BUSINESS OF EDUCATION

ADVTECH MONASH DEAL COMPLETE

JSE-LISTED AdvTech said yesterday that its acquisition of Monash South Africa (MSA) had become unconditional following the fulfilment of all conditions precedent, including approval by the Competition Tribunal. The private education provider said the transaction was effective from April 1, which would result in MSA now being incorporated into AdvTech’s higher education division, The Independent Institute of Education, and branded IIE MSA. “The approval of this acquisition together with the recent high court judgment in favour of The Independent Institute of Education, confirming that registered and accredited qualifications from private institutions are on par with those of public universities, represents a substantial development for the private higher education sector in South Africa,” AdvTech said. | Staff Reporter