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CemAir asked South Africa's Competition Tribunal to block Harith Aviation's purchase of FlySafair, citing the state pension fund's interests on both sides.
South Africa's PIC has suspended its CEO and drawn a regulator's probe over a Lanseria airport deal linked to billionaire Tshepo Mahloele's Harith.
Tshepo Mahloele will collect $22 million from Capitec's record R9.27 billion dividend, despite recently selling $840 million worth of shares and cutting his stake to 3.85%.
Harith General Partners secures FlySafair, two years after its SAA deal collapsed, marking a shift in South Africa’s airline market.
This follows a $24.84 million loss between May 10 and 28, when his stake declined from R19.3 billion ($1.05 billion) to R18.84 billion ($1.03 billion).
Mahloele is the chairman and founder of Lebashe Investment Holding Group.