather than the chinese whom I’ve heard have taken over the Mugabe airport of Harare

[@robhersov2486]

Will the clowns in government even call us back on this offer?

[@murielpucoe9213]

Please dont forget us colloureds when iit comes to jobs. 😘

[@crispinswainstonharrison9042]

This deal won’t happen. ACSA is not on its knees yet.

[@devjono]

Maybe if there is something in it for them. What I want to know is how do you and your partner know these airports are the ones that are going to be profitable. Ja you said in the interview a toss of the coin. But a true business man doesnt give his true secrets away. And the locations must be right for flight schools and private aircrafts. Something or some kind of chatter is convincing you that S.A.'s economy is going to go well in the future.

[@yvonnemohlabi]

Pravin is selling a controlling shareholding of SAA (our national airline) to Tankatso Consortium for a mere US$200m to be paid over a period of unspecified years. You on the other hand want to buy all regional airports of South Africa for a mere US$116m which I am sure will not be paid for in cash upfront, all based on the promises of job creation and bringing better management. You are gravely mistaken sir to think that anyone with a bag full of (borrowed) cash and a mouth full of promises will be allowed to buy key national assets and infrastructure for peanuts and use them to print money for themselves and their families for generations. You are driven by greed and the need to dominate and industry just like your fellow billionaire friends. Focus on your Cape-wine airport project and be content with the benefits your family and associates will receive.

[@crispinswainstonharrison9042]

@@yvonnemohlabi what drivel. The government can’t run a thing. Look around you. The sooner everything is privatized the better.

[@Ed-wy2di]

I hope you are successful in your venture. I just don't see the cANCer selling the airports to you without greesing their hands and having to tolerate rent seekers. They will frustrate you to no end. They want investment on one hand but then tie you up with red tape on the other hand.

[@2seema1]

One of my contact was sharing how she is not able to travel to Venda when she wants cause there is no airport. According to her, there are many Venda residents in Johannesburg who want to fly cause the road trip takes 7 hours plus

[@dreamonboy5392]

Domestic freight big opportunity. A reliable service between cities taking into account the road infrastructure and regional poverty will be a blessing to all South Africans.

[@terrancepillay3922]

Love Rob & Nick's overall goal... I applaud you guys..... 👏👏👏

[@2seema1]

The closest airport to Venda is Polokwane ... that is still 4 hours away

[@wisemanmgogoshe1596]

Regardless of all challenges regional airports if utilized fully depending of strategies they have foreseen. This will increase buying power through jobs they will create. Which will increase air travel usage buy same employees and general public. Yes they will make big investment. More to this the airports will be closer to people.

[@neillamont1320]

And the workers are alway striking for higher wages

[@robertferreiro3466]

Sounds great..

[@monaliza3334]

Good job...

[@ryant1506]

Ps...remember, rising tides lifts all boats.

[@kmuniqco]

With that money he can build his own private airport...

[@vanessacouve8847]

The ANC has said no

[@petragodfrey2205]

Good luck uou going to need it,

[@rikadednam5930]

Who will run them

[@parmanandrankissoon3618]

A big big BIG mistake! Labour Laws Pathetic.You are the boss but you will not the boss....

[@judithzimmermann1265]

Ok 👌

[@jacquelinestoltz8210]

Hi Rob reason for not being active any more. We dont see any new conversations

[@Codydoggy]

We don’t have airlines 🤷‍♀️🤣

[@devjono]

Buy low sell high. Standard business practice. He sees a struggling country and sees good investment if all goes well later. You can be sure that what ever he is investing is only a small portion of his wealth and is invested in many other projects. The skill is having 55% succeed. To have the knowledge of diversifying to always being in profit.

[@relevantbrother8964]

Not according to Warren Buffett who's believes in buying great businesses at fair prices nor rubbish ones at low prices.

[@devjono]

@@relevantbrother8964 ok so Buffet doesnt diversify his portfolio? Never invested in a company in other countries, countries that he helped destabilize to create profit.

[@lloydkhambule]

If not the ANC then who DA EFF please

[@seamus9750]

Don't let the unions in !

[@rikadednam5930]

If it not you keep your money in your pocket

[@johndavid5618]

Jip get rid of the rubbish and put pple in who have brains.

[@didimarais5948]

Hurry up please!

[@WilfridBrooke]

But Roib you have to watch you back or you will be history

[@lionelbartlett5388]

Rob for president.

[@gayeinggs5179]

Please please please. Buy the bloody things then it will be run well

[@kiimmaritz2827]

Rob give my husband a CEO job please

[@qhaweinfo4069]

You are a caring wife 😂😂😂

[@mariowaldhausen3389]

You must be off your rocker.

[@brianlawrenson2815]

So buy them and they will steal them back

[@francoisbezuidenhout4638]

Jip, once everything is back running 100% smoothly...these philantropists never learn..

[@riaanpotgieter475]

The Namibian 🇳🇦 Airline is non existend, and stablish cross border flights as well. It would be a wise and profitable investment.

[@draterlarebil4506]

Nice Rob. How much did your wig cost?

[@savichangelryan664]

Rob and Nick be careful its a lot of money u investing .

[@ohlangeni]

And Ramaphosa will sell our airports to these European Colonial Oligarghs who dominate South Africa since 1910. He has already sold SAA for R51...a price of one Nandos quarter chicken.

[@andrewdutoit9571]

But Nando's are run by the same people... what now? Does this mean the majority will capitulate for a KFC Colonel Burger?

[@murielpucoe9213]

Sour grapes bro! There are black billioares... why didnt they think of iit?

[@ohlangeni]

@@murielpucoe9213 No, SAA a State asset should not have been sold to private persons. The same with ISCOR. Now, Rama👃is selling airports to his White kleptocratic friends

[@andrewdutoit9571]

On another tack, maybe Ramaposa knows the current crop of people can only run things... into the ground?

[@lionelbartlett5388]

What's out rob for anc they are s thieves.

[@WNdaba]

Mmxceeeeww, just say it our loud that Pravin has illegally promised to hand ACSA to you for a pittance of R14 too.

[@fuzzyparker7703]

Why can't the rich help the poor

[@AfricanBrands]

This won't work 😅 R2bn that is a robbery capitalism at its best

[@EinadManhoff]

👿

[@ruthcarter1360]

Yes, Please, Rob for President, of the country! He knows what he's talking about. ✅

[@fransswartz3452]

In Europe you cram up, expand and than threatening the once space that you invade. In SA you cram the masses and than you as Europeans own their land and stay on large open spaces plus on top of it you took their animals from them where you today have only the best part out of the cow according to Eugene Terblance. We watch your every move from now on , it's just that our elders besides from Zuma that stil spoiling you rotten

[@andretait2817]

It's painful listening to this guy....

[@michaellilienfeld4137]

Bitcoin will fix everything

[@devjono]

And what value does bitcoin have?

[@michaellilienfeld4137]

#buy bitcoin

[@michaellilienfeld4137]

Bitcoin is the bet

[@hemadayal7815]

how did this man come by this money...he hoards cash...he's an enemy of the people...greedy businnessman..he should be arrested to give account of that wealth...he takes from the poor to get richer...