Stadio Holdings, the soon-to-be-listed tertiary arm of private education group Curro, is pencilling in profit after tax of R500m from a student body of 56,000 by 2026. According to a prelisting statement released after market close on Friday, Stadio reckons it can increase its student enrolments (in contact and distance-learning modes) to an initial 35,000 students in the medium term after raising fresh capital of R840m ahead of a JSE listing on October 3. The steep growth trajectory suggested by Stadio recalls Curro’s listing in 2011, when similar growth ambitions were articulated. Stadio said its longer-term vision was to grow student numbers to over 100,000. Stadio, which at this early stage of its development is still making losses, comprises Embury colleges, as well as specialist tertiary brands AFDA (South African Motion Picture Medium and Live Performance) and the Southern Business School (SBS). Total student numbers are about 13,000. Rival private education group Advtech has...
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