A WEE DRAM
CHRIS GILMOUR: Prognosis for private tertiary education positive in long term
There is limited infrastructure in the public tertiary education space and government no longer has the funds to build more capacity
Private education at primary, secondary and tertiary levels is growing rapidly in developing countries and SA is no exception, with the PSG group of education establishments very much at the forefront of this phenomenon. As governments rein in spending and reduce budget deficits, their ability to expand public education diminishes, leaving the private sector as the educational torchbearer. Stadio Holdings was spun out of Curro, PSG’s for-profit school operation, and listed on the JSE a year ago. Its "multiversity" model comprises 12 tertiary education campuses, with about 5,000 on-site students and 23,000 distance learners. Operations include the Embury Institute for Higher Education, Milpark Education, Lisof Fashion Design School, Southern Business School and the film and performance school Afda. Yet Stadio cannot call itself a university, as it lacks the breadth of faculties. Currently it offers business and commerce; education and training; creative industries; and law, security ...
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