Harith General Partners to Acquire FlySafair, Strengthening South Africa’s Aviation Sector

South Africa’s aviation landscape is set for a significant shift as Harith General Partners, a leading infrastructure investor, has entered into an agreement to acquire full ownership of FlySafair, the country’s largest low-cost airline. This move marks a major milestone in Harith’s strategy to expand its transport and infrastructure portfolio across Africa.

The acquisition, announced on 10 February 2026, is being executed through Harith’s aviation arm, Harith Aviation, and remains subject to regulatory approvals, including antitrust clearances and licensing body reviews. The transaction is expected to be finalized by the fourth quarter of 2026 .

FlySafair, known for its reliability and affordability, has grown to become South Africa’s largest domestic airline, serving millions of passengers annually. The airline has also been at the center of regulatory debates over foreign ownership, and this acquisition by Harith, a South African private equity firm, is expected to resolve long-standing concerns about local ownership compliance.

Harith’s Vision for FlySafair

Harith General Partners, which manages assets worth approximately \$3 billion, is partially owned by the South African government through the Public Investment Corporation (PIC). The PIC oversees public-sector funds, including the Government Employees Pension Fund (GEPF), and holds a 30% stake in Harith.

According to Harith Chairman Tshepo Mahloele, the acquisition of FlySafair aligns with the firm’s broader goal of enhancing regional connectivity and supporting economic growth through strategic investments in transport infrastructure. “This acquisition is not just about owning an airline; it’s about strengthening Africa’s aviation ecosystem and creating opportunities for regional expansion,” Mahloele stated.

FlySafair’s integration into Harith’s portfolio is expected to bolster the airline’s operational capacity and support its plans for regional growth. The airline’s strong domestic presence and reputation for efficiency make it a valuable asset for Harith as it seeks to expand its influence in Africa’s aviation sector.

Resolving Regulatory Challenges

The acquisition also addresses regulatory challenges that have surrounded FlySafair in recent years. The airline has faced scrutiny over foreign ownership limits, which restrict non-South African entities from holding majority stakes in local carriers. By transferring ownership to Harith, a South African entity, FlySafair is expected to fully comply with these regulations, paving the way for smoother operations and potential expansion.

Implications for South Africa’s Aviation Industry

This acquisition is a significant development for South Africa’s aviation sector, which has faced numerous challenges in recent years, including the restructuring of South African Airways (SAA). Harith’s previous attempt to acquire a stake in SAA was unsuccessful, but the firm’s focus on FlySafair demonstrates its commitment to investing in the country’s aviation infrastructure.

FlySafair’s strong market position and operational efficiency make it a key player in South Africa’s domestic aviation market. With Harith’s backing, the airline is well-positioned to enhance its services, expand its route network, and potentially explore regional and international markets. This move also aligns with broader efforts to improve connectivity across Africa, supporting trade, tourism, and economic integration.

Looking Ahead

As the transaction progresses, all eyes will be on how Harith leverages FlySafair’s strengths to achieve its strategic goals. For African aviation professionals, this acquisition highlights the growing role of private equity in shaping the continent’s aviation landscape. By investing in reliable and efficient carriers like FlySafair, firms like Harith are not only addressing regulatory challenges but also laying the groundwork for a more connected and competitive African aviation market.

With the deal expected to close by late 2026, FlySafair’s future under Harith’s ownership promises to bring new opportunities for growth, innovation, and enhanced connectivity in South Africa and beyond.