Sale of South Africa’s biggest airline officially approved

Sale of South Africa’s biggest airline officially approved

South Africa’s highest antitrust authority approved private equity firm Harith General Partners’ proposal to acquire budget carrier FlySafair.The decision by the Competition Tribunal, announced Wednesday, seals one of the most significant aviation transactions in South Africa in years, handing control of the market leader in Africa’s biggest economy to an infrastructure investor seeking to expand its footprint across the transport sector.

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Reported by businesstech.co.za.

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