Inside PSG’s lucrative distance-learning venture
What are PSG’s intentions with its lucrative distance-learning venture which overlaps with Curro and Stadio?
PSG Group’s penchant for private education is now stretching well beyond its core holding in JSE-listed schools business Curro Holdings (see Market Watch) and its tertiary offshoot Stadio. The group’s investment presentation for the year to end-February betrayed considerable bullishness around 88%-owned distance learning venture FutureLearn. The centralised learning platform already hosts about 18,500 learners and 1,500 tutors. It offers services to 1,700 schools and learning products to 200 corporates and tertiary institutions. In April, FutureLearn was bolstered by a merger with PSG-controlled education technology company ITSI, which itself caters for 200 schools and 70,000 learners. PSG CEO Piet Mouton believes huge cross-selling opportunities will be created by harnessing ITSI’s "learning paths" model and FutureLearn’s "guided learning" model. PSG is pencilling in some big numbers for the enlarged FutureLearn — which might be taken very seriously considering the enormous expansi...