Yes, FTC of SA was bought about 4 or 5 months ago and is now FTC of A. The current owners include the CFI, Vicky Buxton, a Brit with a ludicrous amount of experience in the aviation industry. I believe she has about 15,000 hours.
The management changeover was a very bumpy ride but things seem to be smoothing out now. There were some people who initially had trouble with their accounts after the takeover, but I believe they are all sorted out now. The new management are honouring all the old contracts.
This is first hand information as I'm at the school now doing hour-building and the ATPL ground school they run in conjunction with AFT.