Investment company Trematon Capital is finding traction for its niche private education venture, Generation Schools. Interim results released on Monday showed Generation more than doubling turnover to R17.6m in the six months to end-February. Generation also more than halved its profit before tax loss to less than R800,000 from R1.7m in the corresponding interim period in 2017. Trematon reported that Generation now had six school sites — four operating schools and two sites under development. Jevron Epstein, the executive in charge of Generation Schools, said the private schools business was on track to have 10 schools open by the end of the next financial year. He said Trematon hoped to have 20 schools operational within five years. Trematon disclosed that the number of pupils had increased to 833 from 500 at the end of August 2017. Generation’s two largest schools are in Sunningdale and Hermanus in the Western Cape. The company said the Sunningdale campus was complete and at full ...
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