Harith secures competition approval for FlySafair purchase

Johannesburg-based investment firm Harith has received conditional approval from South Africa’s Competition Tribunal to finalize its acquisition of FlySafair. The deal, initially announced in February 2024, addresses ongoing concerns regarding foreign ownership within the airline. This clearance follows a recent ruling by South Africa’s Air Services Authority. The Competition Tribunal's decision allows Harith to proceed with the transaction subject to certain conditions. Details surrounding the specific terms and timeline for completion remain undisclosed at this time, pending final regulatory steps.