Harith leadership speaks on the future of investment in Africa
Harith CEO Sipho Makhubela and his leadership team share their vision for infrastructure investments in Africa in the context of a rapidly evolving world – precipitated by the COVID-19 pandemic and its impact on the global economy. In this thought leadership series, the Harith leadership team share their thoughts on why they still believe in the “African growth story”.
Takatso Consortium and South African Government partner to relaunch South African Airways
Following the announcement by the Honourable Minister of Public Enterprises, Pravin Gordhan, the Takatso Consortium has expressed its delight and commitment in being selected as the Preferred Strategic Equity Partner (SEP) for South African Airways (SAA). The Consortium comprises Harith General Partners, a leading pan African investor in African infrastructure, and aviation group Global Aviation.
The AFCFTA can transform African economies, but it will stall without the right infrastructure
We are living through the first stages of a radical remaking of Africa’s economic landscape. On January 1, 2021, the largest global free trade area in terms of countries participating came into existence, with the potential to transform the continent’s economic prospects.
Harith launches $200m top up fund for further investment in its high-performing, world class infrastructure assets
Top-up fund provides exposure to Africa’s growth accelerated by the African Continental Free Trade Area Harith General Partners, one of the largest investors in African Infrastructure, has announced a US$200 million capital raise in a follow-up fund to its Pan African Infrastructure Development Fund (PAIDF) 2, that is open to existing and new investors.
Johannesburg’s First Gas-Fired Power Plants Planned by Harith
Harith General Partners, which funds infrastructure development across Africa, is pushing ahead with plans to build the first gas-fired power plants in South Africa’s industrial hub of Gauteng and is exploring options to source the fuel. The fund manager wants to build two gas-fired plants at the site of its coal-fired Kelvin Power Station, which lies east of Johannesburg close to the city’s main airport.
Harith to unlock intra-African trade with investment in Beitbridge, Southern Africa’s busiest border crossing
Harith General Partners, one of Africa’s largest infrastructure-focused private equity fund managers, today announced that despite being in the midst of the COVID-19 crisis, the US$296 million Zimbabwe Beitbridge border post complex BOT Public Private Partnership has reached financial close.
Harith wins another legal victory as Supreme Court of Appeal dismisses appeal launched by Holomisa and the UDM
Harith General Partners (“Harith” or “the Company”) welcomes the Supreme Court of Appeal’s decision to dismiss United Democratic Movement (UDM) and President Bantu Holomisa’s appeal – with costs for two counsel – against a ruling from the North Gauteng High Court regarding false and defamatory comments he made about the Company.
Harith vindicated by DBSA’s independent probe
Bantu Holomisa, the leader of the United Democratic Movement once again made defamatory and misleading allegations against Harith in June this year, regarding DBSA’s provision of a loan to Crede, an emerging infrastructure developer that was supported by Harith as part of its enterprise development programme.
Traxtion announced a R1.5bn locomotive and wagon-building programme
This follows the Economic Recovery Plan presented by President Cyril Ramaphosa at the Joint Sitting of Parliament on October 15, where he announced that the State would be granting third-party access to the core rail network within the next 12 months. Under this new policy private freight rail operators will be allowed to operate on the state-owned rail infrastructure alongside and complementary to Transnet.
Harith appoints Sipho Makhubela as new CEO
Leading Pan-African infrastructure financier, Harith General Partners announced at its Annual Investors’ Feedback meeting last week that Mr Sipho Makhubela has been appointed as its Chief Executive Officer with effect from 1 September 2020. Sipho’s appointment follows Mr Tshepo Mahloele’s request to step aside as Harith’s CEO earlier this year after 14 years of successfully developing signature infrastructure projects on the African continent.