Harith is taking to the air with SAA - we examine its performance on the ground

Harith – a company seemingly born out of a simple drive to manage infrastructure funding in Africa, with significant Public Investment Corporation (PIC) buy-in -  is now a partial owner of SAA.

Harith, and the relationship of its executives with the PIC, has been the subject of intense scrutiny at an inquiry into the state-owned asset manager, which oversees over R2 trillion of mostly public servants’ money through the Government Employees' Pension Fund (GEPF).

Public Enterprises Minister Pravin Gordhan announced on Friday that a consortium of Harith and Global Aviation, called Takatso, would have a 51% stake in SAA, with the state retaining 49%.