Friday, November 16, 2012

■ SOUTH AFRICA: Johannesburg's Lanseria Airport sold to Harith, BEE consortium.

Johannesburg's Lanseria International Airport has been sold to a consortium of investors, it has been announced. The consortium consists of Harith, an infrastructure development fund management company and a Black Economic Empowerment consortium which includes the women's empowerment company Nozala; and the Government Employee Pension Fund (GEPF), through the Public Investment Corporation (PIC).

According to a statement from Hairth, the transaction is still subject to certain conditions, including regulatory approval.
"A group of private investors who have owned and developed the Lanseria International Airport over the past 21 years have sold 100% of their shares in the airport," said one of the new owners, Sandton-based Pan African infrastructure development fund manager Harith.

An overview of Lanseria Airport
An overview of Lanseria Airport (MFM)
The airport's current CEO, Gavin Sayce, said that the airport's management team and philosophy would remain unchanged whilst Harith is said to be keen on continued development and expansion of the airport as a low-cost alternative to Johannesburg's OR Tambo International Airport.

No mention as to what the costs are, was made.

Founded as a private aerodrome in 1972 by two Pretoria pilots, Fanie Haacke and Abe Sher, Lanseria International Airport has played a vital role in the development of South Africa’s aviation industry.

In 1991, Lanseria's then co-owners, the Roodepoort and Krugersdorp Municipalities and the Transvaal Administrator, sold the ownership and management of the airport to a consortium of private investors who then embarked on numerous expansion and renovation initiatives including the construction of a larger main terminal building along with an upgrade of all runways and taxiways.