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...

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