Stadio, the fledgling tertiary-education venture, has put a large slab of prime real estate behind its much-mooted “multiversity” offering. Stadio announced at an annual general meeting on Monday that it had snapped up almost 8ha of vacant land in Cape Town’s Durbanville to develop a new campus. The news coincided with an upbeat trading update that showed student numbers at Stadio — boosted by recent acquisitions Lisof and Milpark — topping about 26,500. This is considerably higher than Stadio’s prelisting forecasts and lends credence to the company’s contentions around strong latent demand for affordable private tertiary education. Considering the second semester intake and the possibility of more acquisitions, Stadio CEO Chris van der Merwe believed student numbers could reach 30,000 by the end of 2018.
The Durbanville development will be Stadio’s first large greenfield investment and will be crucial in the company’s long-term goal of accommodating 100,000 students. The comp...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.