You can’t put a price on a great education. Or, in Curro’s case, a lid on the growth of a solid private offering. The private education group has delivered robust annual results, with top academic outcomes alongside growth in profitability, revenue and pupil numbers, in spite of the weakening economy.
In addition to swelling pupil numbers, Curro’s recurring headline earnings increased by 34.7% to R330-million. “If you unpack that carefully, fee revenue, comprising gross fees that we invoice and discounts that we provide thereon, went up 15.8%. To fortify its business against power outages by about two levels of blackouts, Curro has also invested R45-million in backup power and metering solutions in 2022, enabling it to achieve greater energy independence, reduce costs and mitigate disruptions.
The remaining debtors’ book, net of the expected credit loss provision, consists of R137-million of actively enrolled accounts and R112-million of inactive accounts.
Watch all the intro lines...white achievement gets mentioned specifically, but Kagiso Rababa's you had to club into a group with other whites. It pained DM to single him (and his single achievement) out. Racist journos he'll hellbent on pushing a narrative. Sies.
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