SACAA Annual Report 2022_23

PART B I Performance Information

3.3.3 SACAA Revenue Collection Table 4 illustrates that the total revenue of R885.6 million for the financial year under review increased by 14.2% compared to R775.8 million in 2021/22. It is 2.5% higher than the budgeted revenue collection of R863.8 million for the financial year under review, largely due to higher-than-expected passenger numbers during the financial year. Passenger safety charges increased by R157.7 million or 52.9% from the previous financial year due to higher passenger numbers, and user fees increased by R24.8 million or 22%. The fuel levy decreased slightly by 8.5% as more air cargo was routed through the cargo holds of increasing scheduled passenger flights. Other income in the

current financial year includes a once-off revenue of R4.2 million related to ticket sales and sponsorship income from the International Flight Inspection Symposium successfully hosted in Durban in June 2022. Financial support from the Department of Transport decreased from R277.6 million in the previous financial year to R187.9 million in the year under review. Interest revenue generated by reserve funds increased by R13.1 million from the last financial year and was R3.8 million better than the budget, as interest rates rose and cash reserve levels recovered.

Revenue Collection Source of Revenue

2022/23

2021/22

Budget

Actual

Variance Variance Budget

Actual

Variance Variance

R’ million R’ million R’ million % R’ million R’ million R’ million %

Passenger Safety Charge

440.6

455.8

15.2

3.4% 236.4

298.1

61.7

26.1%

User Fees Fuel Levy

136.3

137.6

1.3 2.2

1.0% 115.8

112.8

(3.0) (2.6%)

31.1

33.3

7.1%

29.8

36.4

6.6

22.1%

Department of Transport

226.0

225.1

(0.9) (0.4%)

313.5

313.6

0.1

.0%

Interest Received

20.2

24.0

3.8

18.8%

11.5

10.9

(0.6) (5.2%)

Other Income

9.6

9.8

0.2 2.1%

3.0

4.0

1.0

33.3%

Total

863.8

885.6

21.8

2.5% 710.0

775.8

65.8

9.3%

Table 4: SACAA Revenue Collection Breakdown

46 I Annual Report 2022/23 I Performance Information