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South Africa: PE Fund Harith Moves to Buy South African Airline Flysafair
- Harith General Partners and affiliates signed a sale and purchase agreement to acquire full ownership of FlySafair, subject to approval from South Africa's Competition Commission and aviation regulators.
- Harith is a long-term infrastructure investor founded in 2006 managing about $3 billion, following a long-standing FlySafair shareholder exit process.
- Tshepo Mahloele, Harith chair, said the transaction is at an advanced stage, awaiting approval from competition authorities and two aviation regulators, with no immediate changes planned to FlySafair management.
- By moving FlySafair into full local ownership, Harith removes regulatory risk and aligns the airline with national aviation policy, resolving concerns over the 25% foreign ownership cap.
- The deal fits Harith's strategy to link airports, rail, and airlines into one system, signaling growing interest from African infrastructure investors in aviation assets that generate steady cash flow.
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Signed, sealed, awaiting approval: FlySafair to get a new owner
Investment firm Harith and its affiliates have signed a Sale and Purchase Agreement to acquire FlySafair, one of South Africa’s most successful and fastest-growing airlines. The transaction is not yet final and remains subject to regulatory approvals, including clearance from the Competition Commission and relevant aviation authorities. Who is buying FlySafair? Founded in 2006, Harith is a long-term infrastructure investor focused on energy, tra…
·Johannesburg, South Africa
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Coverage Details
Total News Sources15
Leaning Left2Leaning Right2Center1Last UpdatedBias Distribution40% Left, 40% Right
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
40% Right
L 40%
C 20%
R 40%
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