Harith and its affiliates have entered into a Sale and Purchase Agreement to acquire FlySafair, one of South Africa’s most successful and fastest-growing airlines. The transaction remains subject to customary regulatory approvals, including approval by the Competition Commission.
Founded in 2006, Harith is marking its twentieth year as an established long-term investor in strategic infrastructure across Africa, with over US$3 billion in assets under management and a focus on energy, connectivity, transportation and logistics. As a pioneer in mobilising capital for infrastructure developments across Africa, this transaction supports their strategy of strengthening a highly effective integrated transport ecosystem that connects Africa. The proposed investment is aligned with FlySafair’s existing trajectory and supports the airline’s continued focus on operational excellence and sustainable growth.
The transaction follows a long-standing shareholder exit process at FlySafair that has been under consideration for several years. Harith’s proposed investment reflects confidence in FlySafair’s proven operating model, strong management team, and long-term growth prospects.
As with all transactions of this nature, the acquisition is subject to regulatory approvals, and the parties continue to engage constructively with the relevant authorities, including the Competition Commission and relevant aviation authorities as part of the normal oversight applicable to licensed airlines.
Consistent with Harith’s value-focused, long-term investment approach, the intention is to support FlySafair as a disciplined and successful business, maintaining continuity under its existing leadership and further bolstering Harith’s strategy to secure an integrated transport network. By providing patient, long-term capital, Harith supports FlySafair’s existing strategy to enhance affordability, reliability and connectivity.
