Press releases

Harith General Partners is satisfied that the truth has finally prevailed in the years-long, sustained and malicious campaign to taint it with allegations of malfeasance. This comes after the forensic investigation commissioned by the PIC concluded in its final report that there was no evidence to support the damaging allegations made more than 5 years ago by a Senior Member of Parliament.

JOHANNESBURG, 23 September 2022 –In a groundbreaking Constitutional Court ruling, Harith General Partners (“Harith”), a leading pan- African infrastructure investment firm, won a major legal victory with an order ruling against Mr Bantu Holomisa and the United Democratic Movement (UDM). The Constitutional Court dismissed Holomisa and the UDM’s appeal against a High Court judgement in favour of Harith and its co-litigants, represented by Nicqui Galaktiou Inc. Attorneys with legal costs.

Harith General Partners, one of the largest investors in Africa’s infrastructure, and Anergi Group, a leading African power provider, have partnered to establish the Pan-African Renewable Energy Fund (PAREF) to accelerate renewable energy adoption across Africa. The $300 million fund will be key to bridging the energy access gap across the continent, while contributing to the just transition of energy by accelerating Africa’s move to low-carbon economies in a socially responsible manner.

The Takatso Consortium welcomes finance minister Enoch Godongwana’s recent public support for the Consortium’s acquisition of a 51% interest in SAA – signalling a firm commitment from Government to conclude the transaction. Takatso shares Government’s view that the transaction will be an eminent example of a public / private partnership in one of South Africa’s most important sectors.

Harith, one of the largest and leading investors in African infrastructure, has successfully concluded the disposal of its stake in MainOne, West Africa’s largest communications services operator, to Equinix (Nasdaq: EQIX), the world’s largest digital infrastructure company, following the achievement of all regulatory approvals.

Leading telecoms investor Community Investment Ventures Holdings (CIVH) today announced that it has concluded a landmark transaction by restructuring the digital infrastructure assets of Vumatel, Dark Fibre Africa (DFA) and SA Digital Villages (SADV) ISP whilst concurrently merging with Vodacom’s network infrastructure – creating a market-leading, integrated fibre operating platform (Infraco).

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.

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.

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 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.

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.

Harith General Partners appeared in the Pretoria High Court before Judge Tlhapi for an urgent interdict application against the UDM President, General Bantu Holomisa, and the UDM to stop them from making any further false, misleading or spurious statements about Harith.

Harith welcomes the PIC Commission’s finding of no corruption on behalf of Harith or its executives. Harith General Partners (“Harith” or “the Company”) notes the release of the report relating to the outcome of the PIC Inquiry. Harith welcomes the findings by the Commission that there was no corruption on behalf of Harith or its executives, as falsely alleged by Mr Bantu Holomisa.

Africa Finance Corporation (“AFC”) and Harith General Partners (“Harith”), acting on behalf of its portfolio company Aldwych Holdings Limited, are pleased to announce final close of the merger of their respective electricity generation assets into a new operating company, Anergi Holdings Limited (“Anergi” or the “Company”). Following a transaction initially signed in June 2016, all Conditions Precedent to the implementation of the merger have now been met, and the inaugural board meeting of the Company was held on 5 December, 2017.

The Pan African Infrastructure Development Fund 2 managed by Harith General Partners (“Harith”) has concluded an investment into Sheltam Mauritius Limited (“Sheltam”) being the ultimate parent company of the Sheltam Group. This investment was made through a share subscription for 30% of the total equity in Sheltam for an undisclosed...

Sandton: ​Harith General Partners has invested in NOVO Energy, a power and technology company that specialises in supplying alternative fuel technologies and services in Africa. Harith, the South African based fund manager, purchased a significant shareholding at NOVO Energy through its US$435m second Pan African Infrastructure Development Fund (PAIDF2).

Sandton – Harith General Partners wishes to respond as follows to the allegations published in the front page of the Business Day on Wednesday 20th January 2016 in the article titled: “Holomisa claims PIC funded ANC in complaint to Public Protector”.

DUBAI, United Arab Emirates, September 2015 – Greenstone Equity Partners, one of the largest independent fund placement firms in the Middle East, announced its collaboration with South African-based Harith to raise capital from GCC region and direct it to the development of infrastructure projects in Africa.

Sandton: A group of private investors who have owned and developed the Lanseria International Airport (“LIA”) over the past 21 years have sold 100% of their shares in the Airport to a Consortium of Investors. The transaction involves the following stakeholders under a new company to be formed: a BEE consortium including the broad based women empowerment company Nozala; the Government Employee Pension Fund through the Public Investment Corporation; and leading Pan African infrastructure development fund manager Harith, based in Sandton.

Harith Advisory Services, a division of General Partners Proprietary Limited, wishes to place on record the following information regarding its involvement with PetroSA. On 25 April 2013, we received a letter from PetroSA, advising us that PetroSA would commence an investigation in respect of some of its contracts, following a decision by its board of directors, and in addition, advising us of the contents of, and their response to, recent press reports. We were advised that once due process of the investigation by PetroSA had been completed the appropriate corrective action would be taken, and an announcement made in that regard.