Curro plans split JSE listing
Curro Holdings, the fast-growing private education specialist controlled by PSG Group, is preparing its fledgling tertiary education operations for a listing on the JSE. Business Day confirmed on Tuesday that Curro had split its executive committee to focus separately on the company’s schools and tertiary offerings. Curro, which listed on the JSE in 2011 and now carries a market capitalisation of R18.5bn, earns most of its keep from its private schools division. But the company owns teacher education specialist Embury, which also offers accredited degrees in various subjects. In 2016 Embury signalled its intention to broaden its tertiary offering by acquiring a 50% stake in BA Isago University in Botswana. Curro CEO Chris van der Merwe confirmed a separate listing for the tertiary segment was under discussion. "We have been speaking about this for a while but we’re not 100% sure when we will actually do it. It’s still early days." Curro saw strong prospects in the private tertiary s...
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