South Africa’s competition authorities approve Harith General Partners’ planned acquisition of budget airline FlySafair, according to reports from Bloomberg and Moneyweb. The approval clears an antitrust hurdle for the private equity firm to proceed with the deal.
Moneyweb adds that the transaction is expected to support FlySafair in dealing with regulatory pressure related to South African ownership requirements. The airline is described as having a dominant position in the domestic market, controlling more than 60% of domestic seat capacity. By acquiring FlySafair, Harith’s involvement is presented as a mechanism to help the airline meet applicable ownership rules and regulatory expectations.
Bloomberg focuses on the antitrust decision itself, while Moneyweb provides additional context on why the acquisition matters for FlySafair’s compliance. Both outlets describe the move as a step forward in the planned acquisition, following the regulator’s approval.
