For the past three years IM has written an annual special feature on the private education sector.

The three main JSE-listed stocks in this field are AdvTech (market cap R11.8bn), Curro Holdings (market cap R5.9bn) and Stadio Holdings (market cap R4.7bn). Curro is a pure private primary and secondary schools business; Stadio is a tertiary education business with a significant online learning division; and AdvTech is a blend, combining schooling and tertiary with an African education offshoot...

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