Curro talks up state gains as it lays plans for private universities
Private universities could save the state millions of rands, says Piet Mouton, CEO of PSG, which, through its holding in Curro, plans to expand into higher education. His group, with a 58% stake in private school operator Curro, intends investing some of its R1.7-billion cash pile in "private higher education institutions", which Curro is setting up on the back of its teacher training colleges. It already has a teacher training college in KwaZulu-Natal, Embury, for 3,000 students. Next year two higher education institutions for 1,600 students in Midrand and 1,000 students in Pretoria are due to open, while 3,000 to 4,000 students will be catered for at a tertiary institution in the Western Cape in two to three years. Curro is busy designing courses and degrees and getting them accredited, a process that will take two years. Curro CEO Chris van der Merwe said it intended to accelerate the growth of its private higher education institutions because there are 50,000 eligible students w...
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