SA is unlikely to see more private universities entering the higher education sector. Amid the crisis engulfing universities across the country, Higher Education and Training Minister Blade Nzimande told the fees commission on Thursday that the government was not keen on allowing private universities on a full-blown scale. This week, Stellenbosch-based investment holding company PSG Group said it wanted to invest some of its R1.7bn cash in private universities.PSG’s existing investments include a 58% stake in Curro Holdings, SA’s largest private education group. “We currently have R1.7bn cash available for further investments in our existing portfolio and one or two smaller greenfield businesses,” PSG chairman Jannie Mouton said. Some of the cash could be deployed through Curro, which will increase its teachers’ colleges from one to three, while PSG’s private equity arm would handle its other investments in the education sector. This could place more pressure on SA’s traditional uni...
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