STADIO EYES 100 000 STUDENTS WITH NEW LISTING
Private schools group Curro’s subsidiary Stadio is eyeing a bigger share of the tertiary education space and is hoping its listing on the JSE this week will make that dream a reality.
The company already has 13 000 students enrolled across its three institutions and is targeting an eventual 100 000 contact class and distant correspondence students.
According to Curro founder and Stadio CEO Chris van der Merwe, the company, unlike Curro, would not need a lot of investment into physical structures such lecture halls, as a portion of its enrolments is for the longdistance learning programme. He said that there are 150 000 students enrolled in private institutions and over a million students in state-run tertiary institutions, so the target Stadio has set of 100 000 is reasonable, but he would not be drawn into setting a timeline.
Van der Merwe said Stadio, which has 22 accredited academic programmes, is increasing that number to over 40 qualifications and that would enable it to widen the access to higher education in the country in line with the National Development Plan.
Prior unbundling from Curro, Stadio had acquired popular arts school Afda and has almost 10 accredited sites.
Curro is the largest for-profit independent school group in Africa, providing education services to 47 000 learners in 127 schools across South Africa and Namibia.
– Lesetja Malope