Pembury in robust school expansion
Fledgling private-school company has expanded aggressively since listing on the JSE in March
Fledgling private-school company Pembury Lifestyle Group has expanded aggressively since listing on the JSE in March. Pembury focuses mainly on providing "affordable" private education through the schools it runs. It intends to own these schools in the near future. Pembury runs 19 schools in Gauteng and North West, and the number of students increased 64% from 1,100 to 1,809 at the beginning of 2017. It also made plans to open three new campuses in Centurion‚ Roodepoort and Springs. The 19 schools are located in places such as Northriding‚ Hartbeespoort and Ruimsig. The group’s financial results show that revenue grew 148% to R31.8m for the 10 months to December 2016 compared with the first year of operations ended February 2016.