The share of SA’s biggest private school group Curro on Tuesday fell 6.01%, its largest one-day drop since May 22 2020, after it warned of a sharp profit fall for its year to end-December, amid falling pupil numbers and pressure on parents.

With Covid-19 disrupting schools in 2020, Curro said in a trading update it had seen an increase in outstanding school fees in its financial year and had more than doubled its provision for bad debts, while pupil numbers also fell in the last half of the year...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now