Harith Development Impact Report 2021

The purpose of this development impact report is to provide our stakeholders with a transparent account of how we addressed the most material environmental management, social responsibility and corporate governance issues during FY2021. We have also included material issues that may extend beyond these dates.

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.

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 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.