The private company taking on South Africa’s biggest universities

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Stadio, the JSE-listed investment holdings company with investments in three private higher education institutions, has set its sights on creating an alternative to the University of South Africa, the largest university system in the country, with in excess of 400,000 students.

Larger universities including the likes of Stellenbosch University, UCT, Wits, and North-West University range between 30,000 and 70,000 students.

In 2013, Curro acquired Embury, a registered private higher education institution, which offers accredited teacher education qualifications. This was Curro’s first acquisition in the post-school education environment. In a note on Wednesday , Stadio chief executive officer, Chris Vorster said the group is set to enter a growth phase with its eye firmly on widening access to quality education. It currently boasts 9 schools, over 50 accredited programmes and both on and off-campus options.

Vorster said that in 2022, the group is still focused on the consolidation phase of the business and is positioning to implement its growth strategy, aiming for sustainable growth in profit of more than 20% in the long-term, with minimal capital requirements, whilst investigating the possibility of new markets, and further refining its systems and processes to enable continued innovation and efficiencies.

 

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